Do workers gain from lower business taxes, and why? We estimate how a large corporate income tax credit in France is passed on to wages and explore the firm- and employee-level underlying mechanisms. The amount of tax credit firms get depends on their payroll share of workers paid less than a...

The creation of stable and high-paying jobs by private firms is a first-order issue for Low-and-Medium Income Countries (LMICs). Little is known as to whether trade liberalization helps achieve this goal. In this study, we investigate the impact of the ASEAN-China Free Trade Agreement (ACFTA),...

I nd that on average, the firm-level labor share increases with local employment density, but this relationship is highly heterogeneous across industries. Through the lens of a theoretical framework featuring a CES production function, I show that this heterogeneity arises because both the...