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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

Beyond the Labour Income Tax Wedge: The Unemployment-Reducing Effect of Tax Progressivity

LEHMANN, Etienne; LUCIFORA, Claudio; MORICONI, Simone; … - Institut de Recherche Économique et Sociale (IRES), … - 2013

This paper argues that, for a given overall level of labour income taxation, a more progressive tax schedule reduces the unemployment rate and increases the employment rate. From a theoretical point of view, higher progressivity induces a wage-moderation effect and increases overall employment...

Persistent link: https://www.econbiz.de/10011075075

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

Regional Equilibrium Unemployment Theory at the Age of the Internet

LUTGEN, Vanessa; LINDEN, Bruno VAN DER - Institut de Recherche Économique et Sociale (IRES), … - 2013

there is nowadays much simpler than in the past. Search-matching externalities are amplified by this possibility and by the … expected, increasing matching effectiveness in the other region yields growing regional unemployment rates. We characterize the …

Persistent link: https://www.econbiz.de/10010711713