+1-415-670-9189
info@expertsmind.com
Consider a new per-worker employment tax on workers
Course:- Microeconomics
Reference No.:- EM13700180





Assignment Help >> Microeconomics

Consider a new per-worker employment tax on workers (where previously there was no tax). Outline the consequences of this tax on the local labor market. Use appropriate, clear, and well-labeled diagrams. In your answer show (1) the burden of the tax on workers and firms, (2) the effect of the tax on employment, and (3) the effect of tax on the market wage. Which of the above (burden, employment, and/or market wage) change if we instead impose the tax on employers?




Put your comment
 
Minimize


Ask Question & Get Answers from Experts
Browse some more (Microeconomics) Materials
Mr. Smith is president of a firm that is the industry price leader; that is, it sets the price and other firms sell all they want at that price. The other firms act as perfe
The report indicates that the current price of decontaminated blood is $80 per pint. However, if the new screening methods are adopted, the demand and supply for decontaminate
The purpose of the paper is to demonstrate your ability to apply price theory to explain some interesting attributes of any chosen industry or to understand the effects of s
Suppose you are an economic advisor to the president, who has asked you to design a program to reduce the amount of unemployment associated with displaced workers. What majo
In 2006, the National Football League filed for a trademark on the phrase "Big Game," although it eventually withdrew the filing after firms such as Domino's Pizza, Dell, Ti
The cost of paving a new multi-use trail is $1.7 million. Minor repairs and up-keep will cost $100,000 per year. Every 10 years the trail will need a major re-surfacing at a c
Explain why in a perfectly competitive market the firm is a price taker. Why can't the firm choose the price at which it sells its good and Leskeista produces table lamps in
A patent gives a firm a monopoly in the production of the patented good. While monopoly profits provide an incentive for firms to innovate, the monopoly power imposes a cost o