Tools to Raise Low-end Pay and Employment in Private Enterprise
Edited by Edmund S. Phelps
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Designing Inclusion by Edmund S. Phelps
Book DescriptionAn 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.
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Book DetailsISBN: 9780521036030
(228mm x 152mm x 11mm)
Imprint: Cambridge University Press
Publisher: Cambridge University Press
Publish Date: 26-Mar-2007
Country of Publication: United Kingdom
Books By Author Edmund S. Phelps
Seven Schools of Macroeconomic Thought, Paperback (October 2015)
A survey of various macroeconomic topics which feature prominently in the research agenda and have inspired both theoretical and policy debate.
Mass Flourishing, Paperback (April 2015)
Phelps explores what makes nations prosper--and why the sources of that prosperity are under threat today. Why did prosperity explode in some nations between the 1820s and 1960s, creating not just unprecedented material wealth but "flourishing"--meaningful work, self-expression, and personal growth for more people than ever before?
Perspectives on the Performance of the Continental Economies, Hardback (July 2011)» View all books by Edmund S. Phelps
Leading economists consider the apparent underperformance of the European economy, testing various explanations against data.
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Author Biography - Edmund S. Phelps
Edmund S. Phelps is McVickar Professor of Political Economy and Director of the Center on Capitalism and Society at Columbia University.
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