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implied by wage bargaining. -- Wage Bargaining ; Optimal Control Theory ; Right-to-Manage Model ; Numerical Solutions …
Persistent link: https://www.econbiz.de/10003486199
In recent years, a school of economics called MMT (Modern Monetary Theory) has been attracting attention, but it has …, and that this deficit does not have to be covered by future surpluses; 2) Inflation is caused when the actual budget … deficit exceeds the level necessary and sufficient to maintain full employment. In order to avoid further inflation, it is …
Persistent link: https://www.econbiz.de/10013219848
communicate and coordinate at lower resource cost. The theory delivers full task specialization in the labor and education markets …
Persistent link: https://www.econbiz.de/10009537710
Should automation be regulated? This paper studies optimal tax of robot and regulation of automation. A job assignment model is embedded into a Mirrleesian tax problem. A task may either be assigned to the robot or one type of labors, which naturally determines the automation rate. The robot can...
Persistent link: https://www.econbiz.de/10014259381
communicate and coordinate at lower resource cost. The theory delivers full task specialization in the labor and education markets …
Persistent link: https://www.econbiz.de/10010282273
This paper aims to represent wage bargaining as an optimal control problem. Specifically, by assuming that employment follows a stock adjustment principle towards the level that maximises profits, i.e., towards labour demand, we build an intertemporal optimising model in which the real wage is...
Persistent link: https://www.econbiz.de/10010288725
Persistent link: https://www.econbiz.de/10009571130
Reducing disparities among regions within European countries is the aim of European and national structural policies. In particular, a European grant contributes to the German governmental program for equalizing regional unemployment. The goal is to bring it down to the national average by...
Persistent link: https://www.econbiz.de/10010486795
According to a widely held belief, all who are able to work, should workʺ. We consider this statement within a framework of non-linear taxation. The crucial difference between our model and the standard model is that the government can distinguish between productive persons and the disabled. A...
Persistent link: https://www.econbiz.de/10002203168
Persistent link: https://www.econbiz.de/10001787975