Does a job guarantee pay off? The fiscal costs of fighting long-term unemployment in Austria

Artikel

The idea of a job guarantee (JG) to tackle unemployment has become popular again over recent years. Critics often point to the fiscal costs and the macroeconomic impact of a government financing full employment. In this paper, we analyse the fiscal costs of a JG for long-term unemployed people over the age of 45 in Austria. We show that a JG pays off in the long run. Even if the amount of jobs to be provided increases in times of a recession, or if a government starts with a certain amount of jobs and increases it afterwards, the JG would pay for itself.

Angaben zum Objekt

• Sprache: Englisch

Verweise und Beziehungen

• Erschienen in: Journal: European Journal of Economics and Economic Policies: Intervention (EJEEP) ; ISSN: 2052-7772 ; Volume: 18 ; Year: 2021 ; Issue: 3 ; Pages: 364-378

Klassifikation und Themen

• Klassifikation: Wirtschaft ; Demand and Supply of Labor: General ; Labor Demand ; Public Sector Labor Markets ; Particular Labor Markets: Public Policy ; Mobility, Unemployment, and Vacancies: Public Policy ; National Government Expenditures and Related Policies: General
• Thema: job guarantee ; employer of last resort ; long-term unemployment ; unemployment ; fullemployment ; budget ; finance ; Austria

Beteiligte, Orts- und Zeitangaben

• Ereignis: Geistige Schöpfung
• (wer): Theurl, Simon ; Tamesberger, Dennis
• Ereignis: Veröffentlichung
• (wer): Edward Elgar Publishing
• (wo): Cheltenham
• (wann): 2021

Weitere Informationen

• DOI: doi:10.4337/ejeep.2021.0077
• Handle: http://hdl.handle.net/10419/277525
• Letzte Aktualisierung: 10.03.2025, 11:43 MEZ