Income Taxes and Entrepreneurs' Use of Labor
利用1986年税改前后独资经营者的纳税申报数据，研究个人所得税率降低如何影响企业家的雇佣决策和工资支出，发现税率降低显著提高了雇佣概率和工资总额。
We investigate the effect of entrepreneurs' personal taxes on their use of labor, analyze the tax returns of sole proprietors before and after the Tax Reform Act of 1986, and determine how the substantial reductions in marginal tax rates affected their hiring decisions and wage bills. Individual income taxes exert a statistically and quantitatively significant influence on the probability of hiring workers. Raising the entrepreneur's "tax price" by 10% raises the mean probability of hiring by about 12%. Further, taxes influence total wage payments to workers. The tax-price elasticity of the median wage bill is about .37. Copyright 2000 by University of Chicago Press.