Hiring Subsidies and Firm Growth: Some New Evidence from Italy

IF 1.2 Q3 ECONOMICS

Italian Economic Journal Pub Date : 2024-01-12 DOI:10.1007/s40797-023-00261-3

Domenico Depalo, Eliana Viviano

引用次数: 0

Abstract

Hiring subsidies are among the most widely used policies to support employment growth for certain groups of workers or disadvantaged geographic areas. In this article, we analyze the medium-run consequences of a generous, non-targeted permanent hiring subsidy implemented throughout Italy in 2015, which was widely used by firms. The results indicate that firms benefiting from the subsidy increased in size. However, compared to other firms, the growth rate of capital–labour ratio and value added per worker were lower after the subsidy. We conclude that policies to stimulate hiring must be accompanied by other interventions to support capital accumulation.

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招聘补贴与企业成长：意大利的一些新证据

雇用补贴是支持某些工人群体或弱势地理区域就业增长的最广泛使用的政策之一。在本文中，我们分析了 2015 年在意大利全国范围内实施的一项慷慨、无针对性的永久性雇佣补贴的中期影响，该补贴被企业广泛使用。结果表明，受益于补贴的企业规模扩大了。然而，与其他企业相比，补贴后的资本-劳动比率增长率和工人人均增加值增长率较低。我们的结论是，刺激招聘的政策必须辅之以其他干预措施，以支持资本积累。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

Italian Economic Journal ECONOMICS-

CiteScore

2.30

自引率

8.30%

发文量

期刊介绍： Italian Economic Journal (ItEJ) is the official peer-reviewed journal of the Italian Economic Association. ItEJ publishes scientific articles in all areas of economics and economic policy, providing a scholarly, international forum for all methodological approaches and schools of thought. In particular, ItEJ aims at encouraging and disseminating high-quality research on the Italian and the European economy. To fulfill this aim, the journal welcomes applied, institutional and theoretical papers on relevant and timely issues concerning the European and Italian economic debate.ItEJ merges the Rivista Italiana degli Economisti (RIE), the journal founded by the Italian Economic Association in 1996, with the Giornale degli Economisti (GdE), founded in 1875 and enriched by contributions from renowned economists, including Amoroso, Black, Barone, De Viti de Marco, Edgeworth, Einaudi, Modigliani, Pantaleoni, Pareto, Slutsky, Tinbergen and Walras.