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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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Publisher:
OUP
Journal:
Cambridge Journal of Economics
Volume:
21
Pages:
103 - 120
Publication date:
1997-01-01
DOI:
ISSN:
0309-166X
Language:
English
UUID:
uuid:6df76874-dfae-4d83-87b5-86e098a95eb6
Local pid:
oai:economics.ouls.ox.ac.uk:13866
Deposit date:
2011-08-16

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