employment guarantee programs a survey of theories and policy.pdfVIP

Working Paper No. 498 Employment Guarantee Programs: A Survey of Theories and Policy Experiences* by Fadhel Kaboub Drew University fkaboub@ May 2007 *A similar version of this paper will appear under the title “Employer of Last Resort Schemes” in P. A. O’Hara (ed), International Encyclopedia of Public Policy : Governance in a Global Age, Perth: GPERU, 2008. The author wishes to thank L. Randall Wray, Philip OHara, Mathew Forstater, Zdravka Todorova, Shakuntala Das, Corinne Pastoret, and one anonymous referee for thoughtful comments and suggestions. Remaining errors are the authors. The Levy Economics Institute Working Paper Collection presents research in progress by Levy Institute scholars and conference participants. The purpose of the series is to disseminate ideas to and elicit comments from academics and professionals. The Levy Economics Institute of Bard College, founded in 1986, is a nonprofit, nonpartisan, independently funded research organization devoted to public service. Through scholarship and economic research it generates viable, effective public policy responses to important economic problems that profoundly affect the quality of life in the United States and abroad. The Levy Economics Institute P.O. Box 5000 Annandale-on-Hudson, NY 12504-5000 Copyright © The Levy Economics Institute 2007 All rights reserved. Employment Guarantee Programs: A Survey of Theories and Policy Experiences by Fadhel Kaboub ABSTRACT This working paper provides a survey of the theoretical underpi