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

sources of oligopory

a. The diagram above depicts the current position of a hypothetical economy using the Keynesian Income/Expenditure approach. If national income is currently at Y1 explain why this

Elasticity of Demand This is a measure of how responsive the sales volume of goods is to changes in that product's price, equal to the marginal change in sales, divided by the

would a rational producer be concerned with the average or marginal product of an input in deciding whether or not to hire the inputs?

Question:  Explain the contribution of capital accumulation in the progress of an economy? Capital makes the technological progress of the economy possible. Different technol

What is the difference between price value and price level?  Price value is the value of commodity bought by the consumer at a certain price from the market, while, price level

Normal 0 false false false EN-IN X-NONE X-NONE MicrosoftInternetExplorer4

I have an article about 40 pages long that''s needs to be read and then a discussion question. The post has to be 35-40 lines. I will have to send/ attach the article

Use a supply and demand diagram to help explain how a city council might help to decrease traffic congestion in the city during weekends. pointing out that demand happens d