Ranđelović, Saša and Žarković Rakić, Jelena and Vladisavljević, Marko and Vujić, Sunčica (2019) Labour Supply and Inequality Effects of In-Work Benefits: Evidence from Serbia. Naše gospodarstvo: revija za aktualna ekonomska in poslovna vprašanja, 65 (3). pp. 1-22. ISSN 2385-8052
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[23858052 - Naše gospodarstvo_Our economy] Labour Supply and Inequality Effects of In-Work Benefits_ Evidence from Serbia.pdf - Published Version Available under License Creative Commons Attribution Non-commercial No Derivatives. Download (1MB) |
Abstract
Low labour market participation, together with the high effective tax wedge at low wage levels, create a fertile ground for the introduction of the in-work benefits (IWB) in Serbia. Our paper provides an ex-ante evaluation of the two IWB schemes, directed at stimulating the labour supply and more equal income distribution. The methodological approach combines the tax-and-benefit microsimulation model with the discrete labour supply model. Our results show that both individual and family-based IWB schemes would considerably boost labour market participation, although family-based benefits would have disincentivizing effects for the secondary earners in couples. Most of the behavioural changes take place among the poorest individuals, with significant redistributive effects.
Item Type: | Article |
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Additional Information: | COBISS.ID=512583522 |
Uncontrolled Keywords: | in-work benefits, labour supply, inequality, discrete choice model, microsimulation |
Research Department: | Welfare Economics |
Depositing User: | Jelena Banovic |
Date Deposited: | 04 Dec 2019 15:40 |
Last Modified: | 03 May 2020 21:27 |
URI: | http://ebooks.ien.bg.ac.rs/id/eprint/1392 |
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