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feat(data): Add Go2010 study on wage subsidies

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Marty Oehme 2024-02-08 16:55:54 +01:00
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02-data/intermediate/zotero-library.bib
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@ -20955,7 +20955,7 @@ Lastly, there is a large gender heterogeneity, with women increasing their busin
doi = {10.1080/00220380903428456},
abstract = {We use a general equilibrium model to analyse the employment effects and fiscal cost of a wage subsidy in South Africa. We capture the structural characteristics of the labour market with several labour categories and substitution possibilities, linking the economy-wide results to a micro-simulation model with occupational choice probabilities to investigate the poverty and distributional consequences. The employment impact depends greatly on the elasticities of substitution of factors of production, being very minimal if unskilled and skilled labour are complements in production. The impact is improved by supporting policies, but the gains remain modest if the labour market is rigid.},
unique-id = {WOS:000283552200001},
keywords = {program::wage subsidy,region::SSA,relevance::unsure,sample::almp},
keywords = {done::extracted,region::SSA,sample::almp,type::subsidy},
note = {A study using a general equilibrium labor market model as well as a more micro-level household impact modeling to estimate the impact of an employment subsidy on South African unemployment reduction probabilities, as well as general earnings effects.\textbf{It predicts a positive but modest impact on employment with an increase in employment primarily for low-/semi-skilled labor, accompanied by reductions in poverty and inequality.\textbf{It also finds that the employment impacts majorly depend on the elasticity of substitution of the factors of production, primarily the relationship of skilled and unskilled labor.\textbf{If both are rigid complements in production, which the study suggests they are due to South Africa's lack of labor market flexibility, it may lead to an overall labor demand/supply rigidity which greatly hinders the impact of such an employment subsidy.}}}},
timestamp = {2022-03-05T11:01:52Z},
file = {/home/marty/Zotero/storage/HRCKMFUU/Go2010_Wage_subsidy_and_labour_market_flexibility_in_south_africa.pdf}