suggest that a more progressive tax schedule reduces the unemployment rate and increases the employment rate. These findings …

stamps which partially insure productivity risk is greater than the value of unemployment insurance which provides (partial …) insurance against employment risk and no insurance against persistent shocks. -- Uncertainty ; life-cycle models ; unemployment …

levels and endogenous involuntary unemployment due to frictions in the labor markets. Redistributive taxation distorts labor … demand and wages. Compared to their efficient values, gross wages, unemployment and participation are lower. Average tax …