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Unemployment vouchers versus low-wage subsidies

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dc.creator Orszag, Jonathan Michael
dc.creator Snower, Dennis J.
dc.date 2002
dc.date.accessioned 2013-10-16T06:12:17Z
dc.date.available 2013-10-16T06:12:17Z
dc.date.issued 2013-10-16
dc.identifier IZA discussion papers Forschungsinstitut zur Zukunft der Arbeit, Bonn 537
dc.identifier http://hdl.handle.net/10419/2851
dc.identifier ppn:35580820X
dc.identifier ppn:35580820X
dc.identifier.uri http://koha.mediu.edu.my:8181/xmlui/handle/10419/2851
dc.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.
dc.language eng
dc.publisher Forschungsinstitut zur Zukunft der Arbeit, Bonn
dc.relation IZA Discussion paper series 537
dc.rights http://www.econstor.eu/dspace/Nutzungsbedingungen
dc.subject J68
dc.subject J38
dc.subject J23
dc.subject J32
dc.subject J64
dc.subject J65
dc.subject ddc:330
dc.subject unemployment , poverty , wages , employment , vouchers , subsidies , inequality
dc.subject Arbeitsmarktpolitik
dc.subject Voucher
dc.subject Arbeitslosenversicherung
dc.subject Lohnsubvention
dc.subject Wirtschaftspolitische Wirkungsanalyse
dc.subject Theorie
dc.title Unemployment vouchers versus low-wage subsidies
dc.type doc-type:workingPaper


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