market generate unemployment. Workers differ in productivity. The government does not observe workers' productivity but only …

We propose a canonical model of optimal nonlinear redistributive taxation with matching unemployment. In our model … efficient values, at the optimum gross wages and unemployment are lower. Average tax rates are moreover increasing in wages. The …

We derive a sufficient statistics optimal tax formula in a general model that incorporates unemployment and endogenous … resembles a Negative Income Tax than an Earned Income Tax Credit relative to the case where unemployment and wage responses are …

The efficiency of educational choices is studied in a search-matching model where individuals face a tradeoff …: acquiring formal education or learning while on the job. When their education effort is successful, newcomers directly obtain a … and individuals devote too much effort to formal education. A self-financing tax and subsidy policy restores market …

uses parental education as a measure of exogenous circumstances. An empirical microeconometric model of labour supply in …

education wedges in this setting analytically and numerically, using a calibrated example. We present ways to implement the … given out to agents during education. These repayment plans are contingent on loan size and income and capture the history … dependence of the labor wedges. Applying the model to US-data and a binary education decision (graduating from college or not) we …

accumulation. When young, individuals decide on education, saving, and nonqualified labour. When old, individuals supply qualified … if selfish individuals externalize the positive effect of education on descendents' productivity. It is shown to be … second best not to distort education if the human capital investment function is isoelastic. If the function is not …