The aggregate effects of advance notice requirements
Abstract: This article analyzes the effects of advance notice requirements on aggregate output, wages, employment, and welfare levels. The author finds that, contrary to firing taxes, advance notice requirements do not lead to reduction in employment. However, they can reduce welfare levels considerably more than firing taxes.
File(s): File format is application/pdf http://www.chicagofed.org/digital_assets/publications/economic_perspectives/2002/1qepart2.pdf
Provider: Federal Reserve Bank of Chicago
Part of Series: Economic Perspectives
Publication Date: 2002
Issue: Q I