mobility, this opposing migration effect completely outweighs the pooling effect, and the insurance is no longer inefficient …

partially mobile across the member states of the state union, which gives rise to distortive migration incentives. If …. The central government generally cannot provide the second-best unemployment insurance as long as migration is costly. In …

partially mobile across the member states of the state union, which gives rise to distortive migration incentives. If …. The central government generally cannot provide full unemployment insurance as long as migration is costly. In contrast …

scope of inefficient migration. This positive welfare effect may significantly reduce abatement costs of pollution and calls … for higher environmental tax, as compared with a model where migration is assumed away. …

We propose a theory of tax centralization in politico-economic equilibrium. Taxation has dynamic general equilibrium … spending and taxation and create a role for inter governmental grants. The model provides an explanation for the centralization …