Contini, Bruno; Revelli, Federico - Collegio Carlo Alberto, Università degli Studi di Torino - 2004
wage subsidy on youth labor, this paper performs a rudimentary cost-benefit analysis of Italy’s training and employment … fact that the welfare effect of a targeted wage subsidy – in the form of a payroll tax rebate for firms employing youth … revenues and benefits to young workers, the introduction of a 15% wage subsidy can be expected to generate a small employment …