Effects of Fiscal Policy on Labor Markets: A Dynamic General Equilibrium Analysis

Effects of Fiscal Policy on Labor Markets: A Dynamic General Equilibrium Analysis

This paper considers a heterogeneous agent dynamic general equilibrium model and analyzes effects of an increase in labor income tax rate on labor market and the aggregate variables in Korea. The fiscal policy regarding how the government uses the additional tax revenue may take the two forms: 1) ge...

Full description

Bibliographic Details
Main Authors: Kim, Sun-Bin, Chang, Yong sung
Format: Article
Language:English
Published: Korea Development Institute 2008-12-01
Series:KDI Journal of Economic Policy
Subjects:
근로장려금(Earned Income Tax Credit: EITC)
취업률(Employment Rate)
비동질적 가계(Heterogeneous Agents)
동태적 일반균형모형(Dynamic General Equilibrium Model)
노동소득세율(Labor Income Tax Rate)
Online Access:https://doi.org/10.23895/kdijep.2008.30.2.185

Internet

https://doi.org/10.23895/kdijep.2008.30.2.185

Similar Items