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See detailBiased Technological Shocks, Relative Wage Rigidities and Low-Skilled Unemployment
Sneessens, Henri UL; Pierrard, Olivier

in Scottish Journal of Political Economy (2008), 55(3), 330-352

The contrast between the evolution over the last decades of the European Union (EU) and the US unemployment rates, especially for the low-skilled, is well known. A consensus view is that these different ... [more ▼]

The contrast between the evolution over the last decades of the European Union (EU) and the US unemployment rates, especially for the low-skilled, is well known. A consensus view is that these different outcomes can be explained by the interactions between common shocks and specific institutional setups. In this paper, we emphasize the interactions between technological changes and wages rigidities. We construct a fully calibrated general equilibrium model with two types of jobs and two types of workers, and with search unemployment. Our simulations show that with wage rigidities, technological changes suffice to generate a continuous rise in the low-skilled unemployment rate and an almost unchanged high-skilled unemployment rate. Without wage rigidities, the unemployment rates remain unchanged but the wage dispersion widens. [less ▲]

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See detailOn the Equivalence of Taxes Paid by Employers and Employees
Picard, Pierre M UL; Toulemonde, Eric

in Scottish Journal of Political Economy (2001), 48(4), 461-70

In this paper we study the employment effects of a budget neutral restructuring of taxes levied on employers and employees. We derive conditions for taxes levied on workers to have the same employment ... [more ▼]

In this paper we study the employment effects of a budget neutral restructuring of taxes levied on employers and employees. We derive conditions for taxes levied on workers to have the same employment effects as taxes levied on firms under standard processes of wage determination. [less ▲]

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