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Federal Reserve Bank of Chicago
Economic Perspectives
The aggregate effects of advance notice requirements
Marcelo Veracierto

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.

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Marcelo Veracierto, "The aggregate effects of advance notice requirements" , Federal Reserve Bank of Chicago, Economic Perspectives, issue Q I, pages 19-31, 2002.
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Keywords: Employment (Economic theory) ; Taxation ; Wages
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