This paper looks at the impact of investment tax subsidies on the labor market for capital goods workers using data from the 1979-88 Current Population Survey. The results show that investment subsidies drive up the wages of workers who produce capital goods relative to other manufacturing...

This paper looks at the impact of investment tax subsidies on the labor market for capital goods workers. Using data during a decade with considerable variation in the tax cost of capital (1979-1988), the results show that tax subsidies to investment drive up capital goods workers' wages. A 10...

Die Bilanz von drei Jahren intensiver Förderpolitik in den neuen Bundesländern fällt gemischt aus. Ein dynamischer Entwicklungsprozeß ist bisher nur in Teilen der ostdeutschen Wirtschaft in Gang gekommen, insbesondere angeregt durch die staatlichen Infrastrukturprogramme im Bausektor und den...