Unemployment Benefits Versus Conditional Negative Income Taxes

Unemployment Benefits Versus Conditional Negative Income Taxes
Author: Mr.Dennis J. Snower
Publisher: International Monetary Fund
Total Pages: 22
Release: 1995-07-01
Genre: Business & Economics
ISBN: 1451848641

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The paper analyzes the wage-employment effects of replacing unemployment benefits by negative income taxes. It first surveys the major equity and efficiency effects of unemployment benefits versus negative income taxes, and summarizes the salient features of many European unemployment benefit systems in this light. Second, it presents a simple theoretical model that focuses on the relative wage-employment effects of unemployment benefits versus negative income taxes. Finally, it provides some empirical groundwork for assessing this relative effect

Supply and Demand Effects of Unemployment Insurance Benefit Extensions: Evidence from U.S. Counties

Supply and Demand Effects of Unemployment Insurance Benefit Extensions: Evidence from U.S. Counties
Author: Klaus-Peter Hellwig
Publisher: International Monetary Fund
Total Pages: 35
Release: 2021-03-12
Genre: Business & Economics
ISBN: 1513572687

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I use three decades of county-level data to estimate the effects of federal unemployment benefit extensions on economic activity. To overcome the reverse causality coming from the fact that benefit extensions are a function of state unemployment rates, I only use the within-state variation in outcomes to identify treatment effects. Identification rests on a differences-in-differences approach which exploits heterogeneity in county exposure to policy changes. To distinguish demand and supply-side channels, I estimate the model separately for tradable and non-tradable sectors. Finally I use benefit extensions as an instrument to estimate local fiscal multipliers of unemployment benefit transfers. I find (i) that the overall impact of benefit extensions on activity is positive, pointing to strong demand effects; (ii) that, even in tradable sectors, there are no negative supply-side effects from work disincentives; and (iii) a fiscal multiplier estimate of 1.92, similar to estimates in the literature for other types of spending.

Designing Labor Market Institutions in Emerging and Developing Economies

Designing Labor Market Institutions in Emerging and Developing Economies
Author: Mr.Romain A Duval
Publisher: International Monetary Fund
Total Pages: 58
Release: 2019-05-21
Genre: Business & Economics
ISBN: 1498313264

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This paper discusses theoretical aspects and evidences related to designing labor market institutions in emerging market and developing economies. This note reviews the state of theory and evidence on the design of labor market institutions in a developing economy context and then reviews its consistency with actual labor market advice in a selected set of emerging and developing economies. The focus is mainly on three broad sets of institutions that matter for both workers’ protection and labor market efficiency: employment protection, unemployment insurance and social assistance, minimum wages and collective bargaining. Text mining techniques are used to identify IMF recommendations in these areas in Article IV Reports for 30 emerging and frontier economies over 2005–2016. This note has provided a critical review of the literature on the design of labor market institutions in emerging and developing market economies, and benchmarked the advice featured in IMF recommendations for 30 emerging market and frontier economies against the tentative conclusions from the literature.

Taxation, Welfare, and the Crisis of Unemployment in Europe

Taxation, Welfare, and the Crisis of Unemployment in Europe
Author: Marco Buti
Publisher: Edward Elgar Publishing
Total Pages: 328
Release: 2001-01-01
Genre: Business & Economics
ISBN: 9781781009840

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The papers in this volume analyse the role of European tax and benefit systems in incentives to create and take up jobs. The first section provides an overview of the issues relating to the trade-off between equity and efficiency. The second section describes the burden of taxation and the generosity of the welfare system in Europe. Part three examines how to evaluate the effects of tax and welfare reforms and the final section looks at ways that tax can be used to deal with some structural problems. The papers show that European policy makers face tough choices and that reforms are costly, with complex trade-offs.

IMF Working Paper

IMF Working Paper
Author:
Publisher:
Total Pages: 830
Release: 1996
Genre: Finance
ISBN:

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Disability Payments

Disability Payments
Author: United States. Internal Revenue Service
Publisher:
Total Pages: 8
Release: 1983
Genre: Income tax
ISBN:

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Research Activities of the IMF, January 1991-December 1999

Research Activities of the IMF, January 1991-December 1999
Author: International Monetary Fund
Publisher: International Monetary Fund
Total Pages: 144
Release: 2000-01-01
Genre: Business & Economics
ISBN: 9781557759801

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Research activity in the IMF emphasizes the links between the organization's policy and operational concerns. The main objectives of research is IMF staff understanding of policy and operational issues relevant to the institution, and to improve the analytical quality of the work prepared for management and the Executive Board and the advice provided to member countries. The scope of research in the IMF is defined by the purposes and functions of the institution. In order to foster innovation and ensure quality control, the IMF makes much of its research available outside the institution and encourages staff to interact with academia and other research organizations through conferences, seminars, and occasional joint research projects. The visiting scholar’s program has also enhanced the quality of research done in the IMF. This program brings in leading members of the economics profession from around the world to assist in the preparation of papers for the Executive Board and to conduct research on IMF-related issues.