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Full-Text Articles in Social and Behavioral Sciences
The U.S. Economic Crisis And A Revised New Jobs Tax Credit, Timothy J. Bartik
The U.S. Economic Crisis And A Revised New Jobs Tax Credit, Timothy J. Bartik
Upjohn Institute Policy Papers
An efficacious economic stimulus to help the U.S. economy recover from its current recession is the revival of the New Jobs Tax Credit. Unlike the original credit utilized by the federal government in 1977– 1978, the new version should be a refundable credit but at a lower current dollar value. My 2001 book, Jobs for the Poor: Can Labor Demand Policies Help? proposed a permanent version f the New Jobs Tax Credit that would be automatically triggered when the unemployment rate is high. My estimates, updated to 2008, suggest that such a revised credit might increase aggregate U.S. employment by …
The Effect Of Employment Frictions On Crime: Theory And Estimation, Bryan Engelhardt
The Effect Of Employment Frictions On Crime: Theory And Estimation, Bryan Engelhardt
Economics Department Working Papers
I investigate how long it takes for released inmates to find a job, and when they find a job, how their incarceration rate changes. An on-the-job search model with crime is used to model criminal behavior, derive the estimation method and analyze several policies including a job placement program. The results show the unemployed are incarcerated twice as fast as the employed and take on average four months to find a job. Combining these results, it is demonstrated that reducing the average unemployment spell of criminals by two months reduces crime and recidivism by more than five percent.
Hysteresis In Unemployment: Evidence From Latin America, Matias Mednik, Cesar Rodriguez, Inder J. Ruprah
Hysteresis In Unemployment: Evidence From Latin America, Matias Mednik, Cesar Rodriguez, Inder J. Ruprah
Economics Faculty Publications and Presentations
This paper tests the hysteresis hypothesis in unemployment for 13 Latin American countries covering the period 1980-2005. The tests exploit the time series and the cross sectional variation of the series, and allows for cross section dependence and a different number of endogenously determined structural breakpoints. The findings give support to the hysteric dynamic hypothesis for the majority of the countries analyzed. The implications of the results have ramifications regarding macro-stabilization, structural reform, and the design of social safety protection.
Labor Retrenchment Laws And Their Effect On Wages And Employment: A Theoretical Investigation, Kaushik Basu, Gary S. Fields, Shub Debgupta
Labor Retrenchment Laws And Their Effect On Wages And Employment: A Theoretical Investigation, Kaushik Basu, Gary S. Fields, Shub Debgupta
Gary S Fields
No abstract provided.