The Fiscal and Distributional Implications of Job Generation

Michael Kitson, Jonathan Michie and Holly Sutherland

Cambridge Journal of Economics, 1997, vol. 21, issue 1, 103-20

Abstract: This article estimates the cost of a public investment-led job creation program for the United Kingdom. A program creating an additional one million jobs at the current average wage would involve a net cost to the Treasury dramatically lower than the gross cost; 17 billion pounds worth of spending would result in a net cost of around 7 billion pounds. Given that even a partial restoration of progressive taxation would bring in more than half this net amount, improved living standards could be brought about relatively easily, provided dogmatic objections to public sector initiatives can be overcome. Copyright 1997 by Oxford University Press.

Date: 1997
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