| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP6343 |
| DP6343 Domestic Institutions and the Bypass Effect of Financial Globalization | |
| Shang-Jin Wei; Jiandong Ju | |
| 发表日期 | 2007-06-15 |
| 出版年 | 2007 |
| 语种 | 英语 |
| 摘要 | This paper analyses theoretically and empirically how employment subsidies should be targeted. We contrast measures involving targeting workers with low incomes/abilities and targeting the unemployed under the criteria of "approximate welfare efficiency" (AWE). Thereby we can identify policies that (a)improve employment and welfare, (b)do not raise earnings inequality and (c)are self-financing. We construct a microfounded, dynamic model of hiring and separations and calibrate it with German data. The calibration shows that hiring vouchers can be AWE, while low-wage subsidies do not satisfy AWE. Furthermore, hiring vouchers targeted at the long-term unemployed are more effective than those targeted at low-ability workers. |
| 主题 | Labour Economics |
| 关键词 | Low wage subsidy Hiring voucher Targeting Employment Unemployment Duration Self-financing |
| URL | https://cepr.org/publications/dp6343 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/535173 |
| 推荐引用方式 GB/T 7714 | Shang-Jin Wei,Jiandong Ju. DP6343 Domestic Institutions and the Bypass Effect of Financial Globalization. 2007. |
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