Problems with wage subsidies: Phelps's economic discipline and undisciplined economics

Karl Widerquist

International Journal of Green Economics, 2008, vol. 2, issue 3, 329-339

Abstract: This paper discusses problems with wage subsidy proposals, specifically focusing on the proposal in Rewarding Work by Edmund Phelps. It shows that the book uses one price theory to argue that the whole benefit of a wage subsidy will go to workers (rather than firms or consumers), but it uses an opposing price theory to argue against the Earned Income Tax Credit, unions and public jobs. These and other inconsistencies in the book make it a weak argument for its conclusions.

Keywords: wage subsidies; basic income; redistribution; green economics; rewarding work; economic discipline; undisciplined economics; Edmund Phelps; price theory. (search for similar items in EconPapers)
Date: 2008
References: Add references at CitEc
Citations:

Downloads: (external link)
http://www.inderscience.com/link.php?id=21426 (text/html)
Access to full text is restricted to subscribers.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ids:ijgrec:v:2:y:2008:i:3:p:329-339

Access Statistics for this article

More articles in International Journal of Green Economics from Inderscience Enterprises Ltd
Bibliographic data for series maintained by Sarah Parker ().