Orszag, Jonathan Michael; Snower, Dennis J. - 2002
: unemployment vouchers and low-wage subsidies. The unemployment vouchers are targeted exclusively at the unemployed (especially the … longterm unemployed) and are provided only for a limited period of time. The low-wage subsidies, on the other hand, are granted … relative to low-wage subsidies. Conversely, the greater the danger that workers come to be trapped in dead-end jobs with flat …