We estimate the employment effects of a large program of public investment subsidies that ranked applications on a … criteria and firms preferred by local politicians generated larger employment growth on average, but the latter did so at a …

near the cutoff by 39 percent, and employment by 17 percent over a 6-year period. Building on recent advancements in the … inframarginal firms away from the cutoff. Employment grows more in smaller firms, but larger firms generated more jobs-per-euro of … politicians generated larger employment growth on average, but the latter did so at a higher cost per job. Under a policy …