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the unemployment rate and the adverse labor supply effect of the pandemic is more pronounced than implied by the labor …
Persistent link: https://www.econbiz.de/10012886925
empirical regularities that the conventional matching model cannot. -- Matching ; incentives ; adjustment costs ; unemployment …
Persistent link: https://www.econbiz.de/10003832116
suggest that a more progressive tax schedule reduces the unemployment rate and increases the employment rate. These findings …
Persistent link: https://www.econbiz.de/10010379335
This paper characterizes long-run and short-run optimal fiscal policy in the labor selection framework. In a calibrated non-Ramsey decentralized equilibrium, labor market volatility is inefficient. Keeping fixed the structural parameters, the Ramsey government achieves efficient labor market...
Persistent link: https://www.econbiz.de/10011872840
This paper provides evidence on the behavior of reservation wages over the spell of unemployment using high … to 24 weeks, we find that self‐reported reservation wages decline at a modest rate over the spell of unemployment, with … point estimates ranging from 0.05 to 0.14 percent per week of unemployment. The decline in reservation wages is driven …
Persistent link: https://www.econbiz.de/10010246658
Persistent link: https://www.econbiz.de/10002093504