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0ECD 0i H additional aggregate demand cent countercyclical DESCRIPTION OF EMPLOYMENT designed direct job creation displacement displacement effect eligible employ employers employment effect employment impact employment sub employment subsidy measures employment subsidy programmes EVALUATIONS OF EMPLOYMENT gramme H 0i high unemployment incentives income increase employment incremental industries inflation jobs created labour demand labour force labour market labour supply level of measured low-skill workers low-wage macro-economic marginal employment subsidy marginal stock subsidies measured unemployment minimum wage NAIRU objective OECD OECD countries Okun's Law output Pact paid participants period Phillips curve ployment policies potential problem productivity recruitment reduced sidy SOOSIOY structural target group workers targeted employment subsidy Targeted Marginal Employment Tax Credit unem unemployed unemployment rate United Kingdom wage rate wage subsidy