Job creation tax credits and job growth: whether, when, and where?

Bob Chirinko and Daniel Wilson

No 2010-25, Working Paper Series from Federal Reserve Bank of San Francisco

Abstract: This paper studies the effects of Job Creation Tax Credits (JCTCs) enacted by U.S. states over the past 20 years. First, we investigate whether JCTCs stimulate within-state job growth. Second, we assess from where any increased employment comes from ? in-state or out-of-state? Third, we evaluate when JCTCs' effects occur. In particular, we test for negative anticipation effects between JCTC enactment and when legislation goes into effect. We investigate these questions using a difference-in-differences estimator applied to monthly panel data on employment, the JCTC value, the JCTC effective and legislative dates, and various controls.

Keywords: Tax credits; Tax incentives; Public policy (search for similar items in EconPapers)
Date: 2010
New Economics Papers: this item is included in nep-acc, nep-lab, nep-pbe and nep-ure
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Citations: View citations in EconPapers (9)

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