000			01324nam a22001577a 4500
999			_c514434 _d514434
008			201102b ||||| |||| 00| 0 eng d
100			_aGarrett, Daniel G., Eric Ohrn, and Juan Carlos Suárez Serrato _920764
245			_aTax policy and local labor market behavior
260			_aThe American Economic Review: Insights
300			_a2(1), Mar, 2020: p.83-100
520			_aSince 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.- Reproduced
650			_aFixed Investment and Inventory Studies, Capacity, Labor Demand _920765
773			_aThe American Economic Review: Insights
906			_aCAPITAL BUDGETING
942			_cAR