Does "Trickle Down" Work? Economic Development and Job Chains in Local Labor Markets

Joseph Persky (), Daniel Felsenstein () and Virginia Carlson
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Virginia Carlson: University of Wisconsin-Milwaukee

in Books from Upjohn Press from W.E. Upjohn Institute for Employment Research

Abstract: Persky, Felsenstein, and Carlson explore a new framework for evaluating state and local economic development efforts. They propose a method, referred to as the "job-chains approach," that they say clarifies the potential justifications for economic development subsidies as well as the limitations surrounding these efforts. This innovative approach addresses not only the number of job vacancies created as a result of a subsidized business investment or expansion, but also the extent to which gains are achieved by the unemployed and the underemployed, whether skilled or unskilled.

Keywords: job chains; labor mobility; business subsidies; tax incentives; low-wage workers (search for similar items in EconPapers)
JEL-codes: J23 J62 R30 (search for similar items in EconPapers)
Date: 2004
ISBN: cloth 9780880993098 paper 9780880993081
Note: PDF is the book's first chapter.
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Citations: View citations in EconPapers (22)

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