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Estonian labor market institutions within a general equilibrium framework

The implications of the Estonian labor market policy reforms, such as changes to the minimum wage, social benefits and tax allowance, will be analysed using a simple applied general equilibrium model. The model used in the paper is from Bovenberg et al (2000), with the addition of an efficiency wage section based on Shapiro and Stiglitz (1984). The model integrates union bargaining and efficiency wage theory into a traditional CGE model framework.

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File URL: http://www.eestipank.ee/sites/eestipank.ee/files/publication/en/WorkingPapers/2004/_wp_504.pdf
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Paper provided by Bank of Estonia in its series Bank of Estonia Working Papers with number 2004-5.

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Length: 41 pages
Date of creation: 20 Oct 2004
Date of revision: 13 Oct 2004
Publication status: published
Handle: RePEc:eea:boewps:wp2004-5
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Phone: +3726680719
Fax: +3726680900
Web page: http://www.bankofestonia.info
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References listed on IDEAS
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  1. Fortin, Bernard & Marceau, Nicolas & Savard, Luc, 1997. "Taxation, wage controls and the informal sector," Journal of Public Economics, Elsevier, vol. 66(2), pages 293-312, November.
  2. Dixit, Avinash K & Stiglitz, Joseph E, 1977. "Monopolistic Competition and Optimum Product Diversity," American Economic Review, American Economic Association, vol. 67(3), pages 297-308, June.
  3. Boeters, Stefan & Böhringer, Christoph & Feil, Michael, 2002. "Taxation and unemployment: an applied general equilibrium approach for Germany," ZEW Discussion Papers 02-39, ZEW - Zentrum für Europäische Wirtschaftsforschung / Center for European Economic Research.
  4. Bovenberg, A.L. & Graafland, J.J. & de Mooij, R.A., 2000. "Tax reform and the Dutch labour market : An applied general equilibrium approach," Other publications TiSEM a22f887a-ce1a-4aa2-ad01-6, Tilburg University, School of Economics and Management.
  5. Stefan BOETERS & Michael FEIL & Nicole GÜRTZGEN, . "Discrete Working Time Choice in an Applied General Equilibrium Model," EcoMod2004 330600026, EcoMod.
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