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On the Optimality of Search Matching Equilibrium When Workers Are Risk Averse

van der Linden, Bruno; Lehmann, Etienne - 2004

This paper revisits the normative properties of search-matching economies when homogeneous workers have concave utility … functions and wages are bargained over. The optimal allocation of resources is characterized first when information is perfect … rent when information is perfect. An appropriate positive rent is however needed in the second case. To implement these …

Persistent link: https://www.econbiz.de/10010276945

Optimal Redistributive Taxation in a Search Equilibrium Model

Hungerbühler, Mathias; Lehmann, Etienne; Parmentier, Alexis - 2005

This paper characterizes optimal non-linear income taxation in an economy with a continuum of unobservable productivity levels and endogenous involuntary unemployment due to frictions in the labor markets. Redistributive taxation distorts labor demand and wages. Compared to their efficient...

Persistent link: https://www.econbiz.de/10010276950

A simple theory of optimal redistributive taxation with equilibrium unemployment

Hungerbühler, Mathias; Lehmann, Etienne; Parmentier, Alexis - 2010

We propose a canonical model of optimal nonlinear redistributive taxation with matching unemployment. In our model …

Persistent link: https://www.econbiz.de/10010277029

Search frictions on product and labor markets: money in the matching function

Lehmann, Etienne; van der Linden, Bruno - 2007

This paper builds a macroeconomic model of equilibrium unemployment in which firms persistently face difficulties in selling their production and this affects their decisions to create jobs. Due to search-frictions on the product market, equilibrium unemployment is a U-shaped function of the...

Persistent link: https://www.econbiz.de/10010277003

Credit constraints and the persistence of unemployment

Dromel, Nicolas; Kolakez, Elie; Lehmann, Etienne - 2009

persistence. For this purpose, we first develop a theoretical model based on the equilibrium matching framework of Mortensen and …

Persistent link: https://www.econbiz.de/10010269566