@TechReport{iza:izadps:dp3772,
            	author={Bernhard, Sarah and Gartner, Hermann and Stephan, Gesine},
            	title={Wage Subsidies for Needy Job-Seekers and Their Effect on Individual Labour Market Outcomes after the German Reforms},
            	year={2008},
	month={Oct},
            	institution={Institute of Labor Economics (IZA)},
            	address={Bonn},
            	type={IZA Discussion Paper},
            	number={3772},
            	url={https://www.iza.org/publications/dp3772},
	abstract={Our paper estimates the average effect of wage subsidies – paid to employers for a limited period of time – on the labour market prospects of needy job-seekers without access to insurance-paid 'unemployment benefit I'. The results show that wage subsidies had large and significant favourable effects: 20 months after taking up a subsidised job, the share of persons in regular employment is nearly 40 percentage points higher across participants. On the whole, groups with particular placement difficulties benefit comparatively more from subsidisation.},
	keywords={wage subsidies;unemployment benefits II for needy job-seekers;evaluation of active labour market programmes;propensity score matching},
            }