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
Perfect competition: Perfect completion refers to the market structure in which there are a large number of relatively small firms, each firm having freedom of entry into and

what is the combined total demand schedule for Delgian cocoa beans that European and USA consumers buy

what is the energy of violet light with a frequency =7.50 x 10 to the 14 s-1

illustrate a long-run equilbrium using diagrams for the gold market and for a representative gold mine

What is Economics?  Economics is explained as the study of how people choose to use their scarce resources in an attempt to satisfy their unlimited wants. In other words, we h

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

Analysis of business portfolio by using Boston Consultant Group (BCG) Matrix.

draw a production possibility frontier task using the graph and value and identity the pareto efficent and inefficient point and the marginal oppotunity cost of x for each point of

williomson''s model of managerial discretion