Parity funding of health care contributions in Germany: A DSGE perspective

Autor:	Almira Enders, Nikolai Stähler, Dominik Groll
Rok vydání:	2020
Předmět:	Economics and Econometrics 050208 finance Public economics business.industry 05 social sciences Perspective (graphical) 0502 economics and business Health care Economics Dynamic stochastic general equilibrium 050207 economics Parity (mathematics) business Tax incidence
Zdroj:	German Economic Review. 21:217-233
ISSN:	1468-0475 1465-6485
DOI:	10.1515/ger-108-18
Popis:	Germany reintroduced parity funding of the statutory health insurance scheme in January 2019 by lowering the contribution rates for employees and raising those for employers, leaving the total rate constant. This reduces the tax wedge between total labour costs and net wages. After a small demand impulse on impact, followed by a small downturn in the first two years after implementation, an estimated New Keynesian DSGE model indicates small positive long-run output and employment effects. However, the reduced tax wedge leads to lower public revenues. Aggregate macroeconomic and welfare effects will depend on how the government compensates for these revenue losses.
Databáze:	OpenAIRE
Externí odkaz:	https://explore.openaire.eu/search/publication?articleId=doi_________::1ce795195bad73f72f6b2e67723674a9 https://doi.org/10.1515/ger-108-18 Zobrazit plný text záznamu