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Employment Subsidies, Unemployment and Monopolistic Competition

Author

Listed:
  • Fleurbaey, M.

Abstract

This paper studies the impact of employment subsidies in a simple macroeconomic model with imperfect competition and unemployment due to wage rigidity. COmputed with a simple formula that is robust to the specification of imperfect competition and wage rigidity, subsidies can make an economy reach the Walrasian equilibrium. Moreover, theintroduction of employment subsidies can reduce unemployment without harming net real incomes, government budget or inflation.

Suggested Citation

  • Fleurbaey, M., 1998. "Employment Subsidies, Unemployment and Monopolistic Competition," Papers 9824, Paris X - Nanterre, U.F.R. de Sc. Ec. Gest. Maths Infor..
    • Handle: RePEc:fth:pnegmi:9824
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    Citations

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    Cited by:

    1. Hassan Molana & Catia Montagna, 2016. "Selection, Trade, and Employment: The Strategic Use of Subsidies," Dundee Discussion Papers in Economics 296, Economic Studies, University of Dundee.
    2. Jean-Paul Fitoussi, 2000. "Allégements des charges sur les bas salaires," Revue de l'OFCE, Programme National Persée, vol. 74(1), pages 33-51.
    3. repec:hal:wpspec:info:hdl:2441/5639 is not listed on IDEAS
    4. repec:spo:wpmain:info:hdl:2441/5639 is not listed on IDEAS
    5. repec:hal:spmain:info:hdl:2441/5639 is not listed on IDEAS
    6. Jean-Paul Fitoussi, 2000. "Payroll tax reductions for the low paid," Post-Print hal-00972903, HAL.
    7. repec:spo:wpecon:info:hdl:2441/5639 is not listed on IDEAS
    8. Hassan Molana, 2015. "Selection, Trade, and Employment: the Strategic Use of Subsidies. WWWforEurope Policy Paper No. 21," WIFO Studies, WIFO, number 57894.

    More about this item

    Keywords

    EMPLOYMENT ; SUBSIDIES ; MONOPOLIES ; COMPETITION ; UNEMPLOYMENT;
    All these keywords.

    JEL classification:

    • D6 - Microeconomics - - Welfare Economics
    • E6 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook
    • E24 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Employment; Unemployment; Wages; Intergenerational Income Distribution; Aggregate Human Capital; Aggregate Labor Productivity

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