Rewarding Work

Edmund S. Phelps is Winner of the 2006 Nobel Memorial Prize in Economic ScienceSince the 1970s a gulf has opened between the pay of low-paid workers and the pay of the middle class. No longer able to earn a decent wage in respectable work, many have left the labor force, and the job attachment of those remaining has weakened. For Edmund Phelps, this is a failure of political economy whose widespread effects are undermining the free-enterprise system. His solution is a graduated schedule of tax subsidies to enterprises for every low-wage worker they employ. As firms hire more of these workers, the labor market would tighten, driving up their pay levels as well as their employment.

出版者:Harvard University Press

作者:Edmund S. Phelps

页数:208

出版时间:1999-4-15

价格:USD 19.50

装帧:Paperback

isbn号码:9780674094963

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