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We study the incidence of pollution taxes and their impact on unemployment in an analytical general equilibrium … efficiency wage model. We find closed-form solutions for the effect of a pollution tax on unemployment, factor prices, and output …
Persistent link: https://www.econbiz.de/10012482180
therefore, in the unemployment rate. Furthermore, a firm can increase its domestic employment through offshoring. Also, such a …In this paper, in order to study the impact of offshoring on sectoral and economywide rates of unemployment, we … construct a two sector general equilibrium model in which labor is mobile across the two sectors, and unemployment is caused by …
Persistent link: https://www.econbiz.de/10012465504
price uncertainty. The effect on employment, wages, and profits of different realizations of the state of nature is studied …
Persistent link: https://www.econbiz.de/10012476356
This paper analyzes the effects of environmental policy on employment (and unemployment) using a new general …-equilibrium two-sector search model. We find that imposing a pollution tax causes substantial reductions in employment in the … regulated (polluting) industry, but this is offset by increased employment in the unregulated (nonpolluting) sector. Thus the …
Persistent link: https://www.econbiz.de/10012456406
. Using an applied GE model, we find that (A) the gains to Mexico are significant and the effects on the US and Canada are … markets) results in large gains for Mexico as the Mexican industry is forced to rationalize, while losses to the US and Canada …
Persistent link: https://www.econbiz.de/10012475332
states of employment, unemployment, and non-participation. The determinants of actual household transitions are then … investigated using continuous employment histories for a sample of low-income families. Simulations using the estimated transition … functions show that increased unemployment among married men has a sizeable short-run effect on both participation and …
Persistent link: https://www.econbiz.de/10012478409
Over the last century, unemployment, vacancy, job-finding and job-loss rates as well as the Beveridge curve have no … in which unemployment, vacancies, job-finding and job-loss rates are constant while the search technology improves over … the quality of a match is observed before the start of the employment relationship. Under these conditions, improvements …
Persistent link: https://www.econbiz.de/10012453198
This paper examines equilibrium and welfare in a tractable class of economies with externalities, strategic complementarity or substitutability, and incomplete information. In equilibrium, complementarity amplifies aggregate volatility by increasing the sensitivity of actions to public...
Persistent link: https://www.econbiz.de/10012466845
One of the most striking regularities of the growth process is the massive reallocation of labor from agriculture into industry and services. Balanced growth models are commonly used in macroeconomics because they are consistent with the well-known Kaldor facts about economic growth. These...
Persistent link: https://www.econbiz.de/10012472655
We explore monetary policy in a world without fractional reserve banking. In our world, banks are purely transaction institutions. Money is a form of government debt that bears interest, which can be negative as well as positive. Services of money are a factor of production. We show that the...
Persistent link: https://www.econbiz.de/10012456246