Marcora for Slovenia : what are the fiscal consequences of the much-needed legislative innovation?

Galevska, Elena (author), Marco Juri, Kosta (author), Gonza, Tej (author)

Marcora is a special model for worker buyouts that offers a variety of financial instruments and institutionalized technical assistance for a group of workers that want to continue the company’s operations. During the past 23 years, Marcora proved to be quite effective in decreasing the levels of unemployment. The proposed Marcora legislation for Slovenia suggests upfront payment of six-monthly unemployment benefits to the employees saving the business’ crisis. Comparing this amount with the cost per unemployed person in the absence of the Marcora law, we conclude that having the Marcora law would lead to lower costs, a potential annual raise of tax revenue from corporate taxation, and gains from taxes and contributions paid on wages in the Republic of Slovenia. However, to achieve the expected outcomes, the institutional investors supporting the Marcora must be adequately equipped with the means to provide the required technical, organizational, and financial assistance

• Language: English
• Keywords: Marcora Law, Worker Buyout, Employee Ownership
• Work type: Article
• Typology: 1.01 - Original Scientific Article
• Organization: FDV - Faculty of Social Sciences
• Publication version: Version of Record
• Publication date: 02.05.2022
• Year: 2022
• Number of pages: Str. 31-52
• Numbering: Vol. 6, iss. 1
• PID: 20.500.12556/RUL-142489
• UDC: 331.107
• ISSN on article: 2536-1953
• COBISS.SI-ID: 128943619
• Publication date in RUL: 11.11.2022

Record is a part of a journal

• Title: Review of economics and economic methodology
• Publisher: Društvo gibanja za ekonomsko pluralnost
• ISSN: 2536-1953
• COBISS.SI-ID: 287680768

Licences

• License: CC BY-NC 3.0, Creative Commons Attribution-NonCommercial 3.0 Unported
• Link: http://creativecommons.org/licenses/by-nc/3.0/
• Description: You are free to reproduce and redistribute the material in any medium or format. You are free to remix, transform, and build upon the material. You must give appropriate credit, provide a link to the license, and indicate if changes were made. You may do so in any reasonable manner, but not in any way that suggests the licensor endorses you or your use. You may not use the material for commercial purposes. You may not apply legal terms or technological measures that legally restrict others from doing anything the license permits.

Secondary language

• Language: Slovenian
• Keywords: zakon Marcora, Delavski odkup, Delavsko lastništvo