For the discussion below it is also useful to compute aggregate labour costs and its (nominal) tax revenue:
Important are the average wage W = WT / LE and the average tax rate ATXR = TAX / WT (when we can neglect other nonwage costs).
For the discussion below it is also useful to compute aggregate labour costs and its (nominal) tax revenue:
Important are the average wage W = WT / LE and the average tax rate ATXR = TAX / WT (when we can neglect other nonwage costs).