Download or read book The Effectiveness of Job Creation Tax Credits written by Clayton Crooks and published by . This book was released on 2020 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: We estimate the causal effects of job creation tax credits on employment using the exogenous spatial and time variations in the value of the credits across Georgia's 159 counties over a 15-year period. We employ three empirical approaches: regression discontinuity design models making use of the sharp discontinuity in eligibility for credits of different value; difference-indifferences models using inter temporal and inter and intra-county changes in credit value, and; employment differences in bordering census tracts that qualify for different valued credits. We obtain mixed results, but in general they provide little evidence for the proposition that job creation tax credits create additional employment.

Download or read book Job Creation Tax Credits Fiscal Foresight and Job Growth written by Robert S. Chirinko and published by . This book was released on 2016 with total page 78 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper studies fiscal foresight -- alterations of current behavior by forward-looking agents in anticipation of future policy changes - using variation in state job creation tax credits (JCTCs). Nearly half of the U.S. states enacted JCTCs between 1990 and 2007, and their unique experiences provide a rich source of information for assessing the quantitative importance of fiscal foresight. We investigate whether JCTCs affect employment growth before, at, and after the time they go into effect. A theoretical model identifies three key conditions necessary for fiscal foresight, captures the effects of the rolling base feature of JCTCs, and generates several empirical predictions. We evaluate these predictions in a difference-in-difference regression framework applied to monthly panel data on employment, the JCTC effective and legislative dates, and various controls. Failing to account for the distorting effects of fiscal foresight can result in upwardly biased estimates of the impact of the JCTC fiscal policy by as much as 34%. We also find that the cumulative effect of the JCTCs is positive, but it takes several years for the full effect to be realized. The cost per job created is approximately $18,000, which is low relative to cost estimates of recent federal fiscal programs. This figure implies a fiscal multiplier on JCTC tax expenditures of about 1.66.

Download or read book Tax Policy and Job Creation written by Ben Cherniavsky and published by . This book was released on 1996 with total page 40 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper provides a selective survey of literature from the last two decades on Canadian tax incentives for employment creation and for recruitment from specific population groups. With reference to the US experience.

Download or read book Tax Credits to Stimulate Job Opportunities in Rural Areas written by United States. Congress. Senate. Committee on Finance and published by . This book was released on 1969 with total page 234 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Employment Subsidies and Employment Tax Credits written by United States. Congressional Budget Office and published by . This book was released on 1977 with total page 84 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Fiscal Policies for Job Creation and Innovation written by Robert S. Chirinko and published by . This book was released on 2022 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper reviews selected fiscal policy initiatives undertaken by US states to encourage job creation and innovation. We begin with a discussion of some general considerations about the design of tax policies summarized in a tax policy design table. Four policies are reviewed: job creation tax credits, research and development tax credits, a set of tax policies targeted to the biotechnology industry, and a broad set of tax policies that attract star scientists. The experiences at the state level are used to evaluate the effectiveness of these employment and knowledge-capital tax incentives in creating jobs and spurring innovation. The paper concludes with four other considerations need to be taken into account in selecting policies.

Download or read book The Effect of the New Jobs Tax Credit on Employment Price and Output of the Manufacturing Industries written by Youn Ho Lee and published by . This book was released on 1984 with total page 526 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Targeted Jobs Tax Credit written by United States. Congress. Senate. Committee on Finance. Subcommittee on Economic Growth, Employment, and Revenue Sharing and published by . This book was released on 1981 with total page 372 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Jobs Tax Credit written by United States. Congress. Senate. Committee on Finance. Subcommittee on Administration of the Internal Revenue Code and published by . This book was released on 1979 with total page 200 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Targeted Jobs Tax Credit written by United States. Congress. Senate. Committee on Finance. Subcommittee on Economic Growth, Employment, and Revenue Sharing and published by . This book was released on 1984 with total page 282 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book The Employment and Fiscal Effects of Michigan s MEGA Tax Credit Program written by Timothy J. Bartik and published by . This book was released on 2010 with total page 36 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper estimates that Michigan's MEGA tax credit program to attract and retain businesses has large employment and fiscal benefits. MEGA provides discretionary tax credits to businesses, with the tax credit tied to the personal income taxes paid by employees on the new or retained jobs. We estimate the economic effects of MEGA using the Upjohn Institute's REMI model, and the research literature on how business location decisions respond to taxes. We estimate the fiscal effects of MEGA based on the research literature on how government spending and revenue respond to state personal income and population. The estimates suggest a lower bound to MEGA's effectiveness of being decisive in a little over 8 percent of the MEGA projects. Even with this modest success rate, MEGA is estimated to have fiscal benefits that offset about two-thirds of its gross fiscal costs. The net fiscal costs per job created of MEGA average less than 4,000 per job-year, which is less than the labor market benefits of job creation.

Download or read book A Human Investent Tax Credit Program Second Report written by Robert H. Edmonds and published by . This book was released on 1977 with total page 92 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Tax Credits to Hire the Disadvantaged written by United States. Congress. House. Committee on Government Operations. Employment, Housing, and Aviation Subcommittee and published by . This book was released on 1997 with total page 240 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Simulating the Effects of Michigan s MEGA Tax Credit Program on Job Creation and Fiscal Benefits written by Timothy J. Bartik and published by . This book was released on 2012 with total page 29 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper simulates job and fiscal impacts of Michigan's MEGA tax credit program for job creation. Under plausible assumptions about how such credits affect business location decisions, the net costs per job created of the MEGA program are simulated to be of modest size. The job creation impacts of MEGA are simulated to be considerably larger than devoting similar dollar resources to general business tax cuts. The simulation methodology developed here is applicable to incentives in other states.

Download or read book The Targeted Jobs Tax Credit written by Sandra Christensen and published by . This book was released on 1984 with total page 62 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Creating Jobs in the Private Sector written by Surendra Gera and published by Economic Council of Canada. This book was released on 1988 with total page 106 pages. Available in PDF, EPUB and Kindle. Book excerpt: From the mid 1970s to the mid 1980s, direct job creation programs have grown in Canada to provide jobs for both the structurally and cyclically unemployed. The Canadian Employment Tax Credit Program (ETCP), was a temporary wage subsidy scheme, offering tax credits of up to $2.00 an hour, designed to stimulate incremental employment in all Canadian regions. This study conducts a comprehensive empirical evaluation of the 1978-81 ETCP with three objectives: to evaluate the efficiency of the program in terms of the social benefits and social costs it generated; to determine the net or incremental employment effect of the ETCP; and to discuss improvements for the employment prospects of program participants.

Download or read book Who Benefits from State and Local Economic Development Policies written by Timothy J. Bartik and published by . This book was released on 1991 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: