Making Work Pay for the Elderly Unemployed - Evaluating Alternative Policy Reforms for Germany

Peter Haan and Viktor Steiner

FinanzArchiv: Public Finance Analysis, 2008, vol. 64, issue 3, 380-402

Abstract: We evaluate three policy reforms targeted at older unemployed people: (i) an hourly wage subsidy, (ii) an in-work credit, and (iii) an employment bonus in the form of subsidized social security contributions on low wages. The work-incentive, labor-supply, and welfare effects of these policy reforms are analyzed on the basis of a behavioral microsimulation model for Germany. We find that the simulated labor-supply effects of the three policy reforms would be rather similar and of moderate size. Our results also suggest that the hourly wage subsidy yields the highest welfare gains.

Keywords: in-work support; wage subsidies; unemployment; elderly workers (search for similar items in EconPapers)
JEL-codes: H21 J21 J48 (search for similar items in EconPapers)
Date: 2008
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
https://www.mohrsiebeck.com/en/article/making-work ... 1628001522108x374197 (text/html)
Fulltext access is included for subscribers to the printed version.

Related works:
Working Paper: Making Work Pay for the Elderly Unemployed: Evaluating Alternative Policy Reforms for Germany (2006)
Working Paper: Making Work Pay for the Elderly Unemployed: Evaluating Alternative Policy Reforms for Germany (2006)
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:mhr:finarc:urn:sici:0015-2218(200809)64:3_380:mwpfte_2.0.tx_2-e

Ordering information: This journal article can be ordered from
Mohr Siebeck GmbH & Co. KG, P.O.Box 2040, 72010 Tübingen, Germany

DOI: 10.1628/001522108X374197

Access Statistics for this article

FinanzArchiv: Public Finance Analysis is currently edited by Alfons Weichenrieder, Ronnie Schöb and Jean-François Tremblay

More articles in FinanzArchiv: Public Finance Analysis from Mohr Siebeck, Tübingen
Bibliographic data for series maintained by Thomas Wolpert ().