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

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

8 Scopus citations

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 (US)
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
State	Published - Dec 2011
Externally published	Yes

All Science Journal Classification (ASJC) codes

Finance
Economics and Econometrics

Keywords

Employment
Hiring subsidy
Unemployment

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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",

month = dec,

doi = "10.1016/j.econlet.2011.08.001",

language = "English (US)",

volume = "113",

pages = "248--251",

journal = "Economics Letters",

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T1 - Hiring subsidies, job creation and job destruction

AU - Kitao, Sagiri

AU - Şahin, Ayşegül

AU - Song, Joseph

PY - 2011/12

Y1 - 2011/12

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

UR - https://www.scopus.com/pages/publications/80052566596

UR - https://www.scopus.com/pages/publications/80052566596#tab=citedBy

U2 - 10.1016/j.econlet.2011.08.001

DO - 10.1016/j.econlet.2011.08.001

M3 - Article

AN - SCOPUS:80052566596

SN - 0165-1765

VL - 113

SP - 248

EP - 251

JO - Economics Letters

JF - Economics Letters

IS - 3

ER -

Hiring subsidies, job creation and job destruction

Abstract

All Science Journal Classification (ASJC) codes

Keywords

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