Engelhardt, Bryan; Rocheteau, Guillaume; Rupert, Peter - Federal Reserve Bank of Cleveland - 2007
and unemployed workers, and improve society’s welfare. Hiring subsidies reduce unemployment but they can raise the crime …. For instance, a more generous unemployment insurance system reduces the crime rate of the unemployed but its effect on the … overall effect on crime is positive but quantitatively small. Wage subsidies reduce unemployment and crime rates of employed …