All Together Now: Leveraging Firms to Increase Worker Productivity Growth / Nathaniel Hilger.

Format:

Book

Author/Creator:

Hilger, Nathaniel.

Contributor:

National Bureau of Economic Research.

Series:

Working Paper Series (National Bureau of Economic Research) no. w23905.

NBER working paper series no. w23905

Language:

English

Physical Description:

1 online resource: illustrations (black and white);

Other Title:

All Together Now

Place of Publication:

Cambridge, Mass. National Bureau of Economic Research 2017.

Summary:

I describe a new policy that endows firms with limited-duration, virtual shares in their own workers' future realized earnings growth. The policy seeks to leverage employers to address a key challenge of the modern world: increasing worker skills well into adulthood. I label the policy "generalized experience rating" (GER) because it builds on the more narrow experience rating long embodied in the US unemployment insurance system. GER can be interpreted as a Pigouvian tax, and as a mandate alleviating an adverse selection problem. I discuss many design issues and potential unintended consequences. I conclude the policy may warrant further research.

Notes:

Print version record

October 2017.