Optimal policy analysis in a macro-focused union : a quantitative assessment
There is very little theoretical study that focuses on “Macro-based” union. In an economy with “Macro-focused” union, what is the optimal level of taxation rate and union member fee such that the social welfare is maximized? To address these questions, we develop a tractable general equilibrium f...
Saved in:
Main Authors: | , , |
---|---|
Other Authors: | |
Format: | Final Year Project |
Language: | English |
Published: |
2016
|
Subjects: | |
Online Access: | http://hdl.handle.net/10356/66693 |
Tags: |
Add Tag
No Tags, Be the first to tag this record!
|
Institution: | Nanyang Technological University |
Language: | English |
id |
sg-ntu-dr.10356-66693 |
---|---|
record_format |
dspace |
spelling |
sg-ntu-dr.10356-666932019-12-10T14:37:46Z Optimal policy analysis in a macro-focused union : a quantitative assessment Sinthavy, Anoulat Chen, Jia Jun Teng, Kah Seng Tang Yang School of Humanities and Social Sciences DRNTU::Social sciences::Economic theory::Macroeconomics There is very little theoretical study that focuses on “Macro-based” union. In an economy with “Macro-focused” union, what is the optimal level of taxation rate and union member fee such that the social welfare is maximized? To address these questions, we develop a tractable general equilibrium framework that is suitable to study a “Macro-based” union. Our model mimics various facts such as union members are offered an endogenously determined goods discount rate, taxation exemption for union firms and individuals hold heterogeneous preference against union. Union size, price of union and non-union goods, number of union and non-union firms are all endogenously determined in the model. Quantitative analysis shows that different levels of taxation rate and union member fee affect social welfare and various economic parameters differently. Results suggest that lowering taxation rate on non-union firms is overall beneficial and the optimal union membership fee is zero when individuals do not have strong preference over non-union goods and in the presence of taxation policy. Bachelor of Arts 2016-04-21T03:06:52Z 2016-04-21T03:06:52Z 2016 Final Year Project (FYP) http://hdl.handle.net/10356/66693 en Nanyang Technological University 49 p. application/pdf |
institution |
Nanyang Technological University |
building |
NTU Library |
country |
Singapore |
collection |
DR-NTU |
language |
English |
topic |
DRNTU::Social sciences::Economic theory::Macroeconomics |
spellingShingle |
DRNTU::Social sciences::Economic theory::Macroeconomics Sinthavy, Anoulat Chen, Jia Jun Teng, Kah Seng Optimal policy analysis in a macro-focused union : a quantitative assessment |
description |
There is very little theoretical study that focuses on “Macro-based” union. In an economy
with “Macro-focused” union, what is the optimal level of taxation rate and union member
fee such that the social welfare is maximized? To address these questions, we develop a
tractable general equilibrium framework that is suitable to study a “Macro-based” union.
Our model mimics various facts such as union members are offered an endogenously
determined goods discount rate, taxation exemption for union firms and individuals hold
heterogeneous preference against union. Union size, price of union and non-union goods,
number of union and non-union firms are all endogenously determined in the model.
Quantitative analysis shows that different levels of taxation rate and union member fee
affect social welfare and various economic parameters differently. Results suggest that
lowering taxation rate on non-union firms is overall beneficial and the optimal union
membership fee is zero when individuals do not have strong preference over non-union
goods and in the presence of taxation policy. |
author2 |
Tang Yang |
author_facet |
Tang Yang Sinthavy, Anoulat Chen, Jia Jun Teng, Kah Seng |
format |
Final Year Project |
author |
Sinthavy, Anoulat Chen, Jia Jun Teng, Kah Seng |
author_sort |
Sinthavy, Anoulat |
title |
Optimal policy analysis in a macro-focused union : a quantitative assessment |
title_short |
Optimal policy analysis in a macro-focused union : a quantitative assessment |
title_full |
Optimal policy analysis in a macro-focused union : a quantitative assessment |
title_fullStr |
Optimal policy analysis in a macro-focused union : a quantitative assessment |
title_full_unstemmed |
Optimal policy analysis in a macro-focused union : a quantitative assessment |
title_sort |
optimal policy analysis in a macro-focused union : a quantitative assessment |
publishDate |
2016 |
url |
http://hdl.handle.net/10356/66693 |
_version_ |
1681036112853729280 |