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Labor Demand During the Crisis: What Happened in Germany?
labor demand economic crisis short-time work financial frictions labor market institutions employment adjustment
2012/10/22
In Germany, the employment response to the post-2007 crisis has been muted compared to other industrialized countries. Despite a large drop in output, employment has hardly changed. In this paper, we ...
Optimal Redistributive Taxation with Both Labor Supply and Labor Demand Responses
optimal taxation labor market frictions unemployment
2012/10/31
This paper characterizes the optimal redistributive tax schedule in a matching unemployment framework with endogenous (voluntary) nonparticipation and (involuntary) unemployment. The optimal employmen...