Showing 1 - 10 of 14,947
This report presents an overlapping-generations model in which (1) pollution is generated as a by-product of capital, and (2) employment is rationed by monopolistic trade unions. We consider an environmental tax reform, consisting of a labor tax cut and the introduction of an environmental tax,...
Persistent link: https://www.econbiz.de/10010949617
Staff Discussion Notes showcase the latest policy-related analysis and research being developed by individual IMF staff and are published to elicit comment and to further debate. These papers are generally brief and written in nontechnical language, and so are aimed at a broad audience...
Persistent link: https://www.econbiz.de/10010790482
unemployment, which we calibrate on EU15 and US data. Labor market imperfections are found to significantly increase the volume of … to investigate how demographic asymmetries may have contributed to unemployment and welfare changes in the recent past …
Persistent link: https://www.econbiz.de/10010938989
We consider a dynamic general equilibrium model with collective wage bargaining and investigate how unemployment … unemployment persistence by its adverse impact on growth, and may even destabilize the adjustment path. If this is the case, a … future fiscal consolidation is needed which further raises unemployment. These results are consistent with empirical evidence …
Persistent link: https://www.econbiz.de/10005083290
We incorporate a wage bargaining structure in a dynamic general equilibrium model and show how this feature changes short and long-run properties of equilibria compared with a perfectly competitive setting. We discuss how employment, capital, and income shares respond to wage setting shocks and...
Persistent link: https://www.econbiz.de/10005083312
unemployment, which we calibrate on EU15 and US data. Labor market imperfections are found to significantly increase the volume of … to investigate how demographic asymmetriesmay have contributed to unemployment and welfare changes in the recent past …
Persistent link: https://www.econbiz.de/10009493505
unemployment, which we calibrate on EU15 and US data. Labor market imperfections are found to significantly increase the volume of … to investigate how demographic asymmetriesmay have contributed to unemployment and welfare changes in the recent past …
Persistent link: https://www.econbiz.de/10009645266
Persistent link: https://www.econbiz.de/10008596138
This paper develops an overlapping-generations model characterized by endogenous growth, unemployment, and pollution … unemployment benefits, and considers a replacement-ratio-neutral reform in whichthe environmental tax is devoted to cutting the … employees' rate of contribution to unemployment insurance. Under this reform, (i) the growth rate is increased, the unemployment …
Persistent link: https://www.econbiz.de/10005764468
constant rate which is the higher, the lower are the labour tax rate and the unemployment rate. Both government Ponzi games and …, an increase in the debt-to-capital ratio is accompanied by higher taxes, a rise in unemployment and lower economic growth. …
Persistent link: https://www.econbiz.de/10004970422