Firm Heterogeneity and the Impact of Payroll Taxes / Aniko Biro

By: Contributor(s): Resource type: Ressourcentyp: Buch (Online)Book (Online)Language: English Publisher: Washington, D.C : The World Bank, 2022Description: 1 Online-Ressource (108 pages)Subject(s): Additional physical formats: Erscheint auch als: Firm Heterogeneity and the Impact of Payroll Taxes. Druck-Ausgabe Washington, D.C. : The World Bank, 2023DOI: DOI: 10.1596/1813-9450-10265Online resources: Summary: This paper studies the impact of a large payroll tax cut for older workers in Hungary. Motivated by the predictions of a standard equilibrium job search model, the paper examines the heterogeneous impact of the policy. Employment increases most at low-productivity firms offering low-wage jobs, which tend to hire from unemployment, while the effects are more muted for high-productivity firms offering high-wage jobs. At the same time, wages only increase at high-productivity firms. These results point to important heterogeneity in the incidence of payroll tax cuts across firms and highlight that payroll taxes have a significant impact on the composition of jobs in the labor marketPPN: PPN: 1837814333Package identifier: Produktsigel: ZDB-1-WBA | ZDB-110-WBL | ZDB-110-WBO
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