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dc.contributor.authorOrszag, Jonathan Michaelen_US
dc.contributor.authorSnower, Dennis J.en_US
dc.date.accessioned2009-01-28T14:29:58Z-
dc.date.available2009-01-28T14:29:58Z-
dc.date.issued2002en_US
dc.identifier.citationLabour economics 0927-5371 9 2002 5 631-641en_US
dc.identifier.pidoi:10.1016/S0927-5371(02)00050-7-
dc.identifier.urihttp://hdl.handle.net/10419/2844-
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
dc.language.isoengen_US
dc.subject.jelJ23-
dc.subject.jelJ24-
dc.subject.jelJ31-
dc.subject.jelJ32-
dc.subject.jelJ64-
dc.subject.ddc330-
dc.subject.keywordincapacity benefitsen
dc.subject.keywordemployment policyen
dc.subject.keywordlabor force participationen
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.typeArticleen_US
dc.identifier.ppn35551317Xen_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungen-
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