Showing 1 - 10 of 798
We develop a heterogeneous-firms model with trade in goods, labor mobility and credit constraints due to moral hazard. Mitigating financial frictions reduces the incentive of high-skilled workers to migrate to one region such that an unequal distribution of industrial activity becomes less...
Persistent link: https://www.econbiz.de/10010291520
migration costs, which are continuously distributed. We derive the optimal marginal income tax rates at the equilibrium … semi-elasticity of migration on which we lack empirical evidence are crucial to derive the shape of optimal marginal income …
Persistent link: https://www.econbiz.de/10010195415
margin. The skill distribution is continuous, and, for each skill level, the distribution of migration cost is also … migration is decreasing in the skill level. When the semi-elasticity of migration is increasing in the skill level, either … negative. Numerical simulations are calibrated using plausible values of the semi-elasticity of migration for top income …
Persistent link: https://www.econbiz.de/10009773433
Persistent link: https://www.econbiz.de/10010401408
value of labor mobility for economic prosperity and its determinants. Labor migration and not welfare migration dominates … the future a much higher level of circular and permanent migration. …
Persistent link: https://www.econbiz.de/10010128229
We develop a heterogeneous-firms model with trade in goods, labor mobility and credit constraints due to moral hazard. Mitigating financial frictions reduces the incentive of high-skilled workers to migrate to one region such that an unequal distribution of industrial activity becomes less...
Persistent link: https://www.econbiz.de/10010344666
Persistent link: https://www.econbiz.de/10011435762
Persistent link: https://www.econbiz.de/10011527371
Portability of social benefits across professions and countries is an increasing concern for individuals and policy makers. Lacking or incomplete transfers of acquired social rights are feared to negatively impact individual labor market decisions as well as capacity to address social risks with...
Persistent link: https://www.econbiz.de/10011397716
, nevertheless, is restricted by migration of the young generations. This connection between political voting on intergenerational … case in which the young generations migration decision takes its effect on future pensions into account (strategic … migration) and the case in which it only reflects differentials in labor income (myopic migration). The paper also pays …
Persistent link: https://www.econbiz.de/10011399341