Tax Reform and the Dutch Labor Market: An Applied General Equilibrium Approach

This paper employs MIMIC, an applied general equilibrium model of the Dutch economy, to explore various tax cuts aimed at combating unemployment and raising labor supply. MIMIC combines modern labor-market theories, a firm empirical foundation detailed description of Dutch labor-market institutions. We develop a small aggregate model which contains the core of MIMIC, namely wage setting, job matching, labor supply demand. In addition to illustrating the main economic mechanisms in MIMIC shows the advantages of employing a larger, more disaggregated model that accounts for heterogeneity, institutional details, and more economic mechanisms. Targeting in-work benefits at the low skilled is the most effective way to cut economy-wide unemployment quality and quantity of labor supply. Cuts in social security contributions paid by employers and subsidies for hiring long-term unemployed reduce unskilled unemployment most substantially. Tax cuts in the higher tax brackets boost the quantity and quality of formal labor supply but are less effective in reducing unemployment and in raising unskilled employment and female labor supply.

Perspectivas clásicas y modernas de las virtudes en la empresa (I)

Este cuaderno contiene: "La justicia como virtud global en Tomás de Aquino" "La virtud y el comercio en el pensamiento de Domingo de Soto: las prácticas comerciales, el carácter y el bien común" "La virtud en Kant" "Adam Smith y las virtudes burguesas en la competencia

Profits and principles: an economic framework

Keywords: profit; business ethics; business responsibility; D45; D59; D63; L21; M14; Z13;

Christian Perspectives on the Market

This paper analyses the economic ethics of three main Christian traditions in Europe: the Roman Catholic tradition, the Evangelical tradition and the Ecumenical tradition. After defining several common and divergent elements of these different Christian traditions, we analyse the shortcomings of the free market operation concerning two common Christian values: the priority of the poor and stew-ardship of creation. We conclude that, because of these shortcomings, the Christian traditions will only provide conditional support to the free market.Free Market Operation, Christian Economic Ethics, Church Social Teaching, Priority of the Poor, Stewardship