Journal Article
Wage Subsidies as a Labour Market Policy Tool
Lok Sang Ho
Policy Sciences
Vol. 33, No. 1 (Mar., 2000), pp. 89-100
Published
by: Springer
https://www.jstor.org/stable/4532489
Page Count: 12
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Topics: Minimum wage, Negative income taxes, Unemployment, Free trade, Hiring, Tax subsidies, Workforce
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Abstract
In this paper, the author argues that wage subsidy is a valuable policy tool in the face of structural changes such as would result from the removal of tariffs, or in the face of a need to assist the disadvantaged or redress distributional inequity. After discussing wage subsidies that target specific segments of the population, which has the potential to improve both static and dynamic efficiency, the author goes on to discuss and contrast his universal wage subsidy proposal with the negative income tax and the minimum wage legislation, all of which are designed mainly for distributional purposes.
Policy Sciences
© 2000 Springer