Percent Public refers to the percent of firms that act as government subsidized "public firms" or as employer of last resort (ELR).
Choices for ELR include 0,5,10,20 and 35. Percent Public:
Check the box if you want to view results from a responsive ELR, meaning unemployment is targeted.
Leave it unchecked for a steady ELR, meaning the government maintains the same size program regardless of unemployment level. Responsive?:
Tax Type refers to the choice of a flat or a progressive tax. Choices are 1 for progressive or 2 for flat. Tax Type(1= progressive 2=flat):
Choose a minimum wage, either 0, 10 or 20.
Minimum Wage: