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To examine the macro economic effects of government tax and punishment policies, this paper develops a three-sector general quilibrium model featuring matching frictions, heterogenous abilities and an informal sector with tax evasion. The choice of education is determined endogenously. Job...
Persistent link: https://www.econbiz.de/10011575188
This paper is concerned with social interactions and their importance for unemployment. A theoretical model is … specified in which the psychological costs of unemployment depend upon the unemployment level. The analysis reveals social … multiplier effects, and shows that multiple unemployment equilibria may emerge. Data on all 20- to 24-year-olds living in …
Persistent link: https://www.econbiz.de/10011571920
, sector division, unemployment and welfare. …
Persistent link: https://www.econbiz.de/10005419430
While examining the macroeconomic effects of government tax and punishment policies, this paper develops a three-sector general equilibrium model featuring matching frictions and worker-firm wage bargaining. Workers are assumed to differ in ability, and the choice of education is determined...
Persistent link: https://www.econbiz.de/10005419471
market performance and welfare. It is not clear that STWs reduce unemployment as the induced wage push discourages job …
Persistent link: https://www.econbiz.de/10011041878
Welfare benefits in the Nordic countries are often tied to employment. We argue that this is one of the factors behind the success of the Nordic model, where a comprehensive welfare state is associated with high employment. In a general equilibrium setting, the underlining mechanism works...
Persistent link: https://www.econbiz.de/10010611635
incentives as it reduces the attractiveness of remaining a low-educated worker. However, unemployment also increases …
Persistent link: https://www.econbiz.de/10011603362
-tradable sector and features unemployment in general equilibrium. Firms in both sectors use labour and an imported polluting factor of … production ("energy"). A tax on energy, recycled to reduce the payroll tax, will in general affect equilibrium unemployment in …
Persistent link: https://www.econbiz.de/10011608279
educational type with high consumption value and low effort costs. This increases the skill mismatch and aggregate unemployment in …
Persistent link: https://www.econbiz.de/10010270561
actual unemployment. …
Persistent link: https://www.econbiz.de/10010538868