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 …

cycle, of several dimensions of economic inequality, including wages, labor earnings, income, consumption, and wealth. After … distribution. Consumption inequality increased less than disposable income inequality, and tracked the latter much more closely at …

This Paper uses panel data on household consumption and income to evaluate the degree of insurance to income shocks …. Our aim is to describe the transmission of income inequality into consumption inequality. Our framework nests the special …-sectional distribution of consumption growth, and analyse the way these two measures of household welfare correlate over time. We combine …

In this paper we examine the link between wage inequality and consumption inequality using a life cycle model that … incorporates household consumption and family labor supply decisions. We derive analytical expressions based on approximations for … the dynamics of consumption, hours, and earnings of two earners in the presence of correlated wage shocks, non …

partial equilibrium life-cycle model of consumption and labour supply to analyse the choices individuals make in the light of … unemployment insurance which provides (partial) insurance against employment risk and no insurance against persistent shocks. … productivity risk from employment risk and identify the components of each using the Survey of Income and Program Participation and …

earnings and the probability of employment in a very simple and parsimonious way. Based on the responses, we estimate the …

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 …