This paper examines the steady state and transition effects of converting from a graduated income tax to a graduated consumption tax. The authors' simulation results suggest that considerable dynamic efficiency gains could be achieved by switching to a graduated consumption tax, where all saving...

Unemployment is an established predictor of psychological distress. Despite this robust relationship, the long-term impact of unemployment on human welfare has been examined in relatively few studies. In this investigation we test the association between the life-time duration of unemployment...