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Intra-Industry Trade, Involuntary Unemployment and Macroeconomic Stability

Le Riche, Antoine; Lloyd-Braga, Teresa; Modesto, Leonor - 2021

indeterminate. After opening the borders, the rigid wage country may export indeterminacy to the full employment country …, particularly if it is big enough. In contrast, when the full employment country is sufficiently big, local indeterminacy, and … fluctuations (associated with local indeterminacy and bifurcations) are possible with smaller externalities, whatever the relative …

Persistent link: https://www.econbiz.de/10013250260

Market Distortions and Local Indeterminacy : A General Approach

Lloyd-Braga, Teresa - 2011

We provide a methodology to study the role of market distortions on the emergence of indeterminacy and bifurcations … classes of distortions responsible for indeterminacy. Our methodology consists in introducing general specifications for the … distortions influence the range of values for the elasticity of inputs substitution under which local indeterminacy and …

Persistent link: https://www.econbiz.de/10013127337

Employment Dynamics and Redistributive Policies Under Workers' Social Norms

Ferreira, Rodolphe dos Santos - 2014

multiplicity of equilibria and somewhat facilitate the emergence of indeterminacy and flip bifurcations, constituting therefore a …

Persistent link: https://www.econbiz.de/10013060621

Dynamics of Intrahousehold Bargaining

Andaluz Funcia, Joaquín; Marcén, Miriam; Molina, … - 2021

This paper studies the dynamics of bargaining in an intrahousehold context. To explore long-term partner relationships, we analyse bilateral bargaining by considering that spouses take decisions sequentially. We conclude that a greater valuation of the present, rather than the future, for the...

Persistent link: https://www.econbiz.de/10013324912

The Pure Effect of Social Preferences on Regional Location Choices : The Evolving Dynamics of Convergence to a Steady State Population Distribution

Stark, Oded - 2019

This paper tracks the consequences of individuals' desire to align their location with their social preferences. The social preference studied in the paper is distaste for relative deprivation, measured in a cardinal manner. Location is conceived as social space, with individuals choosing to...

Persistent link: https://www.econbiz.de/10012870150

A Pure Theory of Population Distribution When Preferences are Ordinal

Stark, Holger; Kosiorowski, Grzegorz - 2023

We model an environment in which individuals prefer to be in a space in which their rank is higher, be it a social space, a geographical space, a work environment, or any other comparison sphere which we refer to in this paper, and without loss of generality, as a region. When the individuals...

Persistent link: https://www.econbiz.de/10014261428

Analysing the Effects of Tax-Benefit Reforms onIncome Distribution: A Decomposition Approach

Bargain, Olivier; Callan, Tim - Forschungsinstitut zur Zukunft der Arbeit <Bonn> - 2007

To assess the impact of tax-benefit policy changes on income distribution over time, wesuggest a methodology based on counterfactual simulations. We start by decomposingchanges in inequality/poverty indices into three contributions: reforms of the tax-benefitstructure (rules, rates, etc.),...

Persistent link: https://www.econbiz.de/10005861651

On the Optimality of a Minimum Wage:New Insights from Optimal Tax Theory

Hungerbühler, Mathias; Lehmann, Etienne - Forschungsinstitut zur Zukunft der Arbeit <Bonn> - 2007

We build a theoretical model to study whether a minimum wage can be welfare-improving if itis implemented in conjunction with an optimized nonlinear income tax. We consider this issuein a framework where search frictions on the labor market generate unemployment. Workersdiffer in productivity...

Persistent link: https://www.econbiz.de/10005862337

Privacy, Time Consistent Optimal Labor Income Taxation and Education Policy

Konrad, Kai A. - 2011

Incomplete information is a commitment device for time consistency problems. In the context of time consistent labor income taxation privacy can lead to a Pareto superior outcome and increases the effectiveness of public education as a second best policy

Persistent link: https://www.econbiz.de/10014163655

Climate Change Salience, Economic Insecurity, and Support for Mitigation Policies

Johnston, David; Knott, Rachel; Mendolia, Silvia - 2022

Many people remain opposed to climate change mitigation policies. This opposition is an obstacle to policy action and, therefore, important to understand. We explore how unusually high temperatures (heat waves), which observably increase the salience of climate change-related issues, affect...

Persistent link: https://www.econbiz.de/10014076714