摘要：This article aims to evaluate the impact of incentives to attract investments on formal employment in Brazilianmunicipalities, where these incentives are offered in the form of tax exemptions and through land donations/transfer ofrights. It differs from the rest of the literature, which is concerned with strategic interactions among governments andgenerally focuses only on one instrument, namely, tax rates. The results indicate that tax exemptions have no effect,whereas land donations/transfer of rights seem to stimulate job creation only in the expansionary phase of the cycle.
关键词：tax exemptions, land donations, transfer of rights, employment, municipalities, Brazil
