The government wants to encourage individuals on welfare to become employed. It is considering two possible incentive

Question:

The government wants to encourage individuals on welfare to become employed. It is considering two possible incentive programs:
a. Give firms $2 per hour for every individual on welfare who is hired.
b. Give each firm that hires one or more welfare workers a payment of $1000 per year, irrespective of the number of hires.
To what extent is each of these programs likely to be effective at increasing the employment opportunities for welfare workers?
Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

Microeconomics

ISBN: 978-0132857123

8th edition

Authors: Robert Pindyck, Daniel Rubinfeld

Question Posted: