Redistribution with labor market frictions

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dc.contributor.authorMARCELO RODRIGUES DOS SANTOS
dc.contributor.authorMaestri, Lucas J.
dc.contributor.authorCosta, Carlos E. da
dc.coverage.paisNão Informadopt_BR
dc.creatorMaestri, Lucas J.
dc.creatorCosta, Carlos E. da
dc.date.accessioned2022-11-03T18:06:46Z
dc.date.available2022-11-03T18:06:46Z
dc.date.issued2022
dc.description.otherWe study distributive and insurance policies in frictional labor markets where workers are privately in-formed about their abilities. The combination of selection and moral hazard constraints demands the use of new tax instruments that are redundant in frictionless labor markets to target vacancy creation. We char-acterize efficient allocations and derive new optimality conditions on effort and employment probability wedges. Wedges on both effort and vacancy creation are always positive at the bottom of the income distri-bution. For strong enough distributive motives, the same is true for all but the most productive agents. We devise a method for the quantitative assessment of inefficiencies, calibrate our model to the U.S. economy, and find that it is possible to increase government revenues by 3.48%while preserving everyone’s utility.pt_BR
dc.format.extent34 p.pt_BR
dc.format.mediumDigitalpt_BR
dc.identifier.doihttps://doi.org/10.1016/j.jet.2022.105420pt_BR
dc.identifier.issn0022-0531pt_BR
dc.identifier.urihttps://repositorio.insper.edu.br/handle/11224/4616
dc.identifier.volume201pt_BR
dc.language.isoInglêspt_BR
dc.publisherElsevierpt_BR
dc.relation.ispartofJournal of Economic Theorypt_BR
dc.rights.licenseO INSPER E ESTE REPOSITÓRIO NÃO DETÊM OS DIREITOS DE USO E REPRODUÇÃO DOS CONTEÚDOS AQUI REGISTRADOS. É RESPONSABILIDADE DO USUÁRIO VERIFICAR OS USOS PERMITIDOS NA FONTE ORIGINAL, RESPEITANDO-SE OS DIREITOS DE AUTOR OU EDITOR.pt_BR
dc.subject.keywordsMirrlees’ problempt_BR
dc.subject.keywordsDirected searchpt_BR
dc.titleRedistribution with labor market frictionspt_BR
dc.typejournal article
dspace.entity.typePublication
local.identifier.sourceUrihttps://www.sciencedirect.com/science/article/pii/S0022053122000102?via%3Dihub
local.subject.cnpqCiências Sociais Aplicadaspt_BR
local.typeArtigo Científicopt_BR
relation.isAuthorOfPublicationf5092fc6-447e-42ae-b50c-f7a691a5c9a5
relation.isAuthorOfPublication.latestForDiscoveryf5092fc6-447e-42ae-b50c-f7a691a5c9a5

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