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minimum-wage increase raises involuntary unemployment, but also raises skill formation as some individuals avoid unemployment … skill formation outweigh both the public revenue losses from additional unemployment and the utility losses of inefficient … the revenue losses from higher unemployment. We write this condition in terms of measurable sufficient statistics. Our …
Persistent link: https://www.econbiz.de/10011563071
social preferences for the lowest-wage workers are relatively strong and the wage elasticity of labor demand relatively small. …
Persistent link: https://www.econbiz.de/10014390442
concave tax schedule raises the elasticity of labor supply, which boosts wages. Consequently, optimal marginal tax rates for …
Persistent link: https://www.econbiz.de/10012595290
China's Industrial Transfer Policy (ITP) is a novel place-based development policy of unprecedented scale. The policy targets a set of inland cities aiming to i) grow them in size and ii) restructure them into manufacturing hubs. These cities would eventually relieve pressure in China's coastal...
Persistent link: https://www.econbiz.de/10014505370
We simulate the effect of the introduction of premium differentiation (experience rating) in the Dutch Unemployment …
Persistent link: https://www.econbiz.de/10011303318
Persistent link: https://www.econbiz.de/10001430014
We analyze the impact of unemployment benefits and minimum wagesusing an equilibrium search model which allows for … dispersion ofbenefits and productivity levels, job-to-job transitions, andstructural and frictional unemployment. The estimation … levels.Different causes of structural and frictional unemployment areinvestigated. We investigate the efficiency of the …
Persistent link: https://www.econbiz.de/10011302621
context of an unemployment insurance scheme for self-employed, wherewe estimate how much of the transition probability to … unemployment can be causally attributedto being insured. To disentangle moral hazard from adverse selection we use an institutional … featureof the Danish unemployment system that provides an additional motive to choose insurance(an early retirement option). We …
Persistent link: https://www.econbiz.de/10011376618
between high wages and low unemployment risk. A higher marginal tax rate shifts the trade-off in favor of low unemployment … risk, whereas a higher tax burden or unemployment benefit has the opposite effect. Changes in unemployment generate fiscal … and that the provision of unemployment insurance justifies a positive marginal tax rate even without income heterogeneity …
Persistent link: https://www.econbiz.de/10012591516
We study the existence of a profitable unemployment insurance market in a dynamic economy with adverse selection … job losses matters. In contrast to conventional wisdom, we find that private unemployment insurance in the US can be … profitable for a relatively short exclusion length of one year. To stimulate the emergence of a private unemployment insurance …
Persistent link: https://www.econbiz.de/10012545133