Rethinking Tax Incentives
Upjohn Author ORCID Identifier
Perspectives on Work 22: 62-64
The closest thing to a placebased U.S. industrial policy is state and local business tax incentives. Many current incentives are poorly designed. They cost too much, and they do too little to promote more jobs at higher wages.
Reforms are needed to rein in incentives, by targeting incentives more at high-multiplier jobs in higher-wage industries. The funds saved could be devoted to more effective policies to create local jobs, such as those in customized business services to small businesses.
University of Illinois Press
ECONOMIC DEVELOPMENT; Regional policy and planning; Business and tax incentives
Bartik, Timothy J. 2018. "Rethinking Tax Incentives." Perspectives on Work 22: 62-64.