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Striking a Balance : Optimal Tax Policy with Labor Market Duality
Mbara, Gilbert - 2020
This paper develops a dynamic general equilibrium model where employers may avoid making social security contributions by offering some workers "secondary contracts". When calibrated using aggregate tax revenue data, the model delivers estimates of secondary "off the books" employment that are...
Persistent link: https://www.econbiz.de/10012824425
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Optimal Wage Redistribution in the Presence of Adverse Selection in the Labor Market
Bastani, Spencer - 2015
In this paper we allude to a novel role played by the non-linear income tax system in the presence of adverse selection in the labor market due to asymmetric information between workers and firms. We show that an appropriate choice of the tax schedule enables the government to affect the wage...
Persistent link: https://www.econbiz.de/10013016339
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Optimal Taxation and Monopsonistic Labor Market : Does Monopsony Justify the Minimum Wage?
Cahuc, Pierre; Laroque, Guy - 2021
We analyze optimal taxation in an economy with monopsonistic labor markets. The individuals, whose only decisions are whether to work, or not, have heterogeneous productivities and opportunity costs of work. Given its preferences for redistribution, the government, which does not observe the...
Persistent link: https://www.econbiz.de/10013316879
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Uncertainty, Redistribution, and the Labor Market
Mulligan, Casey B. - 2013
shows that small to medium-sized increases in uncertainty or risk aversion are enough to recommend an expansion of the …
Persistent link: https://www.econbiz.de/10013074281
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Labour Market Status and Migration Dynamics
Bijwaard, Govert E. - 2009
In this empirical paper we assess how labour market transitions and out- and repeated migration of immigrants are interrelated. We estimate a multi-state multiple spell competing risks model with four states: employed, unemployed receiving benefits, out-of-the-labour market (no benefits) and...
Persistent link: https://www.econbiz.de/10013154986
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Implications of Labor Market Frictions for Risk Aversion and Risk Premia
Swanson, Eric T. - 2019
household's attitudes toward risk, as shown in Swanson (2012). In this paper, I analyze how frictional labor markets affect that … analysis. Household risk aversion (as measured by willingness to pay to avoid a wealth shock) is higher: 1) in countries with … in Europe are large enough to play a substantial contributing role to risk aversion in those countries. Nevertheless …
Persistent link: https://www.econbiz.de/10012871945
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Taxation and Redistribution of Residual Income Inequality
Golosov, Mikhail - 2012
unemployment benefit serves the purpose of lowering the search risk faced by workers. The increasing and regressive labor tax …
Persistent link: https://www.econbiz.de/10013105002
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Optimal Minimum Wage Policy in Competitive Labor Markets
Lee, David - 2010
This paper provides a theoretical analysis of optimal minimum wage policy in a perfectly competitive labor market. We show that a binding minimum wage -- while leading to unemployment -- is nevertheless desirable if the government values redistribution toward low wage workers and if unemployment...
Persistent link: https://www.econbiz.de/10012758403
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Understanding the Labour Market for Older Workers : A Survey
Heywood, John S. - 2009
The paper asks why retirement can be so abrupt in countries such as France (½% of the workforce over 65), yet staged in Japan (8% over 65). We find part of the answer in tax laws that prevent people working and receiving a pension, and make little allowance for fair pension increases if...
Persistent link: https://www.econbiz.de/10012764652
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Career Progression and Formal Versus On-the-Job Training
Adda, Jerome; Dustmann, Christian; Meghir, Costas; … - 2021
We develop a dynamic discrete choice model of training choice, employment and wage growth, allowing for job mobility, in a world where wages depend on firm-worker matches, as well as experience and tenure and jobs take time to locate. We estimate this model on a large administrative panel data...
Persistent link: https://www.econbiz.de/10013317470