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DTSTART:20220327T010000
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DTSTART;TZID=Europe/Helsinki:20221205T121500
DTEND;TZID=Europe/Helsinki:20221205T133000
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SUMMARY:Philip JUNG (TU Dörtmund ) "Optimal regional labor market policies"
DESCRIPTION:The Macroeconomics Seminar:\nTime: 12:15 pm – 13:30 pm\nDate: 05th of December 2022 \nRoom 3001 \nPhilip JUNG (TU Dörtmund ) “Optimal regional labor market policies” \nAbstract : We document large and persistent spatial dispersion in unemployment rates\, vacancies\, labor market tightness\, labor market flows\, and wages for Germany on a granular regional level. We find that both differences in inflows into and in outflows from unemployment are important for accounting for the regional dispersion in unemployment rates. Within a search- and matching model with risk-averse agents\, moral hazard\, endogenous separations and free mobility we show that an optimal policy response to labor market dispersion requires a place-based tax and unemployment insurance system together with place-based policies conditioning on labor market flows. We allow regions to differ along multiple dimensions and characterize the trade-offs between insurance\, regional redistribution and efficiency quantitatively. We find that for Germany a move towards an optimal place-based tax system that explicitly conditions on regional characteristics could lead to sizable welfare and employment gains. \nOrganizers:\nF. Malherbet / A. Uhlendorff (CREST) \nSponsors:\nCREST \n
URL:https://crest.science/event/philip-jung-tu-dortmund-t-b-a/
CATEGORIES:Macroeconomics
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