labour economics, Economics, Microeconomics

Much of the supply-side, fiscally conservative economic policies of Margaret Thatcher, Ronald Reagan, and even Mike Harris in Ontario were predicated on the belief that high income tax rates discourage work. Cutting income tax rates would, it was argued, stimulate incentives to work and thereby increase economic growth. Demonstrate an income tax cut leading to greater labour supply in a labour-leisure trade-off model. What does this outcome assume about the relative sizes of the income and substitution effects?
Posted Date: 1/30/2012 1:13:58 PM | Location : United States







Related Discussions:- labour economics, Economics, Assignment Help, Ask Question on labour economics, Economics, Get Answer, Expert's Help, labour economics, Economics Discussions

Write discussion on labour economics, Economics
Your posts are moderated
Related Questions
looking for information to complete essay, info looking for What is elasticity and its calculations for the price of a lap top, that increases by 20% and there is a 40% drop in qua

Ask questi‘Social welfare functions embody a normative conception of the relative importance of equity and efficiency’. With the aid of diagrams, illustrate and explain this propos

what is the influence of an increase of migrants on the market supply labour

I''m having trouble with this problem.....I must have missed the class that it was discussed in. I''m more confused with the interpreting the equations with all the Labor demand/La

In John Stossel's article, "In Praise of Price Gouging", Stossel argues that a law banning price gouging would result in a two-block line for gasoline after Superstorm Sandy. a.

how do I calculate for utility

How do I do I use affsolve?

Features of monopolistic competition: Large number of firms in the industry. There are many small firms each supplying only a small share of the total market output. Hence, no

What are the differentiated conditions of economic issue? While discussing an economic issue, this is very important to differentiate between: (a) Two types of conditions: e

could a nations production possibilities curve ever shift inward