| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP12537 |
| DP12537 The Effectiveness of Hiring Credits | |
| Thomas Le Barbanchon; Pierre Cahuc; Stéphane Carcillo | |
| 发表日期 | 2017-12-24 |
| 出版年 | 2017 |
| 语种 | 英语 |
| 摘要 | This paper analyzes the effectiveness of hiring credits. Using comprehensive administrative data, we show that the French hiring credit, implemented during the Great Recession, had significant positive employment effects and no effects on wages. Relying on the quasi-experimental variation in labor cost triggered by the hiring credit, we estimate a structural search and matching model. Simulations of counterfactual policies show that the effectiveness of the hiring credit relied to a large extent on three features: it was non-anticipated, temporary and targeted at jobs with rigid wages. We estimate that the cost per job created by permanent hiring credits, either countercyclical or time-invariant, in an environment with flexible wages would have been much higher. |
| 主题 | Labour Economics |
| 关键词 | Hiring credit Labor demand Search and matching model |
| URL | https://cepr.org/publications/dp12537 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/541348 |
| 推荐引用方式 GB/T 7714 | Thomas Le Barbanchon,Pierre Cahuc,Stéphane Carcillo. DP12537 The Effectiveness of Hiring Credits. 2017. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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