Wage Subsidies

Title:: Wage Subsidies
Description:: What’s the difference between a wage subsidy and a minimum wage? What is the cost of a wage subsidy to taxpayers? We take a look at the earned income tax credit and how it affects low-skilled workers. We also discuss Nobel Prize-winning economist Edmund Phelps' work on wage subsidies.

Microeconomics Course: http://mruniversity.com/courses/principles-economics-microeconomics

Ask a question about the video: http://mruniversity.com/courses/principles-economics-microeconomics/wage-subsidies-minimum-wage-earned-income-tax-credit#QandA

Next video: http://mruniversity.com/courses/principles-economics-microeconomics/price-system-definition-invisible-hand

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Video Language:: English
Team:: Marginal Revolution University
Project:: Micro
Duration:: 04:27

	Lilian Chiu edited Chinese, Traditional subtitles for Wage Subsidies
	Lilian Chiu edited Chinese, Traditional subtitles for Wage Subsidies
	Lilian Chiu edited Chinese, Traditional subtitles for Wage Subsidies
	Katalin Chikán edited Hungarian subtitles for Wage Subsidies
	Katalin Chikán edited Hungarian subtitles for Wage Subsidies
	Katalin Chikán edited Hungarian subtitles for Wage Subsidies
	Katalin Chikán edited Hungarian subtitles for Wage Subsidies
	Marilia_PM edited Hungarian subtitles for Wage Subsidies