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money growth leads to higher inflation and higher unemployment, so the long-run Phillips curve is not vertical. The optimal … monetary growth rate decreases with the workers' bargaining power, the level of unemployment benefits and the payroll tax rate …. -- inflation ; unemployment ; search-matching ; Friedman rule …
Persistent link: https://www.econbiz.de/10003344604
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
because minimum wage increases unemployment, hence the marginal cost of redistribution is higher which gives a pretext for … high skilled workers to moderate low skilled workers claim for income redistribution. -- unemployment ; political economics …
Persistent link: https://www.econbiz.de/10002764234
with less perverse effect on unemployment. Time inconsistency is more likely due to lack of credibility than to the short … between government and social partners. -- unemployment ; inequality ; wage rigidity ; time inconsistency …
Persistent link: https://www.econbiz.de/10003316484
We propose a canonical model of optimal nonlinear redistributive taxation with matching unemployment. In our model … efficient values, at the optimum gross wages and unemployment are lower. Average tax rates are moreover increasing in wages. The … robustness of these properties is also discussed. -- Optimal income taxation ; unemployment ; matching …
Persistent link: https://www.econbiz.de/10003944297
Persistent link: https://www.econbiz.de/10002093504