G2TT
来源类型Discussion paper
规范类型论文
来源IDDP12537
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
URLhttps://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.
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