Employment effects of welfare reforms: evidence from a dynamic structural life-cycle model
In this paper we develop a dynamic structural life-cycle model of labor supply behavior which fully accounts for the effects of income tax and transfers on labor supply incentives. Additionally, the model recognizes the demand side driven rationing risk that might prevent individuals from realizing...
| Główni autorzy: | , , |
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| Format: | Working paper |
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University of Oxford
2008
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| _version_ | 1826262987797692416 |
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| author | Prowse, V Haan, P Uhlendorff, A |
| author_facet | Prowse, V Haan, P Uhlendorff, A |
| author_sort | Prowse, V |
| collection | OXFORD |
| description | In this paper we develop a dynamic structural life-cycle model of labor supply behavior which fully accounts for the effects of income tax and transfers on labor supply incentives. Additionally, the model recognizes the demand side driven rationing risk that might prevent individuals from realizing their optimal labor supply state, resulting in involuntary unemployment. We use this framework to study the employment effects of transforming a traditonal welfare state, as is currently in place in Germany, towards a more Anglo-American system in which a large proportion of transfers are paid to the working poor. |
| first_indexed | 2024-03-06T19:44:32Z |
| format | Working paper |
| id | oxford-uuid:21d1e1e6-41a2-44f1-8c86-eafce25e7a2c |
| institution | University of Oxford |
| last_indexed | 2024-03-06T19:44:32Z |
| publishDate | 2008 |
| publisher | University of Oxford |
| record_format | dspace |
| spelling | oxford-uuid:21d1e1e6-41a2-44f1-8c86-eafce25e7a2c2022-03-26T11:35:29ZEmployment effects of welfare reforms: evidence from a dynamic structural life-cycle modelWorking paperhttp://purl.org/coar/resource_type/c_8042uuid:21d1e1e6-41a2-44f1-8c86-eafce25e7a2cBulk import via SwordSymplectic ElementsUniversity of Oxford2008Prowse, VHaan, PUhlendorff, AIn this paper we develop a dynamic structural life-cycle model of labor supply behavior which fully accounts for the effects of income tax and transfers on labor supply incentives. Additionally, the model recognizes the demand side driven rationing risk that might prevent individuals from realizing their optimal labor supply state, resulting in involuntary unemployment. We use this framework to study the employment effects of transforming a traditonal welfare state, as is currently in place in Germany, towards a more Anglo-American system in which a large proportion of transfers are paid to the working poor. |
| spellingShingle | Prowse, V Haan, P Uhlendorff, A Employment effects of welfare reforms: evidence from a dynamic structural life-cycle model |
| title | Employment effects of welfare reforms: evidence from a dynamic structural life-cycle model |
| title_full | Employment effects of welfare reforms: evidence from a dynamic structural life-cycle model |
| title_fullStr | Employment effects of welfare reforms: evidence from a dynamic structural life-cycle model |
| title_full_unstemmed | Employment effects of welfare reforms: evidence from a dynamic structural life-cycle model |
| title_short | Employment effects of welfare reforms: evidence from a dynamic structural life-cycle model |
| title_sort | employment effects of welfare reforms evidence from a dynamic structural life cycle model |
| work_keys_str_mv | AT prowsev employmenteffectsofwelfarereformsevidencefromadynamicstructurallifecyclemodel AT haanp employmenteffectsofwelfarereformsevidencefromadynamicstructurallifecyclemodel AT uhlendorffa employmenteffectsofwelfarereformsevidencefromadynamicstructurallifecyclemodel |