Author(s):
Teixeira, Paulino 
Date: 1999
Persistent ID: http://hdl.handle.net/10316/5507
Origin: Estudo Geral - Universidade de Coimbra
Document details
Investment in Good Jobs
Description
Relaxing the standard assumption of one price in labor markets, we evaluate the impact of labor subsidies, namely, the effects of an industrial policy designed to reallocate workers from low-wage to high-wage industries through subsidization of training costs. We found that the welfare gains can be substantial, and, in contrast to well-established results, the wage gap between low-paid workers and high-paid workers is actually reduced. http://www.sciencedirect.com/science/article/B6V82-3XYG5WC-6/1/745c42df0f633ba4f676d9047be98eb3
Relaxing the standard assumption of one price in labor markets, we evaluate the impact of labor subsidies, namely, the effects of an industrial policy designed to reallocate workers from low-wage to high-wage industries through subsidization of training costs. We found that the welfare gains can be substantial, and, in contrast to well-established results, the wage gap between low-paid workers and high-paid workers is actually reduced. http://www.sciencedirect.com/science/article/B6V82-3XYG5WC-6/1/745c42df0f633ba4f676d9047be98eb3
Document Type
Article
Language English
Language English
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