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Bishop, John H. – Industrial and Labor Relations Review, 1979
The paper specifies mathematically the demand and supply functions for interacting factor markets to characterize the impact of alternative antipoverty programs. Wage subsidies were found to be the most transfer-efficient, implying that education and training is the most cost-effective means of aiding the low-skilled. (MF)
Descriptors: Cost Effectiveness, Economic Research, Employment Programs, Input Output Analysis