If the vote passes, investors across all income levels will see the Bush tax cuts extended by an additional two years, as well as, a one year reduction to employee SocialSecurity taxes and an extension to unemploymentbenefits.
The public discussion of socialsecurity taxes, unemploymentbenefits, and stimulus takes place in the language of Keynesian multipliers and stimulus counterfactuals.
Mr Oswald finds that in many countries high levels of owner-occupation (and hence a small rental sector) are partly to blame for high rates of unemployment, on top of factors such as over-generous social-security benefitsand high minimum wages.