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The fiscal and distributional implications of job generation

Abstract:

This article estimates the cost of a public investment-led job creation programme for the United Kingdom. A programme creating an additional one million jobs at the current average wage would involve a net cost to the Treasury dramatically lower than the gross cost; £17 billion worth of spending would result in a net cost of around £7 billion. Given that even a partial restoration of progressive taxation would bring in more than half this net amount, improved living standards could be brought...

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Publication status:
Published
Peer review status:
Peer reviewed

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Institution:
University of Cambridge
Department:
Judge Business School
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Institution:
University of Oxford
Oxford college:
Kellogg College
Department:
Continuing Education
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Institution:
Institute for Social and Economic Research
Publisher:
Cambridge Political Economy Society
Journal:
Cambridge Journal of Economics Journal website
Volume:
21
Issue:
1
Pages:
103-120
Publication date:
1997-01-05
EISSN:
1464-3545
ISSN:
0309-166X
URN:
uuid:16cdea40-a5f5-4daf-a3c7-f60b9500b29e
Local pid:
ora:2191
Language:
English
Keywords:
Subjects:

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