Unemployment as the Outcome of a Political Process: Fiscal Redistribution or Wage Rigidity?
AbstractThis article wonders why wage rigidity institutions are so widely effective in OECD countries whereas fiscal instruments can more efficiently redistribute income from high skilled to low skilled workers withj lower unemployment.
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Bibliographic InfoPaper provided by UniversitÃ© PanthÃ©on-Sorbonne (Paris 1) in its series Papiers d'Economie MathÃ©matique et Applications with number 2001.10.
Length: 31 pages
Date of creation: 2001
Date of revision:
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UNEMPLOYMENT ; MINIMUM WAGE;
Find related papers by JEL classification:
- D70 - Microeconomics - - Analysis of Collective Decision-Making - - - General
- E24 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Employment; Unemployment; Wages; Intergenerational Income Distribution
- J38 - Labor and Demographic Economics - - Wages, Compensation, and Labor Costs - - - Public Policy
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