TY  - JOUR
AB  - Purpose– The paper seeks to analyse the impact of different public policies on inequality, unemployment, growth and the tax burden.Design/methodology/approach– A dynamic general equilibrium model is built, in which growth is driven by endogenous technical progress, to analyse the impacts of several policies (minimum wage, redistribution and R&D subsidies financed by an income tax).Findings– All policies except pure redistribution are better than non‐intervention in terms of growth. The authors distinguish three major policy patterns. The Anglo‐Saxon model is characterised by high growth, high inequality, low unemployment and a low tax burden. The Nordic model combines high growth, low inequality and low unemployment, and a high tax burden. The Continental European model puts together medium inequality and a medium tax burden, and higher long‐term growth is paid for by high unemployment.Research limitations/implications– The model could be extended by the introduction of educational policy.Originality/value– The paper distinguishes three configurations that capture the main features of the developments in Anglo‐Saxon countries, Scandinavian countries, and Continental European countries in the 1990s. It thereby provides a general framework to analyse and compare these experiences.
VL  - 29
IS  - 3
SN  - 0143-7720
DO  - 10.1108/01437720810878905
UR  - https://doi.org/10.1108/01437720810878905
AU  - Chusseau Nathalie
AU  - Hellier Joël
ED  - Antonio Garofalo
ED  - François Rycx
ED  - Concetto Paolo Vinci
PY  - 2008
Y1  - 2008/01/01
TI  - Social policies and R&D subsidies: Impact on inequality, unemployment, growth and the tax burden
T2  - International Journal of Manpower
PB  - Emerald Group Publishing Limited
SP  - 239
EP  - 262
Y2  - 2024/04/25
ER  -