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EU enlargement, migration and the new constitution
Sinn, Hans-Werner - 2004
The paper deals with the effects of migration resulting from EU Eastern enlargement on the welfare states of Western Europe. Although migration is good in principle, as it yields gains from trade and specialization for all countries involved, it does so only if it meets with flexible labour...
Persistent link: https://www.econbiz.de/10010261112
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On-the-job search and sorting
Gautier, Pieter A.; Teulings, Coen N.; van Vuuren, Aico - 2005
We characterize the equilibrium of a search model with a continuum of job and worker types, wage bargaining, free entry of vacancies and on-the-job search. The decentralized economy with monopsonistic wage setting yields too many vacancies and hence too low unemployment compared to first best....
Persistent link: https://www.econbiz.de/10010261329
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Asymmetric information renders minimum wages less harmful
Schöb, Ronnie; Thum, Marcel - 2009
We show that a minimum wage introduced in the presence of asymmetric information about worker productivities will lead to lower unemployment levels than predicted by the standard labour market model with heterogeneous labour and symmetric information.
Persistent link: https://www.econbiz.de/10010264617
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The welfare state redistribution and the economy : reciprocal altruism, consumer rivalry and second best
van der Ploeg, Frederick - 2004
Democratic countries with substantial inequality and where people believe that success depends on connections and luck induce political support for high tax rates and generous welfare states. Traditional wisdom is that such policies harm the economy, but there is not much evidence that countries...
Persistent link: https://www.econbiz.de/10010261225
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An Adaptive Targeted Field Experiment : Job Search Assistance for Refugees in Jordan
Caria, Stefano - 2020
We introduce a novel methodology for adaptive targeted experiments. Our Tempered Thompson Algorithm balances the goals of maximizing the precision of treatment effect estimates and maximizing the welfare of experimental participants. A hierarchical Bayesian model allows us to adaptively target...
Persistent link: https://www.econbiz.de/10012823564
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Efficiency in family bargaining: living arrangements and caregiving decisions of adult children and disabled elderly parents
Pezzin, Liliana E.; Pollak, Robert A.; Schone, Barbara S. - 2007
In this paper, we use a two-stage bargaining model to analyze the living arrangement of a disabled elderly parent and the assistance provided to the parent by her adult children. The first stage determines the living arrangement: the parent can live in a nursing home, live alone in the...
Persistent link: https://www.econbiz.de/10010264063
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Real options and human capital investment
Jacobs, Bas - 2007
standard human capital model. A flat income tax remains neutral if education expenditures are fully deductible. …
Persistent link: https://www.econbiz.de/10010264119
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Optimal redistributive tax and education policies in general equilibrium
Jacobs, Bas - 2007
income taxes and education subsidies in two-type models with endogenous human capital formation, endogenous labor supply, and …. Linear income taxes are distributionally equivalent to (negative) linear education subsidies, but linear taxes do not distort … unskilled labor supply, optimal redistributive linear income taxes are lowered as the distributional gains of linear taxes are …
Persistent link: https://www.econbiz.de/10010264262
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Is Prescott right?: welfare state policies and the incentives to work, learn and retire
Jacobs, Bas - 2008
This paper bolsters Prescott's (2004) claim that high taxes are responsible for lacklustre labor market performance in continental European countries. We develop a lifecycle model with endogenous skill formation, endogenous labor supply, and endogenous retirement. Labor taxation distorts not...
Persistent link: https://www.econbiz.de/10010264345
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Demographic change and regional labour markets: the case of Eastern Germany
Henschel, Beate; Pohl, Carsten; Thum, Marcel - 2008
Demographic change will be one of the most challenging issues for industrialized economies in the decades to come. In this paper, we focus on the impact of demographic change on labour markets. By setting up a stylized model of a regional labour market, we are able to analyze the interaction of...
Persistent link: https://www.econbiz.de/10010264373