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What is Unemployment Trap

Chapter 8
Bridging Microeconomics and Macroeconomics and the Effects on Economic Development and Growth
This arise in the case of generous benefits and assistance programs for the unemployed, on the one hand, and heavy taxation for the low-paid, on the other. In these cases, there is very little difference between income from work and income of the unemployed, which reduces the motivation to participate in the labor market.
Published in Chapter:
Personal Income Taxation and Its Effects on Economic Development and Growth
Bistra Svetlozarova Nikolova (University of Economics, Varna, Bulgaria)
Copyright: © 2021 |Pages: 25
DOI: 10.4018/978-1-7998-4933-9.ch008
Abstract
This chapter reviews traditional and contemporary concepts of income taxation and their effects on economic development and growth. The author focuses on discussion issues related to the contemporary concepts of income taxation. The author also considers modern functions of personal income taxes relating to environmental protection and income inequality mitigation. Additionally, the author studies the potential of personal income taxation to apply as an instrument for maintaining sustainable economic development and social stability. This chapter analyzes the effects of progressive and proportional personal income taxation on economic development and growth. It presents a technological model of inspections and audits with the aim of improving the tax and social security control of individuals.
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