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In this paper, I investigate to what extent the cross-country variation in nominal interest rates can be explained as being due to governments' optimal response to economic conditions such as tax collection costs, tax evasion and government consumption needs. In particular, I study the effects...
Persistent link: https://www.econbiz.de/10011397703
Persistent link: https://www.econbiz.de/10002131014
This paper proves that the Mortensen-Pissarides matching theory is nothing but a tautology. They started with an assumption and ended with the same as solution. Their assumption/solution is also at odds with the Beveridge, or the negative vacancy-unemployment relation
Persistent link: https://www.econbiz.de/10012978974
Recent microeconometric studies of taxpayer' responsiveness to taxation have shown that intensive margin labor supply and earnings elasticities typically are modest and sometimes equal to zero. However, a common view is that long-run responses might still be large since micro-estimates are...
Persistent link: https://www.econbiz.de/10009571270
In this paper we develop a discrete model of optimal taxation of married couples and empirically discuss the optimality of income taxation for this group. To this end, we derive the social welfare function which guarantees that joint taxation of married couples is optimal. We will contrast this...
Persistent link: https://www.econbiz.de/10013324796
This paper tests whether aggregate matching is consistent with unemployment being mainly due to search frictions or due to job queues. Using U.K. data and correcting for temporal aggregation bias, estimates of the random matching function are consistent with previous work in this field, but...
Persistent link: https://www.econbiz.de/10013320025
interview, exit rates, and reemployment wages over unemployment duration. We build a directed search model with symmetric … past makes expected productivity fall with unemployment duration, which induces firms to rank applicants by duration. The … callback and exit rates both fall with duration. Furthermore, we conduct a numerical exercise to show that our model can …
Persistent link: https://www.econbiz.de/10012970493
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by comparing the future situation of ("treated") unemployed entering into FTCs after a particular unemployment duration … duration on the selection into the type of contract. Further insights are gained by comparing the determinants of the …
Persistent link: https://www.econbiz.de/10011448679
In this paper we investigate Oswald's hypothesis according to which higher homeownership rates increase aggregate unemployment rates. To this end, we develop a matching model à la Pissarides (2000) in which homeowners are assumed to be less mobile than tenants. Based on numerical simulations,...
Persistent link: https://www.econbiz.de/10010423759