Those of you without the time or inclination to read the paper can read a summary of the argument here.
Month: November 2009
Fine Gael’s PRSI reduction proposal is linked here
“As part of their ongoing commitment to focus on job protection and creation Fine Gael have announced plans to reduce the upper rate of employer’s PRSI by 20% and the lower rate of employer’s PRSI by 50% as part of a €900m pro jobs tax cut for December’s budget. The proposal, which will benefit 175,000 employers and their 1.7m employees, was announced in the Dáil today by the Fine Gael Deputy Leader and Spokesman on Finance Richard Bruton T.D. The €900m tax cut for jobs plan will be financed by the broadening of the tax base to include a carbon tax (480m), a windfall levy on power generators (200m) and the abolition of the PRSI allowance and the ceiling on employees PRSI (470m) while contributing €250m to deficit reduction.”
Also, a simplified explanation of the job sharing incentive scheme referenced by Krugman is available from the author Dean Baker of CEPR in Washington here
Last Saturday, I gave a short presentation to a meeting of Labour Party members on the subject of The Banks After NAMA. Here are the slides from the presentation.
I presume that this story is not true. To set a salary cap for Irish bank officials that was binding enough to deter outside candidates, and then ignore the salary cap when it came to inside candidates, would make the Government look pretty silly.
It can’t be right, can it?
Alberto Alesina and Silvia Ardagna have a new research paper on this topic: you can download it here.