{"id":"https://openalex.org/W2015996697","doi":"https://doi.org/10.2307/2297474","title":"Taxes, Subsidies and Equilibrium Unemployment","display_name":"Taxes, Subsidies and Equilibrium Unemployment","publication_year":1985,"publication_date":"1985-01-01","ids":{"openalex":"https://openalex.org/W2015996697","doi":"https://doi.org/10.2307/2297474","mag":"2015996697"},"language":"en","primary_location":{"id":"doi:10.2307/2297474","doi":"https://doi.org/10.2307/2297474","is_oa":false,"landing_page_url":"https://doi.org/10.2307/2297474","pdf_url":null,"source":{"id":"https://openalex.org/S88935262","display_name":"The Review of Economic Studies","issn_l":"0034-6527","issn":["0034-6527","1467-937X"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-a-star","anvur-class-a","anvur-scientific","cwts-core","erih-plus","ft50","jufo-3","norway-2","poland-200","russia-white-list-1","vabb-shw"],"host_organization":"https://openalex.org/P4310311648","host_organization_name":"Oxford University Press","host_organization_lineage":["https://openalex.org/P4310311648","https://openalex.org/P4310311647"],"host_organization_lineage_names":["Oxford University Press","University of Oxford"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"The Review of Economic Studies","raw_type":"journal-article"},"volume":null,"type":"article","indexed_in":["crossref"],"open_access":{"is_oa":false,"oa_status":"closed","oa_url":null,"any_repository_has_fulltext":false},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5003364674","display_name":"Christopher A. Pissarides","orcid":"https://orcid.org/0000-0002-0695-058X","observed_orcids":["https://orcid.org/0000-0002-0695-058X"]},"institutions":[{"id":"https://openalex.org/I909854389","display_name":"London School of Economics and Political Science","ror":"https://ror.org/0090zs177","country_code":"GB","type":"education","lineage":["https://openalex.org/I124357947","https://openalex.org/I909854389"]}],"countries":["GB"],"is_corresponding":true,"raw_author_name":"Christopher A. Pissarides","raw_affiliation_strings":["London School of Economics"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"London School of Economics","institution_ids":["https://openalex.org/I909854389"]}]}],"institutions":[],"countries_distinct_count":1,"institutions_distinct_count":1,"corresponding_author_ids":["https://openalex.org/A5003364674"],"corresponding_institution_ids":["https://openalex.org/I909854389"],"apc_list":{"value":4952,"currency":"GBP","value_usd":6530},"apc_paid":null,"fwci":6.3559,"has_fulltext":false,"cited_by_count":89,"citation_normalized_percentile":{"value":0.95389277,"is_in_top_1_percent":false,"is_in_top_10_percent":true},"cited_by_percentile_year":{"min":89,"max":98},"biblio":{"volume":"52","issue":"1","first_page":"121","last_page":"121"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T10208","display_name":"Labor market dynamics and wage inequality","score":0.9599999785423279,"subfield":{"id":"https://openalex.org/subfields/2002","display_name":"Economics and Econometrics"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T10208","display_name":"Labor market dynamics and wage inequality","score":0.9599999785423279,"subfield":{"id":"https://openalex.org/subfields/2002","display_name":"Economics and Econometrics"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T12137","display_name":"Economic theories and models","score":0.01360000018030405,"subfield":{"id":"https://openalex.org/subfields/2002","display_name":"Economics and Econometrics"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T11544","display_name":"Gender, Labor, and Family Dynamics","score":0.005200000014156103,"subfield":{"id":"https://openalex.org/subfields/3318","display_name":"Gender Studies"},"field":{"id":"https://openalex.org/fields/33","display_name":"Social Sciences"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/wage-tax","display_name":"wage taxation","score":0.7850000262260437},{"id":"https://openalex.org/keywords/employment-subsidies","display_name":"employment subsidies","score":0.9909999966621399},{"id":"https://openalex.org/keywords/unemployment-benefits","display_name":"unemployment benefits","score":0.9940000176429749},{"id":"https://openalex.org/keywords/equilibrium-unemployment","display_name":"equilibrium unemployment","score":0.9539999961853027},{"id":"https://openalex.org/keywords/job-search","display_name":"job search","score":0.6949999928474426},{"id":"https://openalex.org/keywords/job-matching","display_name":"job matching","score":0.7900000214576721},{"id":"https://openalex.org/keywords/job-separation","display_name":"job separation","score":0.8349999785423279},{"id":"https://openalex.org/keywords/job-vacancies","display_name":"job vacancies","score":0.9660000205039978},{"id":"https://openalex.org/keywords/nash-bargaining","display_name":"Nash bargaining","score":0.8069999814033508},{"id":"https://openalex.org/keywords/wage-determination","display_name":"wage determination","score":0.5899999737739563},{"id":"https://openalex.org/keywords/surplus-distribution","display_name":"surplus distribution","score":0.3959999978542328}],"concepts":[{"id":"https://openalex.org/C84265765","wikidata":"https://www.wikidata.org/wiki/Q193219","display_name":"Subsidy","level":2,"score":0.8626340627670288},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.8567929863929749},{"id":"https://openalex.org/C2778126366","wikidata":"https://www.wikidata.org/wiki/Q41171","display_name":"Unemployment","level":2,"score":0.7874915599822998},{"id":"https://openalex.org/C145236788","wikidata":"https://www.wikidata.org/wiki/Q28161","display_name":"Labour economics","level":1,"score":0.6977249383926392},{"id":"https://openalex.org/C2777388388","wikidata":"https://www.wikidata.org/wiki/Q6821213","display_name":"Wage","level":2,"score":0.6589549779891968},{"id":"https://openalex.org/C6968784","wikidata":"https://www.wikidata.org/wiki/Q1193835","display_name":"Efficiency wage","level":3,"score":0.5076826810836792},{"id":"https://openalex.org/C103382277","wikidata":"https://www.wikidata.org/wiki/Q282640","display_name":"General equilibrium theory","level":2,"score":0.4981396198272705},{"id":"https://openalex.org/C181622380","wikidata":"https://www.wikidata.org/wiki/Q26911","display_name":"Profit (economics)","level":2,"score":0.4714057445526123},{"id":"https://openalex.org/C2777661119","wikidata":"https://www.wikidata.org/wiki/Q1419726","display_name":"Profit sharing","level":2,"score":0.47095829248428345},{"id":"https://openalex.org/C175444787","wikidata":"https://www.wikidata.org/wiki/Q39072","display_name":"Microeconomics","level":1,"score":0.2874733507633209},{"id":"https://openalex.org/C139719470","wikidata":"https://www.wikidata.org/wiki/Q39680","display_name":"Macroeconomics","level":1,"score":0.11085507273674011},{"id":"https://openalex.org/C34447519","wikidata":"https://www.wikidata.org/wiki/Q179522","display_name":"Market economy","level":1,"score":0.06943649053573608},{"id":"https://openalex.org/C10138342","wikidata":"https://www.wikidata.org/wiki/Q43015","display_name":"Finance","level":1,"score":0.0}],"mesh":[],"locations_count":4,"locations":[{"id":"doi:10.2307/2297474","doi":"https://doi.org/10.2307/2297474","is_oa":false,"landing_page_url":"https://doi.org/10.2307/2297474","pdf_url":null,"source":{"id":"https://openalex.org/S88935262","display_name":"The Review of Economic Studies","issn_l":"0034-6527","issn":["0034-6527","1467-937X"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-a-star","anvur-class-a","anvur-scientific","cwts-core","erih-plus","ft50","jufo-3","norway-2","poland-200","russia-white-list-1","vabb-shw"],"host_organization":"https://openalex.org/P4310311648","host_organization_name":"Oxford University Press","host_organization_lineage":["https://openalex.org/P4310311648","https://openalex.org/P4310311647"],"host_organization_lineage_names":["Oxford University Press","University of Oxford"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"The Review of Economic Studies","raw_type":"journal-article"},{"id":"pmh:oai:repository.hkust.edu.hk:1783.1-72548","doi":null,"is_oa":false,"landing_page_url":"http://repository.hkust.edu.hk/ir/Record/1783.1-72548","pdf_url":null,"source":{"id":"https://openalex.org/S4306401796","display_name":"Rare & Special e-Zone (The Hong Kong University of Science and Technology)","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I200769079","host_organization_name":"Hong Kong University of Science and Technology","host_organization_lineage":["https://openalex.org/I200769079"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"Article"},{"id":"pmh:oai:RePEc:bla:restud:v:52:y:1985:i:1:p:121-33","doi":null,"is_oa":false,"landing_page_url":"http://links.jstor.org/sici?sici=0034-6527%28198501%2952%3A1%3C121%3ATSAEU%3E2.0.CO%3B2-P&origin=bc","pdf_url":null,"source":{"id":"https://openalex.org/S4306401271","display_name":"RePEc: Research Papers in Economics","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I77793887","host_organization_name":"Federal Reserve Bank of St. Louis","host_organization_lineage":["https://openalex.org/I77793887"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"","raw_type":"article"},{"id":"pmh:oai:RePEc:oup:restud:v:52:y:1985:i:1:p:121-133.","doi":null,"is_oa":false,"landing_page_url":"http://hdl.handle.net/10.2307/2297474","pdf_url":null,"source":{"id":"https://openalex.org/S4306401271","display_name":"RePEc: Research Papers in Economics","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I77793887","host_organization_name":"Federal Reserve Bank of St. Louis","host_organization_lineage":["https://openalex.org/I77793887"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"article"}],"best_oa_location":null,"sustainable_development_goals":[{"display_name":"Decent work and economic growth","id":"https://metadata.un.org/sdg/8","score":1.0},{"display_name":"Reduced inequalities","id":"https://metadata.un.org/sdg/10","score":0.4000000059604645}],"sustainable_development_goals_aurora":[{"display_name":"Decent work and economic growth","id":"https://metadata.un.org/sdg/8","score":0.7599999904632568}],"study_designs":[],"awards":[],"funders":[],"has_content":{"pdf":false,"grobid_xml":false},"content_urls":null,"referenced_works_count":12,"referenced_works":["https://openalex.org/W40048283","https://openalex.org/W1570383696","https://openalex.org/W1974940523","https://openalex.org/W1975009779","https://openalex.org/W2035805224","https://openalex.org/W2046712907","https://openalex.org/W2050436177","https://openalex.org/W2077888703","https://openalex.org/W2108873859","https://openalex.org/W2157076083","https://openalex.org/W3122188301","https://openalex.org/W3123058307"],"related_works":["https://openalex.org/W2587641813","https://openalex.org/W7096463429","https://openalex.org/W1995728292","https://openalex.org/W7098712777","https://openalex.org/W7100160705","https://openalex.org/W2063178893","https://openalex.org/W2104733723","https://openalex.org/W2035833182","https://openalex.org/W1538388108","https://openalex.org/W7096514387"],"abstract_inverted_index":{"This":[0],"paper":[1],"considers":[2],"the":[3,24,47,59,74],"effects":[4],"of":[5,17,26],"wage":[6,56],"taxes,":[7],"employment":[8,67,84,95],"subsidies":[9,68,79],"and":[10,29,40,50,61,69,82,85,93,96],"unemployment":[11,70,89],"benefits":[12,71,90],"in":[13],"a":[14,37,43],"simple":[15],"model":[16],"equilibrium":[18,63],"search.":[19],"Unemployment":[20],"is":[21],"determined":[22,35],"by":[23,36,42],"equality":[25],"job":[27,30,32],"matchings":[28],"separations,":[31],"vacancies":[33],"are":[34],"zero-profit":[38],"condition":[39],"wages":[41,81,92],"Nash":[44],"bargain":[45],"between":[46],"meeting":[48],"firm":[49],"worker.":[51],"I":[52],"show":[53],"that":[54],"marginal":[55],"taxes":[57],"influence":[58,72],"firm's":[60],"worker's":[62],"sharing":[64],"rule,":[65],"whereas":[66,87],"only":[73],"surplus":[75],"shared.":[76],"Hence,":[77],"tax-financed":[78,88],"reduce":[80,94],"raise":[83,91],"vacancies,":[86],"vacancies.":[97]},"counts_by_year":[{"year":2025,"cited_by_count":2},{"year":2024,"cited_by_count":1},{"year":2023,"cited_by_count":3},{"year":2022,"cited_by_count":3},{"year":2021,"cited_by_count":3},{"year":2020,"cited_by_count":4},{"year":2018,"cited_by_count":3},{"year":2016,"cited_by_count":3},{"year":2015,"cited_by_count":4},{"year":2014,"cited_by_count":3},{"year":2013,"cited_by_count":1},{"year":2012,"cited_by_count":2}],"updated_date":"2026-10-30T12:39:25.321706","created_date":"2016-06-24T00:00:00"}