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- W1990444909 abstract "DIRECT JOB CREATION and selective wage subsidies are policies designed to alter the mix of employment in favor of workers who, in the normal course of economic events, experience high rates of unemployment. As instruments of macroeconomic policy, these measures are intended to mitigate the conflict between society's goals for unemployment and inflation. The hope is to cheat the Phillips curve. For the short run, as in the current cyclical recovery, this means to diminish the inflationary consequences of higher rates of employment. For the long run, it means to diminish the natural rate of unemployment-or, to use a more neutral term, the minimal nonaccelerating-inflation rate of unemployment" @default.
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- W1990444909 date "1977-01-01" @default.
- W1990444909 modified "2023-10-18" @default.
- W1990444909 title "Macroeconomic Effects of Selective Public Employment and Wage Subsidies" @default.
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- W1990444909 doi "https://doi.org/10.2307/2534409" @default.
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