| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w25546 |
| 来源ID | Working Paper 25546 |
| Tax Policy and Local Labor Market Behavior | |
| Daniel G. Garrett; Eric C. Ohrn; Juan Carlos Suárez Serrato | |
| 发表日期 | 2019-02-11 |
| 出版年 | 2019 |
| 语种 | 英语 |
| 摘要 | Since 2002, the US government has encouraged business investment using accelerated depreciation policies that significantly reduce investment costs. We provide the first in-depth analysis of this stimulus on employment and earnings. Our local labor markets approach exploits cross-industry differences in policy generosity interacted with county-level variation in industry concentration. Places that experience larger decreases in investment costs see a level increase in employment that implies a $53,000 cost-per-job. We find no positive effects on average earnings. In contrast, we document a persistent growth in capital. These results imply a capital-labor substitution elasticity that grows over time and can exceed unity. |
| 主题 | Macroeconomics ; Fiscal Policy ; Public Economics ; Taxation ; Labor Economics ; Labor Supply and Demand ; Labor Compensation |
| URL | https://www.nber.org/papers/w25546 |
| 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/583219 |
| 推荐引用方式 GB/T 7714 | Daniel G. Garrett,Eric C. Ohrn,Juan Carlos Suárez Serrato. Tax Policy and Local Labor Market Behavior. 2019. |
| 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 | ||
| w25546.pdf（3160KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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