@TechReport{iza:izadps:dp4931,
            	author={Huttunen, Kristiina and Pirttilä, Jukka and Uusitalo, Roope},
            	title={The Employment Effects of Low-Wage Subsidies},
            	year={2010},
	month={May},
            	institution={Institute of Labor Economics (IZA)},
            	address={Bonn},
            	type={IZA Discussion Paper},
            	number={4931},
            	url={https://www.iza.org/publications/dp4931},
	abstract={Low-wage subsidies are often proposed as a solution to the unemployment problem among the low skilled. Yet the empirical evidence on the effects of low-wage subsidies is surprisingly scarce. This paper examines the employment effects of a Finnish payroll tax subsidy scheme, which is targeted at the employers of older, full-time, low-wage workers. The system's clear eligibility criteria open up an opportunity for a reliable estimation of the causal impacts of the subsidy, using a difference-in-difference-in-differences approach. Our results indicate that the subsidy system had no effects on the employment rate. However, it appears to have increased the probability of part-time workers obtaining full-time employment.},
	keywords={employment;social security contributions;low-wage subsidies},
            }