Autore
Palokangas, TapioTitolo
Optimal capital taxation, labour unions, and the hold-up problemPeriodico
LabourAnno:
2014 - Volume:
28 - Fascicolo:
4 - Pagina iniziale:
359 - Pagina finale:
375This document examines optimal capital taxation with wage-setting labour unions when the government taxes consumption, labour, and capital. The results are as follows. If unions can commit themselves to particular wages for a long period, then there is no hold-up problem. Otherwise, the hold-up problem creates a positive link from capital accumulation to the wage. The optimal labour subsidy is positive and greater in the presence than in the absence of the hold-up problem. The optimal capital subsidy is zero in the absence, but positive in the presence of the hold-up problem.
SICI: 1121-7081(2014)28:4<359:OCTLUA>2.0.ZU;2-Y
Esportazione dati in Refworks (solo per utenti abilitati)
Record salvabile in Zotero
Biblioteche ACNP che possiedono il periodico