Publications

68 publications found, searching for 'Job Guarantee '

• Policy Note No. 2025/9
  November 24, 2025

  Democratic Renewal and the Green Job Guarantee

  Pavlina R. Tcherneva
  Abstract

  The following remarks were delivered as the keynote at the joint Global Forum for Social and Solidarity Economy (GSEF) and International Centre of Research and Information on the Public, Social…more

• Working Paper No. 1101
  November 18, 2025

  Currencies Come and Go, but Employment Always Takes Root

  Esteban Cruz-Hidalgo, Stuart Medina-Miltimore, and Agustín Mario
  Abstract

  This paper explores a development strategy for peripheral economies by advocating for a paradigm shift from traditional economic models that rely on accumulating foreign reserves. It proposes the job guarantee…more

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• Working Paper No. 1100
  November 05, 2025

  The Death of the Social Contract and the Enshittification of Jobs

  Pavlina R. Tcherneva
  Abstract

  This paper employs the concept of “enshittification”—the systematic degradation of a service or product in the pursuit of profit—as a powerful metaphor to analyze the decay of the US labor…more

  Download Working Paper No. 1100 PDF (433.33 KB)
• Working Paper No. 1095
  October 06, 2025

  A Short History of MGNREGA: Twenty Years in Ten Charts

  Jean Drèze and Rahul R.
  Abstract

  India’s Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA), enacted in 2005, is an experiment of major significance. Drawing on official statistics, this paper presents a broad-brush retrospective on MGNREGA’s…more

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• Working Paper No. 1088
  August 01, 2025

  The Job Guarantee: Lessons from Argentina’s Jefes Plan and Its Reform

  Agustín Mario
  Abstract

  According to current macroeconomic models, there is a need to maintain a natural rate of unemployment to contain inflation. Put simply, unemployment is considered an (inevitable) cost of price stability….more

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• Policy Note No. 2025/5
  July 30, 2025

  Working Harder, Paying Less: Wage Suppression in Greece

  Vlassis Missos and Nikolaos Rodousakis
  Abstract

  The state of the labor market in Greece exemplifies the socioeconomic damage caused by austerity.[i] More than 15 years into a recession that has proven both deep and enduring, signs…more

  Download Policy Note 2025/5 PDF (643.45 KB)
• Working Paper No. 1084
  July 09, 2025

  MMT: Heuristics versus Paradigm Shift?

  L. Randall Wray
  Abstract

  This is a revised version of the keynote address presented at the FDR library for the Levy Institute Summer Seminar on Money, Finance, and Public Policy on June 20th, 2025.

  Download Working Paper No. 1084 PDF (222.28 KB)
• Policy Note No. 2025/2
  April 21, 2025

  Remembering Pope Francis’s Call for a Universal Basic Wage

  Pavlina R. Tcherneva
  Abstract

  On April 21, 2025, a day after Easter Sunday, the world mourned the passing of His Holiness Pope Francis. Five years earlier, on Easter Sunday, April 12, 2020—amid the devastating…more

  Download Policy Note 2025/2 PDF (207.42 KB)
• Public Policy Brief No. 158
  March 04, 2025

  That “Vision Thing”: Formulating a Winning Policy Agenda

  Pavlina R. Tcherneva and L. Randall Wray
  Abstract

  For a PDF version of this Public Policy Brief, please click here. There are many ways to lose a presidential election, and pundits have come up with a long list:…more

  Download Public Policy Brief No. 158 PDF (2.33 MB)
• Working Paper No. 1066
  December 06, 2024

  Job Guarantee Program and the Kaleckian Dilemma

  Caio Vilella and Eduardo F. Bastian
  Abstract

  Originally issued as EDI Working Paper No. 10, November 2023 Minsky (1965) has presented the Job Guarantee program as a recommendation in the war against unemployment and poverty. Kalecki (1943),…more

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• Working Paper No. 1060
  November 26, 2024

  The Job Guarantee

  Pavlina R. Tcherneva
  Abstract

  Originally issued as EDI Working Paper No. 02, 2022 Orthodox economic theory presents the policy maker with an impossible choice: eradicate unemployment at the cost of undesirable inflation or keep…more

  Download Working Paper No. 1060 PDF (995.69 KB)
• Policy Note No. 2024/3
  November 07, 2024

  Trump Wins While Americans Vote for Progressive Policies

  Pavlina R. Tcherneva
  Abstract

  On November 5, 2024, American voters sent Donald Trump back to the White House. In 2020, he lost his bid for reelection to Joe Biden, after winning in 2016 against…more

  Download Policy Note 2024/3 PDF (182.86 KB)
• Policy Note No. 2024/4
  March 14, 2024

  European Job Guarantee

  Rania Antonopoulos
  Abstract

  Despite the gradual economic recovery and positive policy responses during the COVID-19 pandemic, the problem of long-term unemployment continues to plague millions in Europe. To effectively address this and other…more

  Download Policy Note 2024/4 PDF (293.42 KB)
• One-Pager No. 71
  December 14, 2023

  Has the Time Arrived for a Job Guarantee in Europe?

  Rania Antonopoulos
  Abstract

  In comparison to the policy responses in the aftermath of the 2008–9 global financial crisis, the reactions of EU policymakers to the combined shocks of the COVID-19 crisis and Ukraine-Russia…more

  Download One-Pager No. 71 PDF (133.66 KB)
• Policy Note No. 2023/4
  August 23, 2023

  Effects of Forced Formalization (Demonetization) in the Indian Economy 

  Nischal Dhungel
  Abstract

  Nischal Dhungel examines the impact of India’s demonetization experiment—an effort at “forced formalization” of the economy. He urges a more organic approach to formalization, pairing efforts to bring the unbanked…more

  Download Policy Note 2023/4 PDF (388.60 KB)
• Working Paper No. 1022
  July 12, 2023

  Has the Time for a European Job Guarantee Policy Arrived?

  Rania Antonopoulos
  Abstract

  As country after country in the European Union is called to respond to the current challenge of our time—high inflation and declining real wages—governments must engage in a transformative agenda…more

  Download Working Paper No. 1022 PDF (413.22 KB)
• Working Paper No. 1013
  January 18, 2023

  The Economic and Environmental Effects of a Green Employer of Last Resort

  Giuliano Toshiro Yajima, Nikolaos Rodousakis, and George Soklis
  Abstract

  We assess the sectoral impact of the implementation of a “green” employer of last resort (ELR) program in the US, based on an environmental modification of an extended Kurz’s (1985)…more

  Download Working Paper No. 1013 PDF (732.70 KB)
• Working Paper No. 995
  November 03, 2021

  The Employer of Last Resort Scheme and the Energy Transition

  Giuliano Toshiro Yajima
  Abstract

  The health and economic crises of 2020–21 have revived the debate on fiscal policy as a major tool for stabilization and meeting long-term goals. The massive surge in unemployment, due…more

  Download Working Paper No. 995 PDF (1.12 MB)
• Working Paper No. 981
  January 19, 2021

  What Jobs Should a Public Job Guarantee Provide?

  Daniel Haim
  Abstract

  The job guarantee is a viable policy option for tackling both unemployment and underemployment. Hyman P. Minsky was one of the seminal writers on this subject. The first part of…more

  Download Working Paper No. 981 PDF (261.47 KB)
• Working Paper No. 961
  July 13, 2020

  The "Kansas City" Approach to Modern Money Theory

  L. Randall Wray
  Abstract

  Modern money theory (MMT) synthesizes several traditions from heterodox economics. Its focus is on describing monetary and fiscal operations in nations that issue a sovereign currency. As such, it applies…more

  Download Working Paper No. 961 PDF (351.33 KB)
• Book Series
  July 07, 2020

  The Case for a Job Guarantee

  Pavlina R. Tcherneva
  Abstract

  One of the most enduring ideas in economics is that unemployment is both unavoidable and necessary for the smooth functioning of the economy. This assumption has provided cover for the devastating social and…more

• Policy Note No. 4
  May 05, 2020

  Guaranteeing Employment during the Pandemic and Beyond

  Pavlina R. Tcherneva
  Abstract

  The ongoing job losses, already numbering in the tens of millions, and the mass unemployment that will remain once the COVID-19 crisis has passed are of our own making, argues…more

  Download Policy Note 2020/4 PDF (108.51 KB)
• One-Pager No. 55
  May 29, 2018

  The Job Guarantee and the Economics of Fear

  Pavlina R. Tcherneva
  Abstract

  The job guarantee (JG) is finally getting the public debate it deserves, according to Pavlina R. Tcherneva, and criticism is expected. Following the Levy Institute’s latest report analyzing the economic…more

  Download One-Pager No. 55 PDF (102.53 KB)
• Policy Note No. 3
  May 01, 2018

  A Consensus Strategy for a Universal Job Guarantee Program

  L. Randall Wray
  Abstract

  The idea of a universal job guarantee (JG) policy for the United States has become the subject of renewed public debate due to a number of high-profile political endorsements. L….more

  Download Policy Note 2018/3 PDF (165.79 KB)