cost of capital for investments in jobs. Third, making shareholders the ultimate owner of the firm provides the best …

of capital for investments in jobs, which harms the position of job seekers, including new entrants to the labour market …

This Paper explores the optimal interaction between the tax system and unemployment compensation in insuring people … against the risks of involuntary unemployment and low ability. To that end, we introduce search unemployment in a model of … and the unemployment benefit) increases if, for efficient agents, the participation constraint (governing job search …

In order to explore the optimal taxation of low-skilled labour, we extend the standard model of optimal non …-linear income taxation in the presence of quasi-linear preferences in leisure by allowing for in-voluntary unemployment, job search …, an exogenous welfare benefit, and a non-utilitarian social welfare function. In trading of more low-skilled employment …

factor substitution between labour and polluting resources, a shift towards greener preferences boosts employment if labour … policy and involuntary unemployment are derived within a second-best framework in which lump-sum taxes and subsidies are not … available and labour supply is rationed due to a rigid consumer wage. In the absence of factor substitution more environmental …

This Paper explores the optimal role of the tax system in alleviating labour-market imperfections and raising revenue …. For this purpose, the standard search model of the labour market is extended by introducing scarce entrepreneurial talent … tax system should not distort labour-market tightness. …