Economic Stimulus at the Expense of Routine‐Task Jobs
研究了美国各州采用加速折旧投资税收激励后，合格企业立即增加设备和技能员工，但两年后减少常规任务员工，导致总就业影响不显著。
ABSTRACT Do investment tax incentives improve job prospects for workers? We explore states' adoption of a major federal tax incentive that accelerates the depreciation of equipment investments for eligible firms but not for ineligible ones. Analyzing massive establishment‐level data sets on occupational employment and computer investment, we find that when states expand investment incentives, eligible firms immediately increase their equipment and skilled employees; whereas they reduce routine‐task employees after a delay of up to two years. These opposing effects constitute an overall insignificant effect on the firms' total employment and shed light on the nuances of job creation through investment incentives.