Job creation policies and the Great Recession
The adverse labor market effects of the Great Recession have intensified interest in policy efforts to spur job creation. The two most direct job creation policies are subsidies that go to workers and hiring credits that go to employers. Evidence indicates that worker subsidies are generally more effective at creating jobs. However, the unique circumstances of recovery from the Great Recession, especially the weak demand for labor, make hiring credits more effective in the short term.
Volume (Year): (2012)
Issue (Month): mar19 ()
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- Kenneth A. Couch & Douglas J. Besharov & David Neumark, 2013.
"Spurring Job Creation in Response to Severe Recessions: Reconsidering Hiring Credits,"
Journal of Policy Analysis and Management,
John Wiley & Sons, Ltd., vol. 32(1), pages 142-171, 01.
- David Neumark, 2011. "Spurring Job Creation in Response to Severe Recessions: Reconsidering Hiring Credits," NBER Working Papers 16866, National Bureau of Economic Research, Inc.
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