Tax progression and training in a matching framework |
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| Institution: | 1. Department of Ultrasound, Second Affiliated Hospital of Harbin Medical University, Harbin, China;2. Department of General Surgery, Second Hospital of Hebei Medical University, Shijiazhuang, China;1. Department of Health Promotion, Education, and Behavior, Arnold School of Public Health, University of South Carolina, Columbia;2. Department of Research, Toronto Rehabilitation Institute, University Health Network, Bickle Centre, Toronto, Ontario, Canada;3. Adjunct Professor, School of Kinesiology and Health Studies, Queen''s University, Kingston, Ontario, Canada;1. Department of Surgical Oncology, Princess Margaret Hospital, Toronto, Canada;2. Department of Surgery, Sunnybrook Health Sciences Centre, University of Toronto, Toronto, Canada;1. Guy''s and St Thomas'' NHS Foundation Trust, London, UK;2. King''s College London, London, UK;3. Public Health England, London, UK;4. London School of Hygiene and Tropical Medicine, London, UK;5. La Jolla Country Day, San Diego, CA, USA;1. Université catholique de Louvain, Center for Operations Research and Econometrics, Voie du Roman Pays 34, 1348 Louvain-la-Neuve, Belgium;2. Université de Liège, Department of Economics, 7, Bd Rectorat (B31), 4000 Liège, Belgium;3. KU Leuven, Department of Economics, Naamsestraat 69 - bus 3565, 3000 Leuven, Belgium |
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| Abstract: | This paper investigates the effect of tax progression on labour market outcomes in an equilibrium search model with wage bargain and endogenous training decisions. We find that the effect of tax progression on training depends crucially on which party invests and the tax function that is considered. When the firm invests, a higher tax progression may increase training levels. Moreover, when a complete contract is possible or when the firm invests, the optimal tax rate in a model with endogenous human capital is at least as high as in a model with exogenous human capital. |
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