(Download) "Market Imperfections: Public Goods and Externalities (No Infant Left Behind: Public Finance Arguments for Mandated Leave and Income Supports for Parents)" by Public Finance and Management " Book PDF Kindle ePub Free

📘 Read Now     📥 Download

eBook details

• Title: Market Imperfections: Public Goods and Externalities (No Infant Left Behind: Public Finance Arguments for Mandated Leave and Income Supports for Parents)
• Author : Public Finance and Management
• Release Date : January 01, 2005
• Genre: Law,Books,Professional & Technical,
• Pages : * pages
• Size : 288 KB

Description

This section develops the theoretical basis for why firms need to be held accountable for the costs of providing leave, but not necessarily for the costs of providing wage replacement. In any discussion of family leave policy, it is essential to differentiate between leave and wage replacement. The arguments developed below concerning externalities and public goods associated with employer organizational practices do not imply that firms must be responsible for all the costs of wage replacement. Their responsibility for wage replacement should theoretically be limited to their share of paying for the costs associated the public goods component of investment in young children. Externalities. Economists have defined externalities as a potential source of market failure. A standard definition of an activity that generates externalities is provided by Baumol and Blinder (1982):

Download Ebook "Market Imperfections: Public Goods and Externalities (No Infant Left Behind: Public Finance Arguments for Mandated Leave and Income Supports for Parents)" PDF ePub Kindle