Does the Targeted Jobs Tax Credit Create Jobs at Subsidized Firms?
|dc.contributor.author||Bishop, John H.|
|dc.description.abstract||This paper uses the results of a survey of more than 3500 private employers to determine whether use of the Targeted Jobs Tax Credit (TJTC) alters the level of a fIrm's employment and/or whom the fInn hires. We estimate that each subsidized hire generates between .13 and .3 new jobs at a participating fIrm. Use of the program also appears to induce employers to hire more young workers (age 25 and under). Our results suggest, however, that at least 70% of the tax credits granted employers are payments for workers who would have been hired even without the subsidy. Such payments represent mere transfers to employers.|
|dc.title||Does the Targeted Jobs Tax Credit Create Jobs at Subsidized Firms?|
|dc.description.legacydownloads||91_25_Does_the_targeted_jobs.pdf: 1157 downloads, before Oct. 1, 2020.|
|local.authorAffiliation||Bishop, John H.: Cornell University|
|local.authorAffiliation||Montgomery, Mark: Grinnell College|