wow-inequalities/02-data/intermediate/wos_sample/43df3a37f126762a6648e3afd45b7db4-heylen-freddy-and-v/info.yaml

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2023-09-28 14:46:10 +00:00
abstract: 'Raising employment, in particular employment among older individuals and
low educated individuals, stands high on the agenda of policy makers in
many OECD countries. Increased sensitivity in recent years to rising
inequality has made the challenge only larger. In this paper we evaluate
alternative fiscal policy scenarios to face this challenge. We construct
and use an overlapping generations model for an open economy where
individuals differ not only by age, but also by innate ability and human
capital. The model allows us to study effects on aggregate employment,
per capita income and welfare, as well as effects for specific age and
ability groups. We show that well-considered fiscal policy changes can
significantly improve macroeconomic productive efficiency, without
increasing intergenerational or intragenerational welfare inequality.
Our results strongly prefer a reduction in the labor tax rate on older
workers and on all low-wage earners, financed by an overall reduction in
non-employment benefits. An alternative financing option is to raise the
consumption tax rate. These results are to be seen as long-run effects
for economies at potential output. (C) 2019 The Society for Policy
Modeling. Published by Elsevier Inc. All rights reserved.'
affiliation: 'Heylen, F (Corresponding Author), Univ Ghent, Dept Econ, Sint Pieterspl
6, B-9000 Ghent, Belgium.
Heylen, Freddy; Van de Kerckhove, Renaat, Univ Ghent, Dept Econ, Sint Pieterspl
6, B-9000 Ghent, Belgium.'
author: Heylen, Freddy and Van de Kerckhove, Renaat
author-email: 'Freddy.Heylen@UGent.be
Renaat.VandeKerckhove@UGent.be'
author_list:
- family: Heylen
given: Freddy
- family: Van de Kerckhove
given: Renaat
da: '2023-09-28'
doi: 10.1016/j.jpolmod.2019.02.001
eissn: 1873-8060
files: []
issn: 0161-8938
journal: JOURNAL OF POLICY MODELING
keywords: 'Employment by age; Fiscal policy; Heterogeneous ability; Welfare
inequality; Overlapping generations (OLG)'
keywords-plus: 'CROSS-COUNTRY DIFFERENCES; PENSION REFORM; LABOR; UNEMPLOYMENT;
TAXATION; GROWTH; TAXES; MODEL'
language: English
month: JUL-AUG
number: '4'
number-of-cited-references: '26'
pages: 586-606
papis_id: db18f58590bbc0be83c66c5cf3cba574
ref: Heylen2019gettinglow
times-cited: '3'
title: 'Getting low educated and older people into work: The role of fiscal policy'
2023-10-01 08:15:07 +00:00
type: article
2023-09-28 14:46:10 +00:00
unique-id: WOS:000474682700003
usage-count-last-180-days: '2'
usage-count-since-2013: '13'
volume: '41'
web-of-science-categories: Economics
year: '2019'