This paper presents the case for tax progressivity based on recent results in optimal tax theory. We consider the optimal progressivity of earnings taxation and whether capital income should be taxed. We critically discuss the academic research on these topics and when and how the results can be...

Marktintransparenz und deren Bedeutung für die Preisbildung auf Märkten wurden in der Ökonomie lange Zeit vernachlässigt. Die für ihre Search-and-Matching-Theorie geehrten Wirtschaftswissenschaftler haben maßgeblich dazu beigetragen, dieses Manko zu überwinden. In ihren Arbeiten zeigen...

This note puts the current shift in the Beveridge curve into context by examining the behavior of the curve since 1950. Outward shifts in the Beveridge curve have been common occurrences during U.S. recoveries. By itself, the presence of a shift has not been a good predictor of whether the...