The Case for Subsidizing Extra Jobs (1980)

Stephen Nickell

Chapter 17 in Tackling Unemployment, 1999, pp 377-403 from Palgrave Macmillan

Abstract: Abstract Unemployment is expected to remain high for some time. Given the well known problems of general reflation, it is worth exploring other possible antiunemployment measures. The one we shall consider in this paper is the marginal employment subsidy. Under such a scheme, any firm which expands its employment will be paid a subsidy of, say, £20 a week for each additional job it provides above its average level of employment during some base period.

Keywords: Marginal Cost; Price Level; Real Wage; Budget Deficit; Home Market (search for similar items in EconPapers)
Date: 1999
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DOI: 10.1057/9780230379206_17

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