Manpower Programs in a Local Labor Market: A Theoretical Note
在限制性假设下分析了多种补贴计划在降低失业方面的相对效率，为评估1960年代美国人力计划的效果提供了理论视角。
A major aspect of social policy in the United States during the 1960's was the effort to increase employment and lessen the extent of poverty. The effects of these efforts, in particular those of the Manpower Development and Training Act, have been discussed by economists solely within the framework of empirical cost-benefit analysis. In this note we take a different approach to the study of manpower programs. Under a set of admittedly restrictive assumptions we analyze the relative efficiencies in reducing unemployment of several alternative subsidy programs. It should be remembered that the reduction of unemployment is merely one goal of these programs and that the usefulness of our result must be qualified accordingly.