In this paper, we address the question of optimal wage and income dispersion in a growing economy. If already in the two-persons-case we have to deal with the fact of different marginal products of labor, there are two solutions in principle. Either two different wages are paid (at unanimous...

We argue that this context of post-industrialism and welfare state restructuring affects the values of “labor” with regard to income redistribution and social insurance. Welfare values, i.e. stable preferences with regard to a desired outcome in terms of the distribution of risk and wealth...

This study begins with an overview of the poverty situation in the Philippines. It then takes a brief look at the poor in the rural areas, followed with a discussion of the poor in the informal sector. It then, brings these two sectors together, with an examination of the poor and the...

This study begins with an overview of the poverty situation in the Philippines. It then takes a brief look at the poor in the rural areas, followed with a discussion of the poor in the informal sector. It then, brings these two sectors together, with an examination of the poor and the...

In November 2005, the Hungarian government frontloaded the unemployment benefit path, while kept constant the total benefit amount that could be collected over the unemployment spell. We estimate the effect of this reform on non-employment duration using an interrupted time series design. We...

This paper investigates the distributional and efficiency consequences of an environmental tax reform, when the revenue from the green tax is recycled by varying labor tax rates. We build a general equilibrium model with imperfect heterogeneous labor markets, pollution consumption externalities,...

This paper analyzes an urn-ball matching model in which workers decide how intensively they sample job openings and apply at a stochastic number of suitable vacancies. Equilibrium is not constrained efficient; entry is excessive and search intensity can be too high or too low. Moreover, an...