Kim Swales
Encyclopedia
Kim Swales is a Professor of Economics
at the University of Strathclyde
.
Swales is a graduate of Queens' College, Cambridge
; his main research interests are in regional economics. In 1989 he joined the Fraser of Allander Institute to become a key member in an ESRC-funded project to develop a macro-micro model of the Scottish economy (AMOS).
He has published widely in the field of regional economics, regional modelling and regional policy and until recently was associate editor of Regional Studies and is on the management committee of the ESRC Urban and Regional Study Group.
In particular, he has worked with various novel approaches to helping unemployment such as tax breaks on value-added tax.
Swales is a coauthor of an alternative approach to the minimum wage
submitted to the European Commission
. This provides incentives for a minimum wage without mandating it, by using tax breaks per employee to reduce the value added tax
paid by employers. The report of the team's modelling states that this would not only increase employment levels but also increase GDP, i.e. it would reverse any unemployment and deadweight loss
effects of a mandated minimum wage, acting as a Pigovian subsidy
.
One of his favourite songs that he enjoys dancing to is Hi-Ho Silver Lining by Jeff Beck.
Economics
Economics is the social science that analyzes the production, distribution, and consumption of goods and services. The term economics comes from the Ancient Greek from + , hence "rules of the house"...
at the University of Strathclyde
University of Strathclyde
The University of Strathclyde , Glasgow, Scotland, is Glasgow's second university by age, founded in 1796, and receiving its Royal Charter in 1964 as the UK's first technological university...
.
Swales is a graduate of Queens' College, Cambridge
Queens' College, Cambridge
Queens' College is a constituent college of the University of Cambridge, England.The college was founded in 1448 by Margaret of Anjou , and refounded in 1465 by Elizabeth Woodville...
; his main research interests are in regional economics. In 1989 he joined the Fraser of Allander Institute to become a key member in an ESRC-funded project to develop a macro-micro model of the Scottish economy (AMOS).
He has published widely in the field of regional economics, regional modelling and regional policy and until recently was associate editor of Regional Studies and is on the management committee of the ESRC Urban and Regional Study Group.
In particular, he has worked with various novel approaches to helping unemployment such as tax breaks on value-added tax.
Swales is a coauthor of an alternative approach to the minimum wage
Minimum wage
A minimum wage is the lowest hourly, daily or monthly remuneration that employers may legally pay to workers. Equivalently, it is the lowest wage at which workers may sell their labour. Although minimum wage laws are in effect in a great many jurisdictions, there are differences of opinion about...
submitted to the European Commission
European Commission
The European Commission is the executive body of the European Union. The body is responsible for proposing legislation, implementing decisions, upholding the Union's treaties and the general day-to-day running of the Union....
. This provides incentives for a minimum wage without mandating it, by using tax breaks per employee to reduce the value added tax
Value added tax
A value added tax or value-added tax is a form of consumption tax. From the perspective of the buyer, it is a tax on the purchase price. From that of the seller, it is a tax only on the "value added" to a product, material or service, from an accounting point of view, by this stage of its...
paid by employers. The report of the team's modelling states that this would not only increase employment levels but also increase GDP, i.e. it would reverse any unemployment and deadweight loss
Deadweight loss
In economics, a deadweight loss is a loss of economic efficiency that can occur when equilibrium for a good or service is not Pareto optimal...
effects of a mandated minimum wage, acting as a Pigovian subsidy
Pigovian tax
A Pigovian tax is a tax levied on a market activity that generates negative externalities. The tax is intended to correct the market outcome. In the presence of negative externalities, the social cost of a market activity is not covered by the private cost of the activity...
.
One of his favourite songs that he enjoys dancing to is Hi-Ho Silver Lining by Jeff Beck.