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This paper develops a four-sector equilibrium search and matching model with informal sector employment opportunities … incentives as it reduces the attractiveness of remaining a low-educated worker. However, unemployment also increases …
Persistent link: https://www.econbiz.de/10011524912
Persistent link: https://www.econbiz.de/10003342940
We study the role of cognitive ability for individuals’ tax responsiveness using linked administrative tax and military enlistment registers. Our main finding is that individuals in the top decile of the ability distribution react twice as strong to a large and salient kink point in the...
Persistent link: https://www.econbiz.de/10012800438
matching type by García-Pérez and Osuna (Dual labour markets and the tenure distribution: Reducing severance pay or introducing …
Persistent link: https://www.econbiz.de/10011290858
The author reviews recent studies that investigate how social status concerns influence individual preferences for redistribution and impact the design of optimal tax policies. He focuses on two aspects: the relevant dimension over which relative concerns are defined and the different...
Persistent link: https://www.econbiz.de/10011892338
With capital‐skill complementarity, the secular decline in the price of capital equipment due to equipment‐specific technological progress (ESTP) keeps pushing up the demand for skilled relative to unskilled labor and raising the skill premium. This paper quantitatively characterizes the...
Persistent link: https://www.econbiz.de/10013382065
This paper develops a sufficient-statistic formula for the unemployment gap-the difference between the actual … unemployment rate and the efficient unemployment rate. While lowering unemployment puts more people into work, it forces firms to … post more vacancies and to devote more resources to recruiting. This unemployment-vacancy tradeoff, governed by the …
Persistent link: https://www.econbiz.de/10012800439
unemployment is one explanation. In this paper, we focus on the unemployed’s expectations of being stigmatized (stigma …
Persistent link: https://www.econbiz.de/10012148997
Persistent link: https://www.econbiz.de/10003932926
Efficiency comparison of ad valorem and unit taxes has been traditionally based on consumer welfare. However, if the tax instrument also affects the distribution of firms over their productivities, the policy maker may be concerned about the implications on aggregate productivity as well. This...
Persistent link: https://www.econbiz.de/10012179289