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

£23.99

Edmund S. Phelps, Hian Teck Hoon, Dale Mortensen, Christopher Pissarides, James J. Heckman, Lance Lochner, Ricardo Cossa, J. Michael Orszag, Dennis J. Snower
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  • Date Published: May 2007
  • availability: Available
  • format: Paperback
  • isbn: 9780521036030

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  • An inclusion failure has become highly visible in the advanced economies of the West. Too many able-bodied people are subject to chronic joblessness and, when employed, cannot earn a living remotely like that in the mainstream of the population. One policy response has been to give such workers a range of goods and services without charge, another has been to single out some groups for tax credits tied to their earnings. However, many of the welfare programs actually weaken people's incentive to participate in the labour force and wage-income tax credits appear to have made hardly a dent in joblessness. This volume brings together leading economists to present four studies of methods to rebuild self-sufficiency and boosting employment: a graduated employment subsidy, a hiring subsidy and subsidies for training and education. It is of interest to anyone with a serious interest in the economics of subsidies to raise inclusion.

    • Written by leading economists, including last year's Nobel Prize winner James Heckman
    • Deals with one of the key economic problems in advanced economies, the emergence of a low paid/unemployed underclass
    • Compares effectiveness of alternative approaches
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    Product details

    • Date Published: May 2007
    • format: Paperback
    • isbn: 9780521036030
    • length: 180 pages
    • dimensions: 228 x 150 x 11 mm
    • weight: 0.282kg
    • contains: 24 tables
    • availability: Available
  • 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.

  • Editor

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

    Contributors

    Edmund S. Phelps, Hian Teck Hoon, Dale Mortensen, Christopher Pissarides, James J. Heckman, Lance Lochner, Ricardo Cossa, J. Michael Orszag, Dennis J. Snower

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