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来源类型Working Paper
规范类型报告
DOI10.3386/w29485
来源IDWorking 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
URLhttps://www.nber.org/papers/w29485
来源智库National Bureau of Economic Research (United States)
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资源类型智库出版物
条目标识符http://119.78.100.153/handle/2XGU8XDN/587159
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GB/T 7714
E. Mark Curtis,Daniel G. Garrett,Eric C. Ohrn,et al. Capital Investment and Labor Demand. 2021.
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