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dc.contributor.authorLehmann, Etienneen_US
dc.date.accessioned2006-11-16en_US
dc.date.accessioned2010-07-07T09:52:01Z-
dc.date.available2010-07-07T09:52:01Z-
dc.date.issued2006en_US
dc.identifier.urihttp://hdl.handle.net/10419/33857-
dc.description.abstractBecause of Time Inconsistency considerations, policymakers underestimate the drawbacks of wage rigidity as a redistributive tool. Consequently, they redistribute inefficiently income from high to low skilled workers. They typically implement too much wage rigidity whereas other means (in particular fiscal transfers) could achieve the same redistributive goal with less perverse effect on unemployment. Time inconsistency is more likely due to lack of credibility than to the short-term horizon of policymakers. Hence, policymaking processes should be reformed towards more transparent and binding agreements between government and social partners.en_US
dc.language.isoengen_US
dc.publisherIZA Bonnen_US
dc.relation.ispartofseriesIZA Discussion Papers 2116en_US
dc.subject.jelD78en_US
dc.subject.jelH2en_US
dc.subject.jelJ68en_US
dc.subject.ddc330en_US
dc.subject.keywordunemploymenten_US
dc.subject.keywordinequalityen_US
dc.subject.keywordwage rigidityen_US
dc.subject.keywordtime inconsistencyen_US
dc.titleWage rigidity or fiscal redistribution? The unemployment bias of time consistent redistributive policiesen_US
dc.typeWorking Paperen_US
dc.identifier.ppn511610890en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungen-
Appears in Collections:IZA Discussion Papers, Forschungsinstitut zur Zukunft der Arbeit (IZA)

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