期刊名称：Euro Area Balance of Payments and International Investment Position Statistics
印刷版ISSN：1830-3420
电子版ISSN：1830-3439
出版年度：2016
出版社：European Central Bank
摘要：This study focuses on the employment eect of a hiring subsidy available to rms with less than 50 employees, granted in the context of the 2012 Spanish labour market reform. Exploiting the arbitrary rm size threshold using regression discontinuity design, estimates show on average 2 per- centage points higher employment growth for rms that became eligible for the scheme. However, tests and complementary regressions suggest that the higher employment growth for smaller rms in 2013 is driven by a 2010 reform, which imposes more stringent reporting requirements on larger rms. Accounting for this using dierence-in-discontinuity regressions, we fail to nd any signi cant eect of the subsidy on increasing employment of eligible rms. While our study suggests several pitfalls arising from size-contingent regulations, more data are needed to test for bene cial long-term eects from the hiring subsidy in addressing duality of the Spanish labour market
