How Much Is Employment Increased by Cutting Labor Costs? Estimating the Elasticity of Job Creation
---- Acknowledgements -----
We thank Chris Bidner, David Card, Giovanni Gallipoli, Patrick Kline, Alex Lefter, Kevin Milligan and seminar participants at the University of California -- Berkeley, University of Bristol, University of Southampton and the University of British Columbia for helpful comments and suggestions. The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic Research.