Notes |
Steven Rothschild Interview Federal Reserve 2014: https://www.stlouisfed.org/community-development/multimedia/8-from-the-eighth/invest-outcomes
With the help of two Minneapolis Federal Reserve Bank economists, in 1995 Rothschild approached the state with a pay-for-performance proposal.They calculated that each time a graduate of the program secured a job that paid at least $20,000 annually that also included health benefits, the state netted $3,800.00 per year through increased taxes and lower subsidy payments (i.e., welfare).
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