Underground Economy -- 7 Insiders, Outsiders, and the Underground Economy -- 8 Wages, Unemployment, and the Underground Economy …

labor supply and equilibrium unemployment in representative agent models. The impact of tax policy on labor market … unemployment benefits. In non-competitive labor markets, employment declines if a higher tax burden makes the outside option (i ….e. unemployment) relatively more attractive. Marginal tax rates typically differ substantially across individuals. To explore the …

In this paper, we develop heterogeneous agent models with equilibrium unemployment to study the optimal taxation and …

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 …

unemployed do not directly compete with employed job seekers. -- on-the-job search ; unemployment ; job competition ; employment …

changes in labor taxes affect employment, unemployment, and inactivity rates in the European Union. The descriptive empirical …