+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
1) Whether an asset is "liquid" often depends on what situation you are in. For each of the pairs of assets below, which is more liquid in the particular setting? You wan
If interest rates or opportunity costs investment, happened to be the same in both developed countries and emerging economy nations, what could account for faster upward shi
An oil exploration company purchases drill bits whose length of life is approximately normally distributed with mean 75 hours and standard deviation 12 hours. What proportio
Stock pricing The market price of a security is $20. Its expected rate of return is ten percent. The risk free rate is two percent and the expected excess return on the market
What is the long-run equilibrium price in this market? Explain intuitively, in your own words, why this is the long-run equilibrium. What is the long-run market equilibrium
What problems of moral hazard and/or adverse selection arise in your dealings with each of the following? In each case, outline some appropriate incentive schemes and/or signa
However, rather than having data on individual workers, you have access to data on manufacturing firms in Ohio. in particular, for each firm, you have information on hours o
What percentage of the variation of your dependent variable is explained by the independent? d) (10) Suppose the corruption measure was flipped. That is, the least corruptio