Working Paper 14-03 - Een macro-economische evaluatie van de werkgeversbijdrage-verminderingen in 1995-2000
AbstractThis paper assesses to which extent the policy of reducing employers' social security contributions has increased market sector employment in 1995-2000. The analytical framework is a macroeconometric labour market model of the market sector that models added value, the employment of labour and capital, the setting of wages and prices, the matching of supply and demand on the labour market, and the dynamics that tie short-run behaviour to the steady state. The real wage cost depends on the wage gap, labour productivity, the replacement rate of unemployment benefits to the take home wage, and tensions on the labour market. The model comes in two versions. The ‘right-to-manage' version links the wage cost to the unemployment rate; the ‘job-search' version ties the wage cost to the unemployment-vacancy-ratio.
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Bibliographic InfoPaper provided by Federal Planning Bureau, Belgium in its series Working Papers with number 0314.
Date of creation: 25 Sep 2003
Date of revision:
Find related papers by JEL classification:
- J68 - Labor and Demographic Economics - - Mobility, Unemployment, Vacancies, and Immigrant Workers - - - Public Policy
- J38 - Labor and Demographic Economics - - Wages, Compensation, and Labor Costs - - - Public Policy
- J58 - Labor and Demographic Economics - - Labor-Management Relations, Trade Unions, and Collective Bargaining - - - Public Policy
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