Denmark has high marginal tax rates and offers its citizens generous unemployment benefits and other welfare payments.

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Denmark has high marginal tax rates and offers its citizens generous unemployment benefits and other welfare payments. While the unemployment rate in Denmark is relatively low, the proportion of people who are not in the labor force is quite high. After accounting for factors like the average age of the population, what else do you think could explain this?
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Microeconomics

ISBN: 978-1292079578

Global Edition 1st Edition

Authors: David Laibson, John List

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