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UID:8d9d211b49a7ce3a9809611429f71537
CATEGORIES:Seminars
CREATED:20230605T143441
SUMMARY:Leo Kaas - Goethe University Frankfurt
DESCRIPTION;ENCODING=QUOTED-PRINTABLE:<p>Labor and Wealth Dynamics in Equilibrium&nbsp;</p><p>Abstract:</p><p sty
 le="text-align: justify;">This paper develops a macroeconomic model that co
 mbines an incomplete-markets overlapping-generations economy with a job lad
 der featuring strategic wage bargaining and endogenous search effort of emp
 loyed and non-employed workers. The model is able to capture the empirical 
 relationships between search activity, labor market transition, earnings an
 d wealth that we document in German data. We use the calibrated model to an
 alyze the determinants of job mobility, income and wealth dynamics over the
  life cycle. We further examine the impact of unemployment insurance and pr
 ogressive taxation for labor market dynamics, wage inequality and macroecon
 omic outcomes.</p>
DTSTAMP:20260424T192642Z
DTSTART:20231026T023000Z
DTEND:20231026T160000Z
SEQUENCE:0
TRANSP:OPAQUE
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