Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/277525 
Year of Publication: 
2021
Citation: 
[Journal:] European Journal of Economics and Economic Policies: Intervention (EJEEP) [ISSN:] 2052-7772 [Volume:] 18 [Issue:] 3 [Year:] 2021 [Pages:] 364-378
Publisher: 
Edward Elgar Publishing, Cheltenham
Abstract: 
The idea of a job guarantee (JG) to tackle unemployment has become popular again over recent years. Critics often point to the fiscal costs and the macroeconomic impact of a government financing full employment. In this paper, we analyse the fiscal costs of a JG for long-term unemployed people over the age of 45 in Austria. We show that a JG pays off in the long run. Even if the amount of jobs to be provided increases in times of a recession, or if a government starts with a certain amount of jobs and increases it afterwards, the JG would pay for itself.
Subjects: 
job guarantee
employer of last resort
long-term unemployment
unemployment
fullemployment
budget
finance
Austria
JEL: 
J20
J23
J45
J48
J68
H50
Persistent Identifier of the first edition: 
Creative Commons License: 
cc-by Logo
Document Type: 
Article

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