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We evaluate a temporary public sector employment program targeted at individuals with weak labor market attachment, applying dynamic inverse probability weighting to account for dynamic selection. We show that the program is successful in increasing employment and reducing social assistance....
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This paper shows that a transaction tax makes trades in decentralized markets more information sensitive and enlarges the range of information costs for which the equilibrium exhibits private information acquisition and endogenous adverse selection. A transaction tax reduces the probability of...
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We study the impact of a fully-funded social security system in an economy with heterogeneous consumers. The unobservability of individual health conditions leads to adverse selection in the private annuity market. Introducing social security - which is immune to adverse selection - affects...
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This paper analyzes optimal nonlinear income and inheritance taxation by incorporating two types of models that were … information environment we characterize optimal income and inheritance taxation. This paper shows that, contrary to the general … perception that inheritance taxation should be progressive to some extent, the expected tax liability of those who have a higher …
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