| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w29485 |
| 来源ID | Working Paper 29485 |
| Capital Investment and Labor Demand | |
| E. Mark Curtis; Daniel G. Garrett; Eric C. Ohrn; Kevin A. Roberts; Juan Carlos Suárez Serrato | |
| 发表日期 | 2021-11-15 |
| 出版年 | 2021 |
| 语种 | 英语 |
| 摘要 | We study how tax policies that lower the cost of capital impact investment and labor demand. Difference-in-differences estimates using confidential Census Data on manufacturing establishments show that tax policies increased both investment and employment, but did not stimulate wage or productivity growth. Using a structural model, we find that the primary effect of the policy was to increase the use of all inputs by lowering costs of production and that capital and production workers are complementary inputs in modern manufacturing. Our results show that tax policies that incentivize capital investment do not lead manufacturing plants to replace workers with machines. |
| 主题 | Microeconomics ; Households and Firms ; Public Economics ; Taxation ; Labor Economics ; Labor Supply and Demand |
| URL | https://www.nber.org/papers/w29485 |
| 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/587159 |
| 推荐引用方式 GB/T 7714 | E. Mark Curtis,Daniel G. Garrett,Eric C. Ohrn,et al. Capital Investment and Labor Demand. 2021. |
| 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 | ||
| w29485.pdf（1376KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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