This paper analyses theoretically and empirically how employment subsidies should be targeted. We contrast measures … efficiency" (AWE). Thereby we can identify policies that (a)improve employment and welfare, (b)do not raise earnings inequality …

The paper examines the employment and unemployment implications of permitting unemployed people to use part of their … unemployment benefits to provide employment vouchers to the firms that hire them. This opportunity to transfer unemployment … policy would be costless to the government since the cost of the employment vouchers is set equal to the amount saved on …

This paper explores the optimal design of subsidies for hiring unemployed workers (‘employment vouchers’ for short) in … vouchers on employment and unemployment, the analysis shows how the optimal policy depends on the rates of hiring and firing …

The paper explores the employment implications of allowing people the opportunity of using a portion of their … incapacity benefits to provide employment vouchers for employers that hire them. The analysis indicates that introducing this … policy could increase employment, raise the incomes of incapacity benefit recipients, and reduce employers’ labour costs. …

opportunity to use part of their unemployment benefits to provide employment vouchers to the firms that hire them. The vouchers …