This paper develops a general framework to allocate subsidies to private investments in the presence of jobs-linked externalities (JLEs). JLEs emerge when wages exceed the opportunity cost of labor (labor externalities), or when there are social gains from creating better jobs for some classes of worker, such as women or youth (social externalities). Like all externalities, JLEs create a gap between private and social rates of return. Investments...
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INFORMATION
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2020/06/01
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Document de travail (série numérotée)
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149396
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1
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1
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2020/06/09
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Disclosed
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Allocating Subsidies for Private Investments to Maximize Jobs Impacts
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social rate of return