Transfers, Taxes, and the NAIRU
Just as war is too important to be left to the generals, the impact of taxes and transfers on the aggregate unemployment rate is too important to be left to the macroeconomists. I therefore subject the issue of how tax and transfer policy affects unemployment and aggregate supply to a detailed, microeconomic examination of the effects of individual tax and transfer program structures. This inductive approach is, I believe, likely to provide a far better guide to discovering how changes in these policies have worked through the economy than would a macroeconomic approach that ignored the programs' complexities.
|Date of creation:||Sep 1980|
|Publication status:||published as Hamermesh, Daniel S. "Transfers, Taxes, and the NAIRU." The Supply-Side Effects of Economic Policy, edited by Laurence H. Meyer, pp.203-229. St. Louis: Center for the Study of American Business, 1981.|
|Contact details of provider:|| Postal: National Bureau of Economic Research, 1050 Massachusetts Avenue Cambridge, MA 02138, U.S.A.|
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- Grant, James H & Hamermesh, Daniel S, 1981.
"Labor Market Competition among Youths, White Women and Others,"
The Review of Economics and Statistics,
MIT Press, vol. 63(3), pages 354-360, August.
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- Baily, Martin Neil, 1977. "On the Theory of Layoffs and Unemployment," Econometrica, Econometric Society, vol. 45(5), pages 1043-1063, July.
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- Herbert Grubel & Dennis Maki, 1976. "The effects of unemployment benefits on U. S. Unemployment rates," Review of World Economics (Weltwirtschaftliches Archiv), Springer;Institut für Weltwirtschaft (Kiel Institute for the World Economy), vol. 112(2), pages 274-299, June.
- Hamermesh, Daniel S, 1979. "Entitlement Effects, Unemployment Insurance and Employment Decisions," Economic Inquiry, Western Economic Association International, vol. 17(3), pages 317-332, July.
- Perloff, Jeffrey M. & Wachter, Michael L., 1979. "A production function--nonaccelerating inflation approach to potential output : Is measured potential output too high?," Carnegie-Rochester Conference Series on Public Policy, Elsevier, vol. 10(1), pages 113-163, January.
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- Frank Brechling, 1981. "Layoffs and Unemployment Insurance," NBER Chapters,in: Studies in Labor Markets, pages 187-208 National Bureau of Economic Research, Inc. Full references (including those not matched with items on IDEAS)
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