Only a small fraction of retail trade companies opted to pay newly hired workers under the age of 25 subminimum wages, after policy change. This finding suggests that prevailing wage norms significantly influence firms’ wage setting.
New information has been discovered about the long-term development in intelligence, or the Flynn effect. Changes in health and nutrition alone do not explain the changes in intelligence; they are also explained by changes in skills valued in the labour market at any given time, posits the doctoral dissertation of Miika Päällysaho, Senior Researcher at VATT.
Tuulia Hakola-Uusitalo, acting Director General and Research Director of VATT, has been appointed to the Swedish Fiscal Policy Council from 5 September 2024 to 30 June 2027.
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Finland is determined to invest in RDI – research, development and innovation – even in difficult economic times. What would be the most effective way to spend the growing RDI investments? This question will be answered by a number of economists from Finland and abroad at VATT Day on Thursday 19 September 2024.
An experiment based on a new type of agreement model had a positive long-term impact on the employment, confirmed income and the amount of taxes paid by immigrants participating in the experiment. According to the interviews conducted in connection with a recent evaluation, the close contacts between employers and employment-promoting services were particularly useful.
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The Ministry of Finance has appointed Jenni Jaakkola, D.Sc. (Econ.), as Secretary General of the Finnish Economic Policy Council for the period of 1 September 2024 – 31 December 2025. During Jaakkola’s term, the Council’s role and division of labour with other actors will be examined further.
Since the early 2000s, the value of being extrovert has increased in the labour market. "Conscientiousness and education are still valued, but there is also new emphasis being placed on extroversion including sociability, activity and energy," says Ramin Izadi, a Senior Researcher at VATT Institute for Economic Research. The information comes from a new study, Evolving Returns to Personality, which has recently been peer-reviewed and accepted for publication in the prestigious Journal of Labor Economics.
The Trans-Atlantic Public Economics Seminar (TAPES) brought together leading economists in the field of tax and income transfer systems to Helsinki on June 12-14, 2024.
Following a tax audit, firms immediately report more taxable profit, and the reported profits also remain higher for at least five years after the audit. These changes in firms’ reporting behaviour explain one third of the tax revenue generated by tax audits.
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