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 …

This paper discusses how employment vouchers should depend on age in a simple overlapping generations model in which …