Barely a day goes by without some expert telling us how the continental European
economies are about to disintegrate unless their labor markets become more flexible …

This paper reviews the theoretical and empirical literature on the effects of taxation on
economic performance, adds marginally to the empirical literature, and draws conclusions …

I model and simulate the effects of employment tax cuts on unemployment and wages in four
equilibrium models: competitive, union bargaining, search and efficiency wages. I find that if …

The paper discusses the recent drive toward a system of dual income taxation (DIT) in the
Nordic countries. The pure version of this system combines progressive taxation of labor and …

Finland's depression A tale of bad luck and bad policies In the 1990s, Finland underwent a
deep depression as its GDP dropped about 14% and unemployment rose from 3 to almost …

Low-wage subsidies are often proposed as a solution to the unemployment problem among
the low skilled but the empirical evidence on their effects is still scarce. This paper examines …

As many economists believe that an understanding of the process of wage formation is of
crucial importance in explaining macroeconomic performance, a huge amount of research …

This paper reviews some of the central issues that arise in thinking about the motives for,
politics of, constraints on and measurement of, redistribution. Amongst the themes are: the …

" Determined to lay the foundations of an ever closer union among the peo-ples of Europe",
Belgium, France, Germany, Italy, Luxembourg, and the Netherlands signed the Treaty of …

We have travelled a long distance since the times when egalitarianism and efficiency
seemed in harmony; when incomes rose, the welfare state grew, and virtually no one was …