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dc.contributor.authorOrszag, Jonathan Michaelen_US
dc.contributor.authorSnower, Dennis J.en_US
dc.date.accessioned2009-01-28T14:37:38Z-
dc.date.available2009-01-28T14:37:38Z-
dc.date.issued2002en_US
dc.identifier.urihttp://hdl.handle.net/10419/2803-
dc.description.abstractThe paper explores the employment implications of allowing people the opportunity of using a portion of their incapacity benefits to provide employment vouchers for employers that hire them. The analysis indicates that introducing this policy could increase employment, raise the incomes of incapacity benefit recipients, and reduce employers? labor costs. The analysis explicitly derives the optimal voucher, i.e. the voucher that maximizes employment at no extra budgetary cost. This voucher is shown to depend on the size of incapacity benefits, the separation rate in the absence of the voucher, and the degree of displacement; but it does not depend on the hiring rate. Numerical calculations show the optimal voucher to be large by the standards of many existing employment subsidies.en_US
dc.language.isoengen_US
dc.publisherForschungsinstitut zur Zukunft der Arbeit Bonn-
dc.relation.ispartofseriesIZA Discussion paper series 529en_US
dc.subject.jelJ31en_US
dc.subject.jelJ23en_US
dc.subject.jelJ24en_US
dc.subject.jelJ32en_US
dc.subject.jelJ64en_US
dc.subject.ddc330-
dc.subject.keywordincapacity benefitsen_US
dc.subject.keywordemployment policy-
dc.subject.keywordlabor force participation-
dc.subject.stwArbeitslosenversicherungen_US
dc.subject.stwBeschäftigungspolitiken_US
dc.subject.stwArbeitsangeboten_US
dc.subject.stwLohnsubventionen_US
dc.subject.stwVoucheren_US
dc.subject.stwTheorieen_US
dc.titleIncapacity benefits and employment policyen_US
dc.typeWorking Paperen_US
dc.identifier.ppn352719826en_US
dc.identifier.ppn352719826en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungen-
Appears in Collections:Publikationen von Forscherinnen und Forschern des IfW
IZA Discussion Papers, Forschungsinstitut zur Zukunft der Arbeit (IZA)

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