Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/271802 
Year of Publication: 
2022
Series/Report no.: 
CESifo Working Paper No. 10158
Publisher: 
Center for Economic Studies and ifo Institute (CESifo), Munich
Abstract: 
This paper reviews selected fiscal policy initiatives undertaken by US states to encourage job creation and innovation. We begin with a discussion of some general considerations about the design of tax policies summarized in a tax policy design table. Four policies are reviewed: job creation tax credits, research and development tax credits, a set of tax policies targeted to the biotechnology industry, and a broad set of tax policies that attract star scientists. The experiences at the state level are used to evaluate the effectiveness of these employment and knowledge-capital tax incentives in creating jobs and spurring innovation. The paper concludes with four other considerations need to be taken into account in selecting policies.
Subjects: 
targeted state fiscal policies
employment tax incentives
job creation
knowledge-capital tax incentives
innovation
JEL: 
H71
H25
Document Type: 
Working Paper
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