Hiring subsidies, job creation and job destruction

Sagiri Kitao; Ayşegül Şahin; Joseph Song

doi:10.1016/j.econlet.2011.08.001

Hiring subsidies, job creation and job destruction

Sagiri Kitao, Ayşegül Şahin, Joseph Song

Department of Economic

Research output: Contribution to journal › Article › peer-review

6 Citations (Scopus)

Abstract

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.

Original language	English
Pages (from-to)	248-251
Number of pages	4
Journal	Economics Letters
Volume	113
Issue number	3
DOIs	https://doi.org/10.1016/j.econlet.2011.08.001
Publication status	Published - 2011 Dec 1

Keywords

Employment
Hiring subsidy
Unemployment

ASJC Scopus subject areas

Finance
Economics and Econometrics

UN SDGs

This output contributes to the following UN Sustainable Development Goals (SDGs)

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10.1016/j.econlet.2011.08.001

Cite this

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title = "Hiring subsidies, job creation and job destruction",

abstract = "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.",

keywords = "Employment, Hiring subsidy, Unemployment",

author = "Sagiri Kitao and Ay{\c s}eg{\"u}l {\c S}ahin and Joseph Song",

year = "2011",

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AU - Song, Joseph

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N2 - 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.

AB - 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.

KW - Employment

KW - Hiring subsidy

KW - Unemployment

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DO - 10.1016/j.econlet.2011.08.001

M3 - Article

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JO - Economics Letters

JF - Economics Letters

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ER -

Hiring subsidies, job creation and job destruction

Abstract

Keywords

ASJC Scopus subject areas

UN SDGs

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