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Benefit Transfers: A Cost‐effective Route from Welfare to Work
Author(s) -
Snower Dennis,
Orszag Michael
Publication year - 1997
Publication title -
economic outlook
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.1
H-Index - 8
eISSN - 1468-0319
pISSN - 0140-489X
DOI - 10.1111/1468-0319.00087
Subject(s) - subsidy , unemployment , economics , work (physics) , welfare , labour economics , term (time) , government (linguistics) , cost benefit , public economics , economic growth , market economy , management , mechanical engineering , linguistics , philosophy , physics , quantum mechanics , engineering
As part of its “Welfare‐to‐work” programme, the new Labour government has adopted the Benefit Transfer Programme – allowing unemployment benefits to be translated into job subsidies. In this article, Denis Snower and Michael Orszag argue that this offers a cost‐effective approach to tackling unemployment that should pay for itself over the long‐term, and argue for the extension and development of this approach to helping the long–term unemployed.