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dc.contributor.authorLehmann, Etienneen
dc.date.accessioned2006-11-16-
dc.date.accessioned2010-07-07T09:52:01Z-
dc.date.available2010-07-07T09:52:01Z-
dc.date.issued2006-
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
dc.language.isoengen
dc.publisher|aInstitute for the Study of Labor (IZA) |cBonnen
dc.relation.ispartofseries|aIZA Discussion Papers |x2116en
dc.subject.jelD78en
dc.subject.jelH2en
dc.subject.jelJ68en
dc.subject.ddc330en
dc.subject.keywordunemploymenten
dc.subject.keywordinequalityen
dc.subject.keywordwage rigidityen
dc.subject.keywordtime inconsistencyen
dc.titleWage rigidity or fiscal redistribution? The unemployment bias of time consistent redistributive policies-
dc.type|aWorking Paperen
dc.identifier.ppn511610890en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen

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