Showing 41 - 50 of 749,974
This paper characterizes the optimal redistributive tax schedule in a matching unemployment framework where (voluntary …) nonparticipation and (involuntary) unemployment are endogenous. The optimal employment tax rate is given by an inverse employment …. For plausible values of the parameters, our matching environment induces much lower employment tax rates than the usual …
Persistent link: https://www.econbiz.de/10009518227
This paper characterizes the optimal redistributive tax schedule in a matching unemployment framework with endogenous … (voluntary) nonparticipation and (involuntary) unemployment. The optimal employment tax rate is given by an inverse employment … responses. For plausible parameters, our matching environment induces much lower employment tax rates than the usual competitive …
Persistent link: https://www.econbiz.de/10009238583
There is much evidence that relative income concern reduces subjective wellbeing and raises labour supply - "keeping up with the Joneses" (KUJ), while increasing use of social media and growing inequality encourage comparison. Models with one or two agent-types generally miss the policy relevant...
Persistent link: https://www.econbiz.de/10012034986
This paper revisits the normative properties of search-matching economies when homogeneous workers have concave utility … optima, non-linear income taxation is a key complement to unemployment insurance. According to the level of the workers …
Persistent link: https://www.econbiz.de/10005703087
This papers revisits the normative properties of search-matching economies when workers have concave utility functions … unemployment insurance and lower levels of search intensity and output in the second setting. To decenralize these optima …-linear tax schedule and an appropriate level of unemployment benefits. According to the level of the bargaining power, taxation …
Persistent link: https://www.econbiz.de/10004985336
non-market activities. Search-matching frictions on the labor markets create unemployment. Wages, labor demand and …
Persistent link: https://www.econbiz.de/10013316102
dimensions: their skills and their values of non-market activities. Search-matching frictions on the labor markets create … unemployment. Wages, labor demand and participation are endogenous. The government only observes wage levels. Under a Maximin … is increasing, marginal tax rates are positive everywhere, while wages, unemployment rates and participation rates are …
Persistent link: https://www.econbiz.de/10013324812
-sector general quilibrium model featuring matching frictions, heterogenous abilities and an informal sector with tax evasion. The … choice of education is determined endogenously. Job opportunities in an informal sector are available only to workers who … choose not to acquire higher education. We find that increased punishment of informal activities increases the number of …
Persistent link: https://www.econbiz.de/10011575188
levels and endogenous involuntary unemployment due to frictions in the labor markets. Redistributive taxation distorts labor … demand and wages. Compared to their efficient values, gross wages, unemployment and participation are lower. Average tax …
Persistent link: https://www.econbiz.de/10005822583
levels and endogenous involuntary unemployment due to frictions in the labor markets. Redistributive taxation distorts labor … demand and wages. Compared to the laissez-faire, gross wages, unemployment and participation are lower. Average tax rates are …
Persistent link: https://www.econbiz.de/10004985344