Why is unemployment higher for younger individuals? We address this question in a frictional model of the labor market that features learning about occupational fit. In order to learn the occupation in which they are most productive, workers sample occupations over their careers. Because young...

In this paper we explore the implications of tax competition between two jurisdictions in a neoclassical growth model under the assumption of perfect capital mobility. The government of each jurisdiction solves an optimal taxation problem under commitment, treating the other government's...