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Subsidizing vs. Experience Rating of Unemployment Insurance in Unionized Labor Markets
(Valtion taloudellinen tutkimuskeskus VATT, 2003-12-18)
Alternative ways to organize government subsidies to unemployment insurance (UI) are analyzed in a right-to-manage model where industry level unions run UI funds of their own. It is shown that equilibrium unemployment is ...
Does Centralised Wage Setting Lead into Higher Taxation?
(Valtion taloudellinen tutkimuskeskus VATT, 2003-10-22)
This paper studies implications of centralised wage setting for the level of taxation and public expenditure in an analytical model with unionised labour markets. We extend the previous studies by allowing for both demand ...