Converting Unemployment Benefits into Employment Subsidies
探讨让失业者（尤其是长期失业者）用部分失业救济金作为就业代金券给雇佣他们的企业，以减少失业救济制度造成的市场失灵，并用简单理论和初步实证估计该政策在OECD国家的潜力。
This paper explores the implications of giving unemployed people -- particularly the long-term unemployed -- the opportunity to use part of their unemployment benefits to provide employment vouchers to the firms that hire them. The vouchers would depend positively on unemployment duration and training. The paper argues that this policy would give unemployed people and their potential employers an expanded domain of choices in the labour market and thereby reduce the market failures generated and amplified by unemployment benefit systems. A simple theoretical model is presented, followed by preliminary empirical estimates which suggest that the proposed policy may have significant potential in a number of OECD countries.