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Moen, Espen R; Rosén, Åsa - C.E.P.R. Discussion Papers - 2004

from worker self-selection may not be matched by a corresponding social gain. In particular, the equilibrium incentive to …

Persistent link: https://www.econbiz.de/10005123693

Spain is Different: Falling Trends of Inequality

Pijoan-Mas, Josep; Sánchez-Marcos, Virginia - C.E.P.R. Discussion Papers - 2009

labor market, but instead the Spanish family does not seem to have been an important insurance mechanism. Regarding …

Persistent link: https://www.econbiz.de/10008506839

Durable Goods, Borrowing Constraints and Consumption Insurance

Cerletti, Enzo; Pijoan-Mas, Josep - C.E.P.R. Discussion Papers - 2012

conventional measures of insurance based on the response of non-durable consumption to income changes. The sign of this bias … depends critically on the persistence of the shock. We show that households have less insurance against transitory shocks and … more insurance against permanent shocks than commonly measured. We calibrate the model economy to the US in order to …

Persistent link: https://www.econbiz.de/10011084596

Flat Tax Reforms in the US: A Boon for the Income Poor

Díaz-Giménez, Javier; Pijoan-Mas, Josep - C.E.P.R. Discussion Papers - 2006

In this article we quantify the aggregate, distributional and welfare consequences of two revenue neutral flat-tax reforms using a model economy that replicates the U.S. distributions of earnings, income and wealth in very much detail. We find that the less progressive reform brings about a 2.4%...

Persistent link: https://www.econbiz.de/10005662104

Equilibrium Incentive Contracts

Moen, Espen R; Rosén, Åsa - C.E.P.R. Discussion Papers - 2003

We study a labour market in which firms can observe workers’ output but not their effort, and in which a worker’s productivity in a given firm depends on a worker-firm specific component, unobservable for the firm. Firms offer wage contracts that optimally trade off effort and wage costs. As...

Persistent link: https://www.econbiz.de/10005791700

Does Poaching Distort Training?

Moen, Espen R; Rosén, Åsa - C.E.P.R. Discussion Papers - 2002

We analyse the efficiency of the labour market outcome in a competitive search equilibrium model with endogenous …

Persistent link: https://www.econbiz.de/10005661864

Flat Tax Reforms: Investment Expensing and Progressivity

Díaz-Giménez, Javier; Pijoan-Mas, Josep - C.E.P.R. Discussion Papers - 2011

In this article we quantify the aggregate, distributional and welfare consequences of investment expensing and progressivity in flat-tax reforms of the United States economy. We find that investment expensing as in the Hall and Rabushka type of reform brings about sizable output gains and a...

Persistent link: https://www.econbiz.de/10008854542