| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP14052 |
| DP14052 Hysteresis from Employer Subsidies | |
| David Seim; Emmanuel Saez; Benjamin Schoefer | |
| 发表日期 | 2019-10-11 |
| 出版年 | 2019 |
| 语种 | 英语 |
| 摘要 | This paper uses administrative data to analyze a large and 8-year long employer payroll tax rate cut in Sweden for young workers aged 26 or less. First, we document that while active, the reform raised youth employment among the treated workers. The long-run effects are twice as large as the medium-run effects and likely driven by labor demand (as workers’ take-home wages did not respond). Second, we document novel labor-demand-driven “hysteresis” from this policy – i.e. persistent employment effects even after the subsidy no longer applies – along two dimensions. Over the lifecycle, employment effects persist even after workers age out of eligibility. Two years after the repeal, employment remains elevated at the maximal reform level in the formerly subsidized ages. These hysteresis effects triple the direct employment effects of the reform. Discrimination against young workers in job posting fell during the reform and does not bounce back after repeal, potentially explaining our results. |
| 主题 | Labour Economics ; Public Economics |
| URL | https://cepr.org/publications/dp14052 |
| 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/542939 |
| 推荐引用方式 GB/T 7714 | David Seim,Emmanuel Saez,Benjamin Schoefer. DP14052 Hysteresis from Employer Subsidies. 2019. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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