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optima, non-linear income taxation is a key complement to unemployment insurance. According to the level of the workers …
Persistent link: https://www.econbiz.de/10010276945
levels and endogenous involuntary unemployment due to frictions in the labor markets. Redistributive taxation distorts labor … demand and wages. Compared to their efficient values, gross wages, unemployment and participation are lower. Average tax …
Persistent link: https://www.econbiz.de/10010276950
We propose a canonical model of optimal nonlinear redistributive taxation with matching unemployment. In our model … efficient values, at the optimum gross wages and unemployment are lower. Average tax rates are moreover increasing in wages. The …
Persistent link: https://www.econbiz.de/10010277029
non-market activities. Search-matching frictions on the labor markets create unemployment. Wages, labor demand and …
Persistent link: https://www.econbiz.de/10010277043
In the standard New Keynesian sticky price model the central bank faces no contradiction between the stabilization of inflation and the stabilization of the welfare relevant output gap after a productivity shock hits the economy. When the standard model is enhanced by real wage rigidities or...
Persistent link: https://www.econbiz.de/10010277953
. We use a New Keynesian model with unemployment to predict the effects of different labor market institutions on … theory. While labor market institutions have a large effect on output volatility, they do not seem to have much of an effect …
Persistent link: https://www.econbiz.de/10010277963
cycles. Economic Theory, 12(3):583-597]. The aim of this article is to show that financing constraints can substantially …
Persistent link: https://www.econbiz.de/10010281475
and real wage rigidities. In our analysis, we focus on the differentials in inflation and unemployment between countries … inflation and unemployment differentials. Second, we find that asymmetries in labor market structures tend to increase the … volatility of both inflation and unemployment differentials. Finally, we show that it is important to take into account the …
Persistent link: https://www.econbiz.de/10010282566
This paper identifies a data-consistent, equilibrium model of unemployment, wage dispersion, quit turnover and firm … firm growth rates depend on firm productivity but not on firm size. Aggregate unemployment evolves endogenously …
Persistent link: https://www.econbiz.de/10010288937
The relationships among geographical mobility, unemployment and the value of owner-occupied housing are studied in an … equilibrium, unemployment rates for home-owners are higher than for otherwise identical renters. Unemployment and home … more mobile than owners, the impact of home-ownership on aggregate unemployment is quantitatively small. …
Persistent link: https://www.econbiz.de/10010290316