Designing Inclusion: Tools to Raise Low-end Pay and Employment in Private Enterprise

Designing Inclusion: Tools to Raise Low-end Pay and Employment in Private Enterprise

by Edmund S. Phelps
ISBN-10:
0521036038
ISBN-13:
9780521036030
Pub. Date:
03/26/2007
Publisher:
Cambridge University Press
ISBN-10:
0521036038
ISBN-13:
9780521036030
Pub. Date:
03/26/2007
Publisher:
Cambridge University Press
Designing Inclusion: Tools to Raise Low-end Pay and Employment in Private Enterprise

Designing Inclusion: Tools to Raise Low-end Pay and Employment in Private Enterprise

by Edmund S. Phelps
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Overview

Economists may suppose that low-wage work can result in correspondingly low productivity. The best solution to high unemployment and turnover and low productivity is to pay users of low-wage labor a subsidy for each unit of labor they use. Top economists examine the best ways to address the problem of low wages and employment in the low-skilled labor pool.

Product Details

ISBN-13: 9780521036030
Publisher: Cambridge University Press
Publication date: 03/26/2007
Pages: 180
Product dimensions: 5.91(w) x 8.98(h) x 0.43(d)

About the Author

Edmund S. Phelps is McVickar Professor of Political Economy and Director of the Center on Capitalism and Society at Columbia University.

Table of Contents

List of figures; List of tables; List of contributors; Introduction Edmund S. Phelps; 1. Low-wage employment subsidies in a labour-turnover model of the 'natural rate' Hian Teck Hoon and Edmund S. Phelps; 2. Taxes, subsidies and equilibrium labour market outcomes Dale Mortensen and Christopher Pissarides; 3. Learning-by-doing versus on-the-job training: using variation induced by the EITC to distinguish between models of skill formation James J. Heckman, Lance Lochner and Ricardo Cossa; 4. Unemployment vouchers versus low-wage subsidies J. Michael Orszag and Dennis J. Snower; Index.
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