Garrett, Daniel G.
Tax policy and local labor market behavior / by Daniel G. Garrett, Eric Ohrn and Juan Carlos Suárez Serrato .-- , 2020
Resumen.
Bibliografía.
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 variation in policy generosity interacted with county-level industry location data. This strategy identifies the partial equilibrium effects of accelerated depreciation. Places that experience larger decreases in investment costs see an increase in employment and earnings. In contrast, the policy does not have positive effects on earnings-per-worker. Overall, our findings suggest federal corporate tax policy has large effects on local labor markets.
POLITICA FISCAL
SOCIEDADES
TRIBUTOS LOCALES
REDUCCIONES TRIBUTARIAS
MERCADO DE TRABAJO
SALARIOS
ESTADOS UNIDOS
Ohrn, Eric
Suárez Serrato, Juan Carlos
The American Economic Review 2640-205Xv. 2, n. 1, March 2020, p. 83-100
Tax policy and local labor market behavior / by Daniel G. Garrett, Eric Ohrn and Juan Carlos Suárez Serrato .-- , 2020
Resumen.
Bibliografía.
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 variation in policy generosity interacted with county-level industry location data. This strategy identifies the partial equilibrium effects of accelerated depreciation. Places that experience larger decreases in investment costs see an increase in employment and earnings. In contrast, the policy does not have positive effects on earnings-per-worker. Overall, our findings suggest federal corporate tax policy has large effects on local labor markets.
POLITICA FISCAL
SOCIEDADES
TRIBUTOS LOCALES
REDUCCIONES TRIBUTARIAS
MERCADO DE TRABAJO
SALARIOS
ESTADOS UNIDOS
Ohrn, Eric
Suárez Serrato, Juan Carlos
The American Economic Review 2640-205Xv. 2, n. 1, March 2020, p. 83-100