This paper develops a model with multiple steady states (low tax and unemployment rate versus high tax and unemployment … European unemployment rates observed during the seventies. The explanation given is that even if the unemployment rate would … decrease it can only do so gradually because of matching frictions which in turn implies that the tax burden remains high and …

reßected by an increasing returns to scale matching function, which may imply an indeterminate equilibrium. Hence, the model is … capable to generate business ßuctuations, driven by self-fulÞlling belief, characterised by unemployment persistence. A …

general equilibrium model that integrates a theory of equilibrium unemployment into a monetary model with nominal price …

This dissertation consists of five self-contained research papers on optimal tax and education policy with endogenous … to work. Education subsidies (taxes) are only targeted at off-setting the labor tax distortion by encouraging educational … investment and increasing the effective wage rate thereafter. Moreover, education subsidies are used to internalize a fiscal …

EPL varying among workers of different skills on the level and composition of unemployment, job flows, productivity and …

, immigration, unemployment, equalizing differences, and institutions in the labor market. There is particular emphasis on the …

On the face of it, Austria’s labour market performs very well, which is reflected in one of the lowest unemployment … rates in the EU. However, while many of the euro area members have recently succeeded in reducing unemployment, the Austrian …. In addition the unemployment statistics are distorted by the relatively low labour force participation of older workers …