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http://dspace.mediu.edu.my:8181/xmlui/handle/10419/2851| Title: | Unemployment vouchers versus low-wage subsidies |
| Keywords: | J68 J38 J23 J32 J64 J65 ddc:330 unemployment , poverty , wages , employment , vouchers , subsidies , inequality Arbeitsmarktpolitik Voucher Arbeitslosenversicherung Lohnsubvention Wirtschaftspolitische Wirkungsanalyse Theorie |
| Issue Date: | 16-Oct-2013 |
| Publisher: | Forschungsinstitut zur Zukunft der Arbeit, Bonn |
| Description: | The paper examines the relative effectiveness of two policy proposals in reducing unemployment and working poverty: 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 to all low-wage earners regardless of their employment history and are of limitless duration. Our analysis indicates that the relative effectiveness of the two policies depends on workers? prospective wage growth. The more upwardly mobile workers are (i.e. the more their wages rise with employment duration), the more effective will unemployment vouchers be relative to low-wage subsidies. Conversely, the greater the danger that workers come to be trapped in dead-end jobs with flat wage profiles, the more effective will low-wage subsidies be relative to unemployment vouchers. |
| URI: | http://koha.mediu.edu.my:8181/xmlui/handle/10419/2851 |
| Other Identifiers: | IZA discussion papers Forschungsinstitut zur Zukunft der Arbeit, Bonn 537 http://hdl.handle.net/10419/2851 ppn:35580820X ppn:35580820X |
| Appears in Collections: | EconStor |
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