This paper reviews a new framework for analyzing the interrelationship between inequality, unemployment, labor market …. It implies that the opening of trade may raise inequality and unemployment, but always raises welfare. Unilateral … reductions in labor market frictions increase a country's welfare, can raise or reduce its unemployment rate, yet always hurt the …

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

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

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 …

labor market frictions and worker heterogeneity provides a framework for studying the impact of trade on unemployment and …

competition, search and matching in its labor market, and wage bargaining. Some of the workers searching for jobs end up being … unemployed. Countries are similar except for frictions in their labor markets, which include efficiency of matching, cost of … vacancies, firing costs, and unemployment benefits. We study the interaction of labor market rigidities and trade impediments in …

inequality and raises unemployment, but expected welfare gains are ensured if workers are risk neutral. And while wage inequality …

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 …

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 …