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Job Turnover, Unemployment and Labor Market Institutions

Gilles, Joseph; Pierrard, Olivier; Sneessens, Henri R. - Institut de Recherche Économique et Sociale (IRES), … - 2003

. We construct an intertemporal general equilibrium model with search unemployment and endogenous job turnover, and examine …

Persistent link: https://www.econbiz.de/10004985118

On the optimality of search matching equilibrium when workers are risk averse

LEHMANN, Etienne; LINDEN, Bruno VAN DER - Institut de Recherche Économique et Sociale (IRES), … - 2002

This papers revisits the normative properties of search-matching economies when workers have concave utility functions … unemployed people freely choose their search effort. Compared to the first case, the optimum is characterized by imperfect … unemployment insurance and lower levels of search intensity and output in the second setting. To decenralize these optima …

Persistent link: https://www.econbiz.de/10004985336

Employment subsidies and substitutable skills : An equilibrium matching approach

Gabriele, CARDULLO; Bruno, VANDERLINDEN - Institut de Recherche Économique et Sociale (IRES), … - 2006

This search-matching model is well suited for an equilibrium evaluation of labor market policies. When those policies …

Persistent link: https://www.econbiz.de/10004984879

Real Business Cycle Theory and the Great Depression : The Abandonment of the Absentionist Viewpoint

Michel, DE VROEY; Luca, PENSIEROSO - Institut de Recherche Économique et Sociale (IRES), … - 2005

Is the Great Depression amenable to real business cycle theory ? In the 1970s and 1980s Lucas and Prescott took an abstentionist stance. They admitted that, because of its exceptional character, an explanation of the Great Depression was beyond the grasp of the equilibrium approach to the...

Persistent link: https://www.econbiz.de/10004984744

Optimal Income Taxation in an Equilibrium Unemployment Model : Mirrlees meets Pissarides

Mathias, HUNGERBUELHER; Etienne, LEHMANN; PARMENTIER, Alexis - Institut de Recherche Économique et Sociale (IRES), … - 2003

This paper characterizes optimal non-linear income taxation in an economy with a continuum of unobservable productivity levels and endogenous involuntary unemployment due to frictions in the labor markets. Redistributive taxation distorts labor demand and wages. Compared to the laissez-faire,...

Persistent link: https://www.econbiz.de/10004985344