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.
Economic Journal, 90 (March 1980), pp. 51–73. The authors are grateful to David Allen, Lucien Foldes, Richard Jackman, Lord Kaldor and Gosta Rehn for helpful discussions, and to John Flemming, John Black and the referee for useful comments.
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© 1999 Richard Layard
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Nickell, S. (1999). The Case for Subsidizing Extra Jobs (1980). In: Tackling Unemployment. Palgrave Macmillan, London. https://doi.org/10.1057/9780230379206_17
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DOI: https://doi.org/10.1057/9780230379206_17
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