Similar Search Results

Migration and Diversity : Human versus Social Capital

Manole, Vlad; Schiff, Maurice - 2004

This paper examines the welfare implications associated with different degrees of diversity or similarity between … populations, everyone ends up in the country with the highest initial level of human capital. Welfare under any of the equilibrium …. In addition, trade and migration are not equivalent if social capital is present: the highest welfare is obtained with …

Persistent link: https://www.econbiz.de/10010262028

Integration, Agglomeration and Welfare

Pflüger, Michael; Südekum, Jens - 2004

This paper studies the social desirability of agglomeration and the efficiency arguments for policy intervention in a simple, analytically solvable ?new economic geography? model with two trade integrating regions. The location pattern emerging as market equilibrium is ?bubbleshaped?, i.e. it...

Persistent link: https://www.econbiz.de/10010262068

Space, Search and Efficiency

Wasmer, Etienne; Zenou, Yves - 2000

We investigate the role of spatial frictions in search equilibrium unemployment. For that, we develop a model of the labor market in which workers? location in an agglomeration depends on commuting costs, the endogenous price of land and the value of job search and employment. We first show that...

Persistent link: https://www.econbiz.de/10010262389

Is a flat tax feasible in a grown-up welfare state?

Fuest, Clemens; Peichl, Andreas; Schaefer, Thilo - 2007

The success of the flat rate tax in Eastern Europe suggests that this concept could also be a model for the welfare … allowance yields positive static welfare effects amounting to approximately 1.8 per cent of income tax revenue but increases … problematic distributional impact, flat tax reforms are unlikely to spill over to the welfare states of Western Europe. …

Persistent link: https://www.econbiz.de/10010268499

Welfare in models of trade with heterogeneous firms

Janiak, Alexandre - 2008

I illustrate that the welfare improvement property of the Melitz model is due to the shape of the aggregate labor …. In this case, increases in aggregate productivity result in a reduction in welfare. For example, this may occur when …

Persistent link: https://www.econbiz.de/10010269321

Productivity, welfare and reallocation: theory and firm-level evidence

Basu, Susanto; Pascali, Luigi; Schiantarelli, Fabio; … - 2009

We prove that the change in welfare of a representative consumer is summarized by the current and expected future … while taking prices parametrically. This result justifies TFP as the right summary measure of welfare (even in situations … (industries or firms) to aggregate welfare using readily available TFP data. Based on this finding, we compute firm and industry …

Persistent link: https://www.econbiz.de/10010269431

Inflation and welfare in long-run equilibrium with firm dynamics

Janiak, Alexandre; Monteiro, Paulo Santos - 2009

We analyze the welfare cost of inflation in a model with cash-in-advance constraints and an endogenous distribution of … in productivity is not innocuous: it leads to a doubling of the welfare cost of inflation. …

Persistent link: https://www.econbiz.de/10010269435

Noncompliance and the effects of the minimum wage on hours and welfare in competitive labor markets

Danziger, Leif - 2009

This paper shows that increases in the minimum wage rate can have ambiguous effects on the working hours and welfare of … and instead pay a lower subminimum wage rate. If workers are risk neutral, we prove that working hours and welfare are … working hours decrease with the minimum wage rate, while their welfare may increase. …

Persistent link: https://www.econbiz.de/10010271577

Structural estimation of search intensity: do non-employed workers search enough?

Gautier, Pieter A.; Moraga-González, José Luis; … - 2007

number of applications result is due to rent seeking behavior. Sizable welfare gains (15% to 20%) can be realized by … applying for at least one job per period, increases welfare. …

Persistent link: https://www.econbiz.de/10010274015