Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/125392 
Year of Publication: 
2015
Citation: 
[Journal:] IZA World of Labor [ISSN:] 2054-9571 [Article No.:] 163 [Publisher:] Institute for the Study of Labor (IZA) [Place:] Bonn [Year:] 2015
Publisher: 
Institute for the Study of Labor (IZA), Bonn
Abstract: 
Long-term unemployment can lead to skill attrition and have detrimental effects on future employment prospects, particularly following periods of economic crises when employment growth is slow and cannot accommodate high levels of unemployment. Addressing this problem requires the use of active labor market policies targeted at the unemployed. In this context, hiring subsidies can provide temporary incentives for firms to hire unemployed workers and, when sensibly targeted, are a very cost-effective and efficient means of reducing unemployment, during both periods of economic stability and recovery.
Subjects: 
active labor market programs
subsidies
unemployment
JEL: 
J23
J24
J38
J68
E24
Persistent Identifier of the first edition: 
Document Type: 
Article

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