Add to ORKGThis paper introduces search unemployment into an intertemporal maximization model with capital accumulation. It characterizes the decentralized search equilibrium, examines the dynamic effects of factor income taxation and calculates the welfare cost of the taxation. Four tax policies are considered: labor income taxation, capital income taxation, the subsidy to job search and the subsidy to hiring. It is found that the dynamic effects and welfare costs of these policies are quite different from the standard model without unemployment. The differences illustrate the importance of the labor market frictions.
A new model of wage dispersion is used to examine welfare aspects of income taxation. The model reta...
We explore the effects of taxes and subsidies on job creation, job destruction, employment, and wage...
This paper characterizes optimal non-linear income taxation in an economy with a continuum of unobse...
This paper characterizes a dynamic search equilibrium with capital accumulation and examines the dyn...
This paper integrates the search model of unemployment into an intertemporal framework and examines ...
In this paper I study the nature of optimal factor income taxation in a neoclassical growth model wh...
Conventional models of equilibrium unemployment typically imply that proportional taxes on labor ear...
The paper extends the basic Stiglitz (1982) model of optimal income taxation into general search equ...
Conventional models of equilibrium unemployment typically imply that proportional taxes on labor ear...
This paper studies the implications of unemployment for the optimal design of the tax-benefit system...
We study the macroeconomic and welfare effects of a tax-subsidy scheme on labour in a model with sea...
This paper characterizes the optimal level of unemployment benefits in a job-matching framework with...
The paper extends the basic Stiglitz (1982) model of optimal in-come taxation into general search eq...
A crucial feature of the short-run perspective in many policy-relevant issues is the existence of un...
This paper characterizes optimal non-linear income taxation in an economy with a continuum of unobse...
A new model of wage dispersion is used to examine welfare aspects of income taxation. The model reta...
We explore the effects of taxes and subsidies on job creation, job destruction, employment, and wage...
This paper characterizes optimal non-linear income taxation in an economy with a continuum of unobse...
This paper characterizes a dynamic search equilibrium with capital accumulation and examines the dyn...
This paper integrates the search model of unemployment into an intertemporal framework and examines ...
In this paper I study the nature of optimal factor income taxation in a neoclassical growth model wh...
Conventional models of equilibrium unemployment typically imply that proportional taxes on labor ear...
The paper extends the basic Stiglitz (1982) model of optimal income taxation into general search equ...
Conventional models of equilibrium unemployment typically imply that proportional taxes on labor ear...
This paper studies the implications of unemployment for the optimal design of the tax-benefit system...
We study the macroeconomic and welfare effects of a tax-subsidy scheme on labour in a model with sea...
This paper characterizes the optimal level of unemployment benefits in a job-matching framework with...
The paper extends the basic Stiglitz (1982) model of optimal in-come taxation into general search eq...
A crucial feature of the short-run perspective in many policy-relevant issues is the existence of un...
This paper characterizes optimal non-linear income taxation in an economy with a continuum of unobse...
A new model of wage dispersion is used to examine welfare aspects of income taxation. The model reta...
We explore the effects of taxes and subsidies on job creation, job destruction, employment, and wage...
This paper characterizes optimal non-linear income taxation in an economy with a continuum of unobse...