; equilibrium effect ; labor market policy …

We analyze optimal taxation in an economy with monopsonistic labor markets. The individuals, whose only decisions are …

labor only, then asset bubbles displace skilled workers away from the productive sector and raise income and consumption …

Many European labor markets are characterized by heavy employment protection taxes and the widespread use of fixed … unemployment and deteriorates efficiency. Moreover, we argue, that the concentration of firm ownership is likely to influence labor … market regulations. We show that the preferred point of a majority of workers is a very flexible labor market, without any …

In search of a macroeconomic theory of wage determination, the agnostic reader should be puzzled by the apparent … contradiction between two influential theories. On one hand, in the standard search-matching theory with wage bargaining, hiring … cost and constant returns of labor, the bargaining power of employees allows them to get rents and gives rise either to …