Great Recession, we estimate that the payroll tax cuts had limited effects on employment and balance-sheet outcomes of firms … by the previously enacted payroll tax cuts in treated firms. These employment effects are exacerbated for men and low …This paper estimates the effect of payroll tax cuts on firm-level employment and balance-sheet outcomes during economic …

jobs stem exclusively from firms which had previously very few or no minimum-wage workers. On the other hand, firms which … already employed workers at minimum-wage levels, and therefore benefit ex ante from a cash windfall, increase employment … irrespective of wage levels. These firms grow by an additional 4 percent in the first two years following the reform. This effect …

cost savings increased employment of minimum wage workers more than firms that received smaller labor cost savings. Our …We use a youth payroll tax cut in Sweden to investigate whether retail firms that were exposed to substantial labor … dataset includes information on both contracted wages and working hours for most employees in the Swedish retail trade …

, separations, hours and wages, are small. For workers close to the minimum wage the estimates suggest larger, but still modest …, effects on the probability of job accession. There is also some evidence on increasing profits in a subsample of firms that … effects of the payroll tax cuts. The conclusion is that reducing payroll taxes is a costly means of improving employment …