Gateway to Think Tanks
来源类型 | Working Paper |
规范类型 | 报告 |
DOI | 10.3386/w26391 |
来源ID | Working Paper 26391 |
Hysteresis from Employer Subsidies | |
Emmanuel Saez; Benjamin Schoefer; David Seim | |
发表日期 | 2019-10-21 |
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. We replicate previous results documenting that during the earlier years of the reform, it raised youth employment among the treated workers, driven by labor demand (as workers' take-home wages did not respond). First, drawing on additional years of data, this paper then documents that the longer-run effects during the reform are twice as large as the medium-run effects. 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. Three years after the repeal, employment remains elevated at the maximal reform level in the formerly subsidized ages. These hysteresis effects more than double 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 | Public Economics ; Taxation ; Labor Economics ; Labor Supply and Demand ; Labor Discrimination |
URL | https://www.nber.org/papers/w26391 |
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/584065 |
推荐引用方式 GB/T 7714 | Emmanuel Saez,Benjamin Schoefer,David Seim. Hysteresis from Employer Subsidies. 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 | ||
w26391.pdf(753KB) | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 |
除非特别说明,本系统中所有内容都受版权保护,并保留所有权利。