We explore the far-reaching implications of low-wage subsidies on skill formation, aggregate employment and welfare …. Low-wage subsidies have three important effects. First, they promote employment of low-skilled workers (who tend to be the … reduce the incentive to become skilled. So they increase the low-skilled labor force which faces a relatively low employment …

This paper provides a theoretical and quantitative analysis of various types of wellknown employment subsidies. Two … important questions are addressed: (i) How should employment subsidies be targeted? (ii) How large should the subsidies be? We …) improve employment and welfare, (b) do not raise earnings inequality and (c) are self-financing. This criterion enables us to …

This paper provides a theoretical and quantitative analysis of various types of wellknown employment subsidies. Two … important questions are addressed: (i) How should employment subsidies be targeted? (ii) How large should the subsidies be? We …) improve employment and welfare, (b) do not raise earnings inequality and (c) are self-financing. This criterion enables us to …

We explore the far-reaching implications of low-wage subsidies on aggregate employment. Low-wage subsidies have three … important effects. First, they promote employment of unskilled workers (who tend to be the ones who earn low wages). Second, by … that there are more unskilled workers associated with a relatively low employment rate. Third, the government budget …

This paper provides a theoretical and quantitative analysis of various types of wellknown employment subsidies. Two … important questions are addressed: (i) How should employment subsidies be targeted? (ii) How large should the subsidies be? We …) improve employment and welfare, (b) do not raise earnings inequality and (c) are self-financing. This criterion enables us to …

youth employment and education in Turkey. Using a regression discontinuity design in tandem with a difference …-in-discontinuities analysis, we find that increasing the minimum wage reduces the employment probability of young males by 2.5-3.1 percentage …, while the likelihood of transitioning into "neither in employment nor in education and training" (NEET) category notably …

employment and education. Using a regression discontinuity design in tandem with a difference-in-discontinuities analysis, we … find that increasing the minimum wage substantially reduces the employment of young males. In terms of magnitudes, the … employment probability declines by 2.5-3.1 percentage points at the 16-year-old age cut-off. Moreover, the probability of …

In contrast to common theoretical expectations, the negative employment effects of minimum wages have mostly been found … market. Small negative employment effects of minimum wages are derived under plausible conditions. These small effects might …

employment and education. Using a regression discontinuity design in tandem with a difference-in-discontinuities analysis, we … find that increasing the minimum wage substantially reduces the employment of young males. In terms of magnitudes, the … employment probability declines by 2.5-3.1 percentage points at the 16-year-old age cut-off. Moreover, the probability of …