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How changes in financial incentives affect the duration of unemployment

Lalive, Rafael; Ours, Jan C. van; Zweimüller, Josef - 2004

This paper studies how changes in the two key parameters of unemployment insurance the benefit replacement rate (RR …) and the potential duration of benefits (PBD) affect the duration of unemployment. In 1989, the Austrian government made … unemployment insurance more generous by changing, simultaneously, the maximum duration of regular unemployment benefits and the …

Persistent link: https://www.econbiz.de/10002464276

Has the Dutch miracle come to an end?

Ours, Jan C. van - 2003

In the past decades unemployment in the Netherlands has gone down substantially. The main suspects responsible for this … unemployment rate in the Netherlands has increased somewhat. However, since the huge decline in unemployment was due to structural … improvements in the functioning of the labor market there is not a lot of reason to worry about the recent rise in unemployment …

Persistent link: https://www.econbiz.de/10001754941

A general approach to the stochastic rotation problem with amenity valuation

Alvarez, Luis H. R.; Koskela, Erkki - 2003

This paper presents a new approach to study the optimal rotation policy with amenity valuation under uncertainty. We first postulate the stochastic forest value and assume plausibly that monetary value of amenities is a continuous and non-negative function of forest value thus presenting the...

Persistent link: https://www.econbiz.de/10001737592

On the tree-cutting problem under interest rate and forest value uncertainty

Alvarez, Luis H. R.; Koskela, Erkki - 2003 - February 2003

The current literature on optimal forest rotation makes the unrealistic assumption of constant interest rate though harvesting decisions of forest stands are typically subject to long time horizons. We apply the Wicksellian single rotation framework to cover the unexplored case of variable and...

Persistent link: https://www.econbiz.de/10001776348

Irreversible investment under interest rate variability : new results

Alvarez, Luis H. R.; Koskela, Erkki - 2002

The current extensive literature on irreversible investment decisions makes the assumption of constant interest rate. In this paper we study the impact of interest rate and revenue variability on the decision to carry out an irreversible investment project. Given the generality of the considered...

Persistent link: https://www.econbiz.de/10001659066

Wicksellian theory of forest rotation under interest rate variability

Alvarez, Luis H. R.; Koskela, Erkki - 2001 - November 2001

The current literature on optimal forest rotation makes the assumption of constant interest rate. However, the irreversible harvesting decisions of forest stands are typically subject to relatively long time horizons over which interest rates do fluctuate considerably. In this paper we apply the...

Persistent link: https://www.econbiz.de/10001627198

Progressive taxation and irreversible investment under uncertainty

Alvarez, Luis H. R.; Koskela, Erkki - 2005

We analyze the impact of progressive taxation on irreversible investment under uncertainty. We show that if tax exemption is lower than sunk cost, higher tax rate will decelerate optimal investment by increasing the optimal investment threshold, while if tax exemption exceeds sunk cost, three...

Persistent link: https://www.econbiz.de/10002631904

Taxation and rotation age under stochastic forest stand value

Alvarez, Luis H. R.; Koskela, Erkki - 2004 - June 2004

The paper uses both the single rotation and ongoing rotation framework to study the impact of yield tax, lump-sum tax, cash flow tax and tax on interest rate earnings on the privately optimal rotation period when forest value growth is stochastic and forest owners are either risk neutral or risk...

Persistent link: https://www.econbiz.de/10002127106

Does risk aversion accelerate optimal forest rotation under uncertainty?

Alvarez, Luis H. R.; Koskela, Erkki - 2004 - September 2004

We use a Wicksellian single rotation framework to analyze the impact of the intertemporally fluctuating and stochastic mean-reverting interest rate process on the optimal harvesting threshold and thereby the expected length of the rotation period, when forest value is also stochastic following...

Persistent link: https://www.econbiz.de/10002405814