Estonian labor market institutions within a general equilibrium framework

Marit Hinnosaar

No 2004-5, Bank of Estonia Working Papers from Bank of Estonia

Abstract: The implications of the Estonian labor market policy reforms, such as changes to the minimum wage, social benefits and tax allowance, will be analysed using a simple applied general equilibrium model. The model used in the paper is from Bovenberg et al (2000), with the addition of an efficiency wage section based on Shapiro and Stiglitz (1984). The model integrates union bargaining and efficiency wage theory into a traditional CGE model framework.

Keywords: computable general equilibrium models; unemployment; lowskilled labor; minimum wage; benefits; tax allowance (search for similar items in EconPapers)
JEL-codes: D58 E62 J32 J50 (search for similar items in EconPapers)
Pages: 41 pages
Date: 2004-10-20, Revised 2004-10-13
New Economics Papers: this item is included in nep-cmp and nep-mac
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Citations: View citations in EconPapers (4)

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