We compare the welfare costs of tax distortions of labour supply in one and two member household discrete and … uncompensated labour supply elasticities in discrete and continuous models. The welfare costs of similar taxes are significantly …

heterogeneous welfare effects of labor market integration. Whereas individuals without residential property lose from immigration …

heterogeneous welfare effects of labor market integration. Whereas individuals without residential property lose from immigration …

relational contracts, firms' profitability and consumers' welfare decrease. In contrast, a higher level of trust unambiguously …

improve the business conditions in one country have negative productivity and welfare effects on the trading partner. Second …

welfare than these other regimes. …

What is the role of contracting schemes for the welfare costs of nominal rigidities over the business cycle? We examine … Calvo (1983) wage and price contracts may deliver welfare costs that are 3-4 times higher than Taylor (1980) contracts … adopting the Mankiw and Reis (2002) sticky information scheme for the welfare costs of nominal rigidities. …

interestingly social welfare is reduced by RPM (at least locally) exactly under those circumstances where RPM induces higher service … (and price). Hence, welfare decreases exactly in the case which was frequently presented for the justification of RPM to …

alternative that leads to positive labour supply and significantly positive welfare effects. Both labour supply and static welfare … reforms to invade the grown-up welfare states of "Old Europe". …