Benzarti, Youssef; Harju, Jarkko - 2021
downturns. We use two regional payroll tax cuts in Finland as well as the onset of the Great Recession to estimate the effect of … Great Recession, we estimate that the payroll tax cuts had limited effects on employment and balance-sheet outcomes of firms … located in the treated regions. However, when the recession starts, some of its negative effects were substantially hampered …