Converting Unemployment Benefits into Employment Subsidies

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Converting Unemployment Benefits into Employment Subsidies

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Snower, Dennis J.

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Dennis Snower

Abstract

This paper explores the implications of giving unemployed people -- particularly the long-term unemployed -- the opportunity to use part of their unemployment benefits to provide employment vouchers to the firms that hire them. The vouchers would depend positively on unemployment duration and training. The paper argues that this policy would give unemployed people and their potential employers an expanded domain of choices in the labour market and thereby reduce the market failures generated and amplified by unemployment benefit systems. A simple theoretical model is presented, followed by preliminary empirical estimates which suggest that the proposed policy may have significant potential in a number of OECD countries.

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Paper provided by C.E.P.R. Discussion Papers in its series CEPR Discussion Papers with number 930.

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Date of creation: May 1994
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Handle: RePEc:cpr:ceprdp:930

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Article
- Snower, Dennis J, 1994. "Converting Unemployment Benefits into Employment Subsidies," American Economic Review, American Economic Association, vol. 84(2), pages 65-70, May. [Downloadable!] (restricted)

Find related papers by JEL classification:
J23 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Labor Demand
J24 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Human Capital; Skills; Occupational Choice; Labor Productivity
J31 - Labor and Demographic Economics - - Wages, Compensation, and Labor Costs - - - Wage Level and Structure; Wage Differentials
J32 - Labor and Demographic Economics - - Wages, Compensation, and Labor Costs - - - Nonwage Labor Costs and Benefits; Private Pensions
J64 - Labor and Demographic Economics - - Mobility, Unemployment, and Vacancies - - - Unemployment: Models, Duration, Incidence, and Job Search

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This page was last updated on 2009-11-25.

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