Orszag, J. Michael; Snower, Dennis - In: Journal of Population Economics 12 (1999) 2, pp. 197-213
excessively high and their employment excessively low. These inefficiencies are usually magnified through unemployment benefit …. The employment vouchers considered here reduce unemployment and impose no cost on the government, since they are financed … systems. This paper examines how these problems can be tackled through "employment vouchers," i.e. hiring subsidies or tax …