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Article in Journal ()

Labour costs and employment policy

Hart RA & Ruffell R (1998) Labour costs and employment policy, National Institute Economic Review, 165 (1), pp. 99-108.

Under the Government's New Deal proposals to help create jobs for the young unemployed, employers are offered margtnal employment subsidies. Such interventions involve relative changes in the firm's fixed and variable labour costs. In turn, cost changes have implications for both employment and hours of work. This study examines possible strengths and weaknesses of employment policies that are designed to price young unemployed into jobs by reducing related labour costs. It focuses on one such intervention, the major restructuring of employers' National Insurance Contributions (NICs) in the 1985 Budget. This is then linked to the New Deal measures.

AuthorsHart Robert A, Ruffell Robin
Publication date07/1998
PublisherSAGE Publications / National Institute of Economic and Social Research
ISSN 0027-9501

National Institute Economic Review: Volume 165, Issue 1 (JUL 1998)

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