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Wage subsidies for microenterprises

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De Mel, Suresh (Suresh J.), 1964-, McKenzie, David and Woodruff, Christopher M.. (2010) Wage subsidies for microenterprises. American Economic Review, Vol.100 (No.2). pp. 614-618. ISSN 0002-8282

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Official URL: http://dx.doi.org/10.1257/aer.100.2.614

Abstract

Wage subsidies have long been used by Governments as part of their active labor market policies to generate employment for the disadvantaged or to sustain employment during downturns. The current global financial crisis has seen such policies return to prominence, with many developed nations using such policies to try and reduce lay-offs. Nicholas Kaldor (1936), P. Richard Layard and Stephen Nickell (1980), and Lawrence Katz (1998) lay out the economic arguments for such a policy, and discuss conditions under which a short-term subsidy might have longer-term effects on employment for the targeted individuals.

Item Type:	Journal Article
Subjects:	H Social Sciences > HC Economic History and Conditions
Divisions:	Faculty of Social Sciences > Economics
Library of Congress Subject Headings (LCSH):	Small business, Employment subsidies
Journal or Publication Title:	American Economic Review
Publisher:	Americal Economic Association
ISSN:	0002-8282
Date:	May 2010
Volume:	Vol.100
Number:	No.2
Number of Pages:	5
Page Range:	pp. 614-618
Identification Number:	10.1257/aer.100.2.614
Status:	Peer Reviewed
Publication Status:	Published
Access rights to Published version:	Open Access
Funder:	Bank Netherlands Partnership Program (BNPP), World Bank, National Science Foundation (U.S.) (NSF), Knowledge for Change Trust Fund
Conference Paper Type:	Paper
Title of Event:	122nd Annual Meeting of the American-Economics-Association
Type of Event:	Conference
Location of Event:	Atlanta, GA
Date(s) of Event:	2010
URI:	http://wrap.warwick.ac.uk/id/eprint/5797