In exploring the impact of tax policy on labor-market performance, the paper first investigates how tax reform impacts labor supply and equilibrium unemployment in representative agent models. The impact of tax policy on labor market performance depends importantly on various other labor-market institutions, such as minimum wage laws, wage bargaining, and unemployment benefits. In non-competiti...

This paper asks how good actual US-fiscal policy was on average and over the cycle in the last 40 years compared to a Ramsey-optimal policy of a frictional labor market model. In our model labor taxes are intertemporally distortive, making the trade-off between capital and labor taxes interesting. Quantitatively, (optimal) taxation results hinge upon an estimate of the intratemporal elasticity ...

This paper studies disinflationary shocks in a non-linear New Keynesian model with search and matching frictions and moral hazard in the labor markets. Our focus is on understanding the wage formation process as well as welfare costs of disinflations in the presence of such labor market frictions. The presence of imperfect information in labor markets imposes a lower bound on worker surplus tha...

S u m m a r y N early 12 million unauthorized immigrants live in the United States. California is home to about 2.7 million of these immigrants, who make up almost 10 percent of the state's labor force. 1 Currently, legislators in Washington, D.C., are considering a comprehensive reform of federal immigration policies that could include the legalization of unauthorized immigrants. Many observer...

We model how student choices to rush a fraternity, and fraternity admission choices, interact with signals firms receive about student productivities to determine labormarket outcomes. The fraternity and students value wages and fraternity socializing values. We provide sufficient conditions under which, in equilibrium, most members have intermediate abilities: weak students apply, but are reje...

AIM To analyze the physician labor market in Croatia with respect to the internship and employment opportunities, Croatian needs for physicians and specialists, and trends in physician labor market in the European Union (EU) in the context of EU enlargement. METHODS Data were collected from the Ministry of Health and Social Welfare, the Croatian Employment Service, and the Croatian Institute ...

Based on historic data, we recently developed a model for the cytotechnology labor market that predicted shrinkage in the workforce secondary to a reduced demand for cytotechnologists that would offset any expected increase secondary to demographic changes in the number of women eligible for cervical cancer screening. In this report, we describe the comparison of our previous model with data th...

a number of authors have investigated whether aggregate and! or local labor market conditions affect college enrollment, hut the results across studies are very inconsistent. there are two shortcomings in the previous studies that may explain the weak correlation between labor market opportunities and college enrollment. first, we will use the unique structure of the hs & b to construct unemplo...

Using county level data from 1969-200 and various OLS and TSLS models, we find that increases in local per capita earnings and employment lowers voter turnout in gubernatorial and Senate elections but has not effect on Presidential turnout. We present a model in which risk-averse agents vote only if sufficiently informed about political candidates. When agents work more, as they do in periods o...