Economics, Econometrics and Finance
4 years ago

Boosting hiring subsidies and layoff taxes key to recession recovery!

American Economic Journal Macroeconomics
Optimal Labor-Market Policy in Recessions
Philip Jung, Keith Kuester

Paper Summary

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The article discusses how to improve the job market during economic downturns. By using a mix of taxes and subsidies, the researchers found that giving incentives for hiring and discouraging layoffs can help the economy recover. They also discovered that adjusting unemployment benefits doesn't have a big impact.