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in geographical mobility, unemployment and labor market institutions. Rational agents vote over unemployment insurance … unemployment, low geographical mobility and high unemployment insurance, and one American steadystate featuring low unemployment …, high mobility and low unemployment insurance. …
Persistent link: https://www.econbiz.de/10011539071
The path breaking work of Card and Krueger (1993), showing higher minimum wage can increase employment turned the age … and we show that higher minimum wage can raise aggregate employment. Expansion in the non-traded sector following a wage …
Persistent link: https://www.econbiz.de/10012162484
In a multi-country general equilibrium economy with mobile capital and rigid-wage unemployment, countries may differ in … conditions under which - in contrast to free trade with undistorted labor markets - welfare declines and unemployment increases … taxation to tax competition. -- capital taxation ; asymmetric tax competition ; rigid wages ; unemployment ; losses from trade …
Persistent link: https://www.econbiz.de/10003887411
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sharing, which results in aggregate unemployment. In this extended model, offshoring furthermore has non-monotonic effects on … unemployment and intra-group inequality among workers. The paper also offers a calibration exercise to quantify the effects of …
Persistent link: https://www.econbiz.de/10009691678
unemployment benefits. In non-competitive labor markets, employment declines if a higher tax burden makes the outside option (i … labor supply and equilibrium unemployment in representative agent models. The impact of tax policy on labor market ….e. unemployment) relatively more attractive. Marginal tax rates typically differ substantially across individuals. To explore the …
Persistent link: https://www.econbiz.de/10011509463
We present an applied general equilibrium modelling approach to analyse employment and unemployment effects of labour … problem of persistent unemployment. …
Persistent link: https://www.econbiz.de/10011450719
Persistent link: https://www.econbiz.de/10003624588
Evidence for the United States suggests balanced growth despite falling investment-good prices and less than unitary elasticity of substitution between capital and labor. This is inconsistent with the Uzawa Growth Theorem. We extend Uzawa.s theorem to show that introducing human capital...
Persistent link: https://www.econbiz.de/10011434429