Incentives Not to Work - WSJ.com
"'The second way government assistance programs contribute to long-term unemployment is by providing an incentive, and the means, not to work.
Each unemployed person has a 'reservation wage'—the minimum wage he or she insists on getting before accepting a job.
Unemployment insurance and other social assistance programs increase [the] reservation wage, causing an unemployed person to remain unemployed longer.'"
No comments:
Post a Comment