全球智库信息集成服务系统(G2TT): Can Payroll Tax Cuts Help Firms During Recessions?

G2TT

来源类型	Working Paper
规范类型	报告
DOI	10.3386/w27485
来源ID	Working Paper 27485
	Can Payroll Tax Cuts Help Firms During Recessions?
	Youssef Benzarti; Jarkko Harju
发表日期	2020-07-06
出版年	2020
语种	英语
摘要	This paper estimates the effect of payroll tax cuts on firm activity during economic downturns. We use two regional payroll tax cuts in Finland as well as the onset of the Great Recession to estimate the effect of the recession on firms treated by the payroll tax cuts compared to a similar control group. When implemented, prior to the Great Recession, we estimate that the payroll tax cuts had limited effects on firms located in the treated regions. However, when the recession starts, some of its negative effects were substantially hampered by the previously enacted payroll tax cuts in treated firms. These effects are exacerbated for men and low-skilled employees. We also find that sales and profits in treated firms respond differently in treated firms during the recession. This shows that payroll tax cuts can make firms more resilient during downturns.
主题	Public Economics ; Taxation
URL	https://www.nber.org/papers/w27485
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/585157
推荐引用方式 GB/T 7714	Youssef Benzarti,Jarkko Harju. Can Payroll Tax Cuts Help Firms During Recessions?. 2020.