抄録
We quantify the effects of hiring subsidies using the model of Mortensen and Pissarides (2003). The job creation effect can be large in a weak labor market. However, in the long-run, subsidies raise the wage and equilibrium unemployment.
本文言語 | English |
---|---|
ページ(範囲) | 248-251 |
ページ数 | 4 |
ジャーナル | Economics Letters |
巻 | 113 |
号 | 3 |
DOI | |
出版ステータス | Published - 2011 12月 1 |
ASJC Scopus subject areas
- 財務
- 経済学、計量経済学