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Title
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Labour supply and inequality effects of in-work benefits : evidence from Serbia
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Author
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Abstract
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| 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. |
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Language
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English
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Source (journal)
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Naše Gospodarstvo
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Publication
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2019
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ISSN
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23858052
2385-8052
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DOI
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10.2478/NGOE-2019-0010
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Volume/pages
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65
:3
(2019)
, p. 1-22
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Full text (Publisher's DOI)
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Full text (open access)
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