Do hiring tax credits work?
Do hiring tax credits work?
- April 2, 2013
- Research by David Neumark, economics Chancellor's Professor and Center for Economics & Public Policy director, is featured in the Hartford Courant April 2, 2013
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From the Hartford Courant:
There’s no evidence that state tax hiring credits that are based on a company adding
jobs, adding to payroll, or investing in buildings work, according to a new working
paper from the National Bureau of Economic Research. But the paper, which was authored
by David Neumark, an economics professor at University of California at Irvine, and
an economics graduate student at that university, found there is one way for state
governments to move the needle on hiring at private businesses. “The estimates show
that hiring credits targeting the unemployed have significant and positive effects
on employment, boosting employment by about 0.6 percentage points after four months,
with the effect growing to 0.9 percentage points,” the authors write.
For the full story, please visit http://courantblogs.com/ct-jobs/do-hiring-tax-credits-work/.
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