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The Regional Benefits of the Employer of Last Resort Program

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  • Murray, Michael/ M J

Abstract

The Employer of Last Resort (ELR) program is a New Deal type of program to provide a government position for anyone seeking work. Unlike private industries who compete over prices and wages, the ELR “industry” is not meant to compete with the private sector; rather it provides public services that are not offered by the private sector. The task here is to estimate the private sector effects of the implementation of the ELR program for the State of Missouri.

Suggested Citation

  • Murray, Michael/ M J, 2012. "The Regional Benefits of the Employer of Last Resort Program," MPRA Paper 35981, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:35981
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    References listed on IDEAS

    as
    1. Nell,Edward J., 1998. "The General Theory of Transformational Growth," Cambridge Books, Cambridge University Press, number 9780521590068.
    2. Pavlina R. Tcherneva, 2008. "Keynes's Approach to Full Employment: Aggregate or Targeted Demand?," Economics Working Paper Archive wp_542, Levy Economics Institute.
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    Cited by:

    1. Maximilian Mayerhofer, 2023. "Simulating the Economic Effects of an Employer of Last Resort Programme for Austria," Wirtschaft und Gesellschaft - WuG, Kammer für Arbeiter und Angestellte für Wien, Abteilung Wirtschaftswissenschaft und Statistik, vol. 49(2), pages 103-123.

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    More about this item

    Keywords

    Employer of Last Resort; Input-output Modeling; Heterodox Microfoundations of Macroeconomics;
    All these keywords.

    JEL classification:

    • B51 - Schools of Economic Thought and Methodology - - Current Heterodox Approaches - - - Socialist; Marxian; Sraffian
    • E12 - Macroeconomics and Monetary Economics - - General Aggregative Models - - - Keynes; Keynesian; Post-Keynesian; Modern Monetary Theory
    • E24 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Employment; Unemployment; Wages; Intergenerational Income Distribution; Aggregate Human Capital; Aggregate Labor Productivity
    • C02 - Mathematical and Quantitative Methods - - General - - - Mathematical Economics
    • E23 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Production
    • E11 - Macroeconomics and Monetary Economics - - General Aggregative Models - - - Marxian; Sraffian; Kaleckian

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