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 …

four and a half months to find a job. Combining these results, it is demonstrated that reducing the average unemployment … search and matching model of the labor market. All workers, irrespective of their labor force status can commit crimes and … of various labor market and crime policies such as unemployment insurance, hiring subsidies and the duration of jail …

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

labor markets. It also demonstrates that a positive rate of unemployment can exist even in the absence of matching frictions …Agents on the same side of a two-sided matching market (such as the marriage or labor market) compete with each other … generally occur prior to matching, this activity has come to be known in recent literature (Peters, 2007) as pre …