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We explore the far-reaching implications of low-wage subsidies on aggregate employment. Low-wage subsidies have three important effects. First, they promote employment of unskilled workers (who tend to be the ones who earn low wages). Second, by raising the payoff of unskilled work relative to...
Persistent link: https://www.econbiz.de/10010272975
consider measures involving targeting workers with low incomes/abilities and targeting the unemployed. To make our analysis … German data. The calibration shows that hiring vouchers targeted at the long-term unemployed and low-income/ability workers … the long-term unemployed are more effective than hiring vouchers targeted at low-income/ability workers. These subsidy …
Persistent link: https://www.econbiz.de/10011453727
consider measures involving targeting workers with low incomes/abilities and targeting the unemployed. To make our analysis … German data. The calibration shows that hiring vouchers targeted at the long-term unemployed and low-income/ability workers … the long-term unemployed are more effective than hiring vouchers targeted at low-income/ability workers. These subsidy …
Persistent link: https://www.econbiz.de/10010277977