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The "robot economy" and optimal taxtransfer reforms
Colombino, Ugo; Islam, Nizamul - 2022
Globalization and automation might imply deep changes on the labour market. An important policy issue is whether and how the tax-transfer rules should be reformed to cope with those changes. While the prevailing response has consisted of more sophisticated designs of mean-testing and targeting,...
Persistent link: https://www.econbiz.de/10013172847
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Optimal tax-transfer rules under equilibrium and new labour demand scenarios
Colombino, Ugo; Islam, Nizamul - 2020
We present an extension of the numerical approach to empirical optimal taxation allowed by a peculiar structure of a microeconometric model of labour supply that includes a representation of the demand side. This makes it possible to identify optimal tax-transfer rules while accounting for...
Persistent link: https://www.econbiz.de/10012257440
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Employment effects of welfare reforms : evidence from a dynamic structural life-cycle model
Haan, Peter (contributor); Prowse, Victoria (contributor);  … - 2008
rationing risk that might prevent individuals from realizing their optimal labor supply state, resulting in involuntary …
Persistent link: https://www.econbiz.de/10003716521
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Uncertainty shocks and unemployment dynamics
Kandoussi, Malak; Langot, François - 2020
Recent events suggest that uncertainty changes play a major role in U.S. labor market fluctuations. This study analyzes the impact of uncertainty shocks on unemployment dynamics. Using a vector autoregression approach, we show that uncertainty shocks measured by stock market volatility have a...
Persistent link: https://www.econbiz.de/10012243477
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Risk sharing and real exchange rates : the role of non-tradable sector and trend shocks
Akkoyun, Hüseyin Çağrı; Arslan, Yavuz; Kılınç, … - 2017
Persistent link: https://www.econbiz.de/10011613499
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Wage risk, employment risk and the rise in wage inequality
Mecikovsky, Ariel Matias; Wellschmied, Felix - 2016
We estimate the changes in US male labor market risk over the last three decades in a model of endogenous labor supply … a life-cycle model with search frictions, we show that the estimated changes in risk can account for 85 percent of the … increase in within group wage inequality. The welfare costs of rising risk are small. …
Persistent link: https://www.econbiz.de/10011595910
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Risk endogeneity at the lender/investor-of-last-resort
Caballero, Diego; Lucas, André; Schwaab, Bernd; Zhang, Xin - 2019
Persistent link: https://www.econbiz.de/10011981369
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Interest rate hysteresis in macroeconomic investment under uncertainty
Belke, Ansgar; Göcke, Matthias - 2019
The interest rate is generally considered as an important driver of macroeconomic investment. As an innovation, this paper derives the exact shape of the "hysteretic" impact of changes in the interest rate on macroeconomic investment under the scenarios of both certainty and uncertainty. We...
Persistent link: https://www.econbiz.de/10012099522
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Firm dynamics with frictional product and labor markets
Kaas, Leo; Kimasa, Bihemo - 2018
shocks to the first and second moments of idiosyncratic risk on macroeconomic outcomes. An increase in demand uncertainty …
Persistent link: https://www.econbiz.de/10011896893
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International integration, risk and the welfare state
Andersen, Torben M. - 2002
How does international integration affect the welfare state? Does it call for a leaner or an expanded welfare state? International integration may affect the distortions caused by welfare state activities but also the risks motivating social insurance mechanisms. This paper addresses these...
Persistent link: https://www.econbiz.de/10011406889