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Permutation 3; Leisure Time, 1=3.75, Discount rate, d=.04 Participants Private (50% wage subsidy) Private (25% wage subsidy) Public Trainees E1 E2 E3 Firms E4 E5

Permutation 3; Leisure Time, 1=3.75, Discount rate, d=.04 Participants Private (50% wage subsidy) Private (25% wage subsidy) Public Trainees E1 E2 E3 Firms E4 E5 E6 State Government E7 E8 E9 In-State Public E10 E11 E12 Net Sum Sum Sum

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