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The Distributional Consequences of Tax Reforms under Market Distortions

Angelopoulos, Konstantinos; Jiang, Wei; Malley, Jim - CESifo - 2011

In this paper we examine the importance of imperfect competition in product and labour markets in determining the long-run welfare effects of tax reforms assuming agent heterogeneity in capital holdings. Each of these market failures, independently, results in welfare losses for at least a...

Persistent link: https://www.econbiz.de/10009325806

The Optimal Distribution of the Tax Burden over the Business Cycle

Angelopoulos, Konstantinos - 2013

This paper analyses optimal income taxes over the business cycle under a balanced-budget restriction, for low, middle and high income households. A model incorporating capital-skill complementarity in production and differential access to capital and labour markets is developed to capture the...

Persistent link: https://www.econbiz.de/10013072515

Can Subsidising Job-Related Training Reduce Inequality?

Angelopoulos, Konstantinos - 2017

A well-established stylised fact is that employer provided job-related training raises productivity and wages. Using UK data, we further find that job-related training is positively related to subsidies aimed at reducing training costs for employers. We also find that there is a positive, albeit...

Persistent link: https://www.econbiz.de/10012948253

Fiscal Multipliers in a Two-Sector Search and Matching Model

Angelopoulos, Konstantinos - 2015

This paper evaluates the effects of policy interventions on sectoral labour markets and the aggregate economy in a business cycle model with search and matching frictions. We extend the canonical model by including capital-skill complementarity in production, labour markets with skilled and...

Persistent link: https://www.econbiz.de/10013028533

The Optimal Distribution of the Tax Burden over the Business Cycle

Angelopoulos, Konstantinos; Asimakopoulos, Stylianos; … - CESifo - 2013

Persistent link: https://www.econbiz.de/10010711142

Fiscal Multipliers in a Two-Sector Search and Matching Model

Konstantinos, Jiang, Wei Angelopoulos; Malley, Jim - CESifo - 2015

Persistent link: https://www.econbiz.de/10011163069

Changing Identity : Retiring from Unemployment

Hetschko, Clemens - 2011

Using data from the German Socio-Economic Panel from 1984-2009, we follow persons from their working life into their retirement years and find that, on average, employed people maintain their life satisfaction upon retirement, while long-term unemployed people report a substantial increase in...

Persistent link: https://www.econbiz.de/10013121822

Dissatisfied with Life, but Having a Good Day : Time-Use and Well-Being of the Unemployed

Knabe, Andreas - 2009

that unemployment affects life satisfaction and experienced utility differently may be explained by the fact that people do …

Persistent link: https://www.econbiz.de/10012763996

Scarring or Scaring? The Psychological Impact of Past Unemployment and Future Unemployment Risk

Knabe, Andreas - 2008

We reassess the quot;scarringquot; hypothesis by Clark et al. (2001), which states that unemployment experienced in the … scar from past unemployment operates via worsened expectations of becoming unemployed in the future, and that it is future … insecurity that makes people unhappy. Hence, the terminology should be altered by one letter: past unemployment quot …

Persistent link: https://www.econbiz.de/10012768534

Looking Back in Anger? Retirement and Unemployment Scarring

Hetschko, Clemens - 2014

Previous studies find that past unemployment reduces life satisfaction even after reemployment for non-monetary reasons … (unemployment scarring). It is not clear, however, whether this scarring is only caused by employment-related factors, such as …-monetary unemployment scarring for people who were unemployed for the first time in their life directly prior to retirement, but not for …

Persistent link: https://www.econbiz.de/10013053071