provide employment vouchers for people of pensionable age. …

will employment be affected? In addressing this question, we focus on the role of on-the-job training. We show that an … insider wage hike reduces recession-time employment but, in the presence of on-the-job training, increases boom …-time employment. Thus on-the-job training can make insider wage hikes less detrimental to average employment (over booms and …

to all low-wage earners regardless of their employment history and are of limitless duration. Our analysis indicates that … workers are (i.e. the more their wages rise with employment duration), the more effective will unemployment vouchers be …

This paper examines the interactions between employment and training policies. Their effectiveness in stimulating … income may be interdependent for various important reasons. For example, the more employment policies stimulate the … employment rate, the greater the length of time over which workers use the human capital generated by training policies. Moreover …

people’s employment incentives and could achieve reductions in unemployment without reducing the level of support to the …

people?s employment incentives and could achieve reductions in unemployment without reducing the level of support to the …

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 … that there are more unskilled workers associated with a relatively low employment rate. Third, the government budget …