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Full-Text Articles in Labor Economics
Bringing Jobs To People: Improving Local Economic Development Policies, Timothy J. Bartik
Bringing Jobs To People: Improving Local Economic Development Policies, Timothy J. Bartik
Upjohn Institute Policy Papers
Many local labor markets in the United States suffer from low employment rates, but getting people to move out of these distressed areas is difficult. Moreover, moving people to job-rich regions does not help those left behind, as out-migration destroys jobs in distressed areas. A better way to help the residents of distressed areas is through local economic development policies that boost job growth and employment rates in a sustained fashion. Such policies can successfully encourage local business and job growth through business tax incentives, cash grants, or customized public services, such as advice to small businesses, job training, infrastructure …
Place-Based Policy: An Essay In Two Parts, Timothy J. Bartik
Place-Based Policy: An Essay In Two Parts, Timothy J. Bartik
Upjohn Institute Policy Papers
Place-based policies that increase jobs in local labor markets can have large benefits, but current policies need reforms. Local job growth can have large benefits by increasing local employment-to-population ratios (employment rates). These employment rate benefits are larger if jobs are created in local labor markets that are distressed, or if new jobs are matched to the local nonemployed. Current place-based policies are mostly business tax incentives, provided by state and local governments. These incentives are costly per job actually created by the incentive. More cost-effective job creation are public services to businesses, such as customized job training or business …
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 …