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Prospective Analysis of a Wage Subsidy for Cape Town Youth / James A. Levinsohn, Todd Pugatch.
- Format:
- Book
- Author/Creator:
- Levinsohn, James A.
- Series:
- Working Paper Series (National Bureau of Economic Research) no. w17248.
- NBER working paper series no. w17248
- Language:
- English
- Physical Description:
- 1 online resource: illustrations (black and white);
- Place of Publication:
- Cambridge, Mass. National Bureau of Economic Research 2011.
- Summary:
- Recognizing that a credible estimate of a wage subsidy's impact requires a model of the labor market that itself generates high unemployment in equilibrium, we estimate a structural search model that incorporates both observed heterogeneity and measurement error in wages. Using the model to examine the impact of a wage subsidy, we find that a R1000/month wage subsidy paid to employers leads to an increase of R660 in mean accepted wages and a decrease of 15 percentage points in the share of youth experiencing long-term unemployment.
- Notes:
- Print version record
- July 2011.
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