Working Paper 14-03 - Een macro-economische evaluatie van de werkgeversbijdrage-verminderingen in 1995-2000
This 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.
|Date of creation:||25 Sep 2003|
|Contact details of provider:|| Postal: Avenue des Arts, 47-49, B-1000 Bruxelles|
Phone: (32) 02/507.73.11
Fax: (32) 02/507.73.73
Web page: http://www.plan.be
More information through EDIRC
When requesting a correction, please mention this item's handle: RePEc:fpb:wpaper:0314. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Dominique van der Wal)
If references are entirely missing, you can add them using this form.