| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w18657 |
| 来源ID | Working Paper 18657 |
| Size-Dependent Regulations, Firm Size Distribution, and Reallocation | |
| François Gourio; Nicolas A. Roys | |
| 发表日期 | 2012-12-28 |
| 出版年 | 2012 |
| 语种 | 英语 |
| 摘要 | In France, firms with 50 employees or more face substantially more regulation than firms with less than 50. As a result, the size distribution of firms is visibly distorted: there are many firms with exactly 49 employees. We model the regulation as the combination of a sunk cost that must be paid the first time the firm reaches 50 employees, and a payroll tax that is paid each period thereafter when the firm operates with more than 50 employees. We estimate the model using indirect inference by fitting the discontinuity of the size distribution. The key finding is that the regulation is equivalent to a combination of a sunk cost approximately equal to about one year of an average employee salary, and a small payroll tax of 0.04%. Our structural model fits well the discontinuity in the size distribution. Removing the regulation improves labor allocation across firms, leading in steady-state to an increase in output per worker slightly less than 0.3%, holding the number of firms fixed. However, if firm entry is elastic, the steady-state gains are an order of magnitude smaller. |
| 主题 | Macroeconomics ; Consumption and Investment ; Industrial Organization ; Market Structure and Firm Performance ; Firm Behavior ; Development and Growth ; Development |
| URL | https://www.nber.org/papers/w18657 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/576332 |
| 推荐引用方式 GB/T 7714 | François Gourio,Nicolas A. Roys. Size-Dependent Regulations, Firm Size Distribution, and Reallocation. 2012. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w18657.pdf（871KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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