Job Sharing: Tax Credits to Prevent Layoffs and Stimulate Employment

Dean Baker

CEPR Reports and Issue Briefs from Center for Economic and Policy Research (CEPR)

Abstract: The unemployment rate is expected to average 10.2 percent for 2010, 9.1 percent for 2011, and 7.3 percent for 2012. With this in mind, this Issue Brief describes a job sharing tax credit, designed to provide a quick and substantial boost to the economy. It would use tax dollars to pay firms to shorten the typical workweek, while keeping pay constant. This should cause employers to want to hire additional workers. A rough estimate of the impact of this tax credit is between 1.3 and 2.7 million jobs created.

Keywords: economic stimulus; fiscal stimulus; ARRA; recession; paid time off; work-sharing; work sharing; work share (search for similar items in EconPapers)
JEL-codes: E E2 E24 E6 E62 E64 H H2 H25 H3 I I1 I18 J J2 J22 J23 J3 J38 J6 J68 (search for similar items in EconPapers)
Pages: 3 pages
Date: 2009-10
New Economics Papers: this item is included in nep-lab and nep-pbe
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Citations: View citations in EconPapers (3)

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Persistent link: https://EconPapers.repec.org/RePEc:epo:papers:2009-39

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