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Optimal Provision of Loans and Insurance Against Unemployment from a Lifetime Perspective

Stiglitz, Joseph E. - 2013

In an earlier paper, we showed that integrated individual accounts, allowing individuals to borrow against future pensions when they are unemployed, can be welfare increasing, because it allows increased inter-temporal consumption smoothing without attenuating incentives to search. Here, we...

Persistent link: https://www.econbiz.de/10013081509

Integration of Unemployment Insurance with Retirement Insurance

Stiglitz, Joseph E.; Yun, Jungyoll - 2021

This paper analyzes a social insurance system that integrates unemployment insurance with a pension program through an individual account, allowing workers to borrow against their future wage income to finance consumption during an unemployment episode and thus improving their search incentives...

Persistent link: https://www.econbiz.de/10013246361

Pareto Efficient and Optimal Taxation and the New New Welfare Economics

Stiglitz, Joseph E. - 2021

This paper surveys recent developments in the theory of pareto efficient taxation. This literature attempts to …

Persistent link: https://www.econbiz.de/10013221977

Information and Economic Efficiency

Arnott, Richard J.; Greenwald, Bruce C. N.; Stiglitz, … - 2021

Is an economy with adverse selection, moral hazard, or an incomplete set of risk markets "constrained" Pareto efficient? There are two sets of papers addressing this question, one asserting that, under seemingly quite general conditions, the economy is constrained Pareto efficient, the other (to...

Persistent link: https://www.econbiz.de/10013226995

Pareto Efficient Tax Structures

Brito, Dagobert L.; Hamilton, Jonathan H.; Slutsky, Steven - 2022

Most analyses of optimal income taxation make restrictive technical assumptions on preferences (such as single-crossing) and only derive properties of welfare-maximizing tax schedules. Here, for an economy with any finite numbers of groups and commodities, Pareto efficient tax structures are...

Persistent link: https://www.econbiz.de/10013310145

Young and Out in Germany : On the Youths' Chances of Labor Market Entrance in Germany

Franz, Wolfgang; Inkmann, Joachim; Pohlmeier, Winfried; … - 2021

This paper deals with the labor market entrance of young people in the Federal Republic" of Germany. The main focus is … on failures during this stage. First, an overview of the youth" labor market in Germany is given. Then, the transition …

Persistent link: https://www.econbiz.de/10013222219

German and American Wage and Price Dynamics : Differences and Common Thenes

Franz, Wolfgang; Gordon, Robert J. - 2021

The evolution of unemployment in West Germany and the U. S. stands in sharp contrast, with German unemployment much … big difference berween the two countries is that there is no feedback from wages to prices in Germany, and so high … unemployment does not put downward pressure on the inflation rate. During the 19705 and 19805 in Germany there emerged a growing …

Persistent link: https://www.econbiz.de/10013237265

The Duration of Youth Unemployment in West Germany : Some Theoretical Considerations

Franz, Wolfgang - 2021

This paper presents a theoretical model dealing with the duration of youth unemployment in West Germany. Duration can …

Persistent link: https://www.econbiz.de/10013249173

The Reservation Wage of Unemployed Persons in the Federal Republic of Germany : Theory and Empirical Tests

Franz, Wolfgang - 2021

This study examines the determinants of the reservation wage of unemployed persons in the Federal Republic of Germany …

Persistent link: https://www.econbiz.de/10013249255

Dynamic Optimal Income Taxation with Government Commitment

Brito, Dagobert L. - 2007

The optimal income taxation problem has been extensively studied in one-period models. This paper analyzes optimal income taxation when consumers work for many periods. We also analyze what information, if any, that the government learns about abilities in one period can be used in later periods...

Persistent link: https://www.econbiz.de/10012777113