أعرض تسجيلة المادة بشكل مبسط

dc.creator Oskamp, Frank
dc.creator Snower, Dennis J.
dc.date 2006
dc.date.accessioned 2013-10-16T06:55:30Z
dc.date.available 2013-10-16T06:55:30Z
dc.date.issued 2013-10-16
dc.identifier http://hdl.handle.net/10419/3874
dc.identifier ppn:517476533
dc.identifier.uri http://koha.mediu.edu.my:8181/xmlui/handle/10419/3874
dc.description We explore the far-reaching implications of low-wage subsidies on aggregate employment. Low-wage subsidies have three important effects. First, they promote employment of unskilled workers (who tend to be the ones who earn low wages). Second, by raising the payoff of unskilled work relative to skilled work, low-wage subsidies reduce the incentive to become skilled, so that there are more unskilled workers associated with a relatively low employment rate. Third, the government budget constraint has to be taken into account, which is supposed to cause an additional tax burden for the skilled workers. This amplifies the negative effect of low-wage subsidies on the incentive to acquire human capital. Thus, the first effect on the one hand and the second and third effect on the other hand pull in opposite directions in terms of employment. This paper presents a theoretical model of the labor market in which these effects can be analyzed. We then calibrate the model with respect to the German labor market to shed light on the relative strengths of these effects and thereby assess the degree to which low-wage subsidies encourage or discourage employment.
dc.language eng
dc.publisher Kiel Institute for the World Economy (IfW) Kiel
dc.relation Kieler Arbeitspapiere 1292
dc.rights http://www.econstor.eu/dspace/Nutzungsbedingungen
dc.subject I29
dc.subject J38
dc.subject J21
dc.subject J24
dc.subject J31
dc.subject ddc:330
dc.subject Low-wage subsidies
dc.subject Employment
dc.subject Unemployment
dc.subject Skill acquisition
dc.subject Training incentives
dc.subject Lohnsubvention
dc.subject Niedriglohn
dc.subject Wirtschaftspolitische Wirkungsanalyse
dc.subject Ungelernte Arbeitskräfte
dc.subject Beschäftigungseffekt
dc.subject Bildungsverhalten
dc.subject Ökonomischer Anreiz
dc.subject Bildungsinvestition
dc.subject Qualifikation
dc.subject Theorie
dc.subject Deutschland
dc.title The effect of low-wage subsidies on skills and employment
dc.type doc-type:workingPaper


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أعرض تسجيلة المادة بشكل مبسط