The cost per job-year is approximately $10,000.
Major Findings & Recommendations
The WOTC "tax credit introduced in 2007 that provided subsidies of up to $4,800 to employers who hired certain classes of disabled veterans increased employment among the target population by about 32,000 jobs per year at a cost of roughly $10,000 or less per job-year." (p.12) The WOTC program "increased annual wage income of the target group by 40 percent, which equates to roughly $1,000 per eligible individual." (p.12) "The effects of the credits largely accrued to older veterans, the vast majority of whom served prior to 9/11. Impacts also appear larger among those who are not from disadvantaged demographic groups." (p.9) "The present analysis suggests that [WOTC] investments may provide a valuable source of labor market support for returning and injured veterans during a period of continued labor market weakness" (p.12). (Abstractor: Author and Website Staff)