Working Paper 11-04 - Personal income tax reform in Belgium: The short-, medium-and long-run impact on wages, employment and value added re-examined by LABMOD

Peter Stockman

Working Papers from Federal Planning Bureau, Belgium

Abstract: The impact of the current personal income tax reform on wages, value added and production is assessed. When fully implemented and all feedback on the goods and factor markets is accounted for, the 2001 fiscal reform and the removal of the crisis surcharge tax will cut the personal income tax rate by 3.1 percentage points and the market-sector real wage by 1.7%-2.6%.

JEL-codes: J31 (search for similar items in EconPapers)
Date: 2004-05-09
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