Did Social Security Contributions Affect Corporate Investment Behavior?

DOI
  • KOBAYASHI Yohei
    Economic Policy Department, Mitsubishi UFJ Research and Consulting Research Institute of Economy, Trade and Industry
  • NAKATA Daigo
    Faculty of Economics, Soka University Research Institute of Economy, Trade and Industry

Bibliographic Information

Other Title
  • 社会保険料負担は企業の投資を抑制したのか？
  • ―個票データを用いた設備・研究開発・対外直接投資の実証分析

Abstract

<p>  Although the increase in social security burden is mentioned as a factor for deterring corporate investment and accelerating the hollowing out of Japanese industry, empirical evidence is scarce. This paper empirically examines whether social security contributions affect corporate investment behavior, using firm-level microdata matched with social security insurance data. Our empirical results are summarized as follows. Social security contributions: ⑴ have a statistically significant negative impact on capital investment; ⑵ don’t affect research and development; and ⑶ don’t influence the corporate decision of starting overseas operation, however, they do affect the foreign direct investment of companies which have already conducted overseas business.</p>

Journal

Details 詳細情報について

  • CRID
    1390570699998374144
  • NII Article ID
    130008079390
  • DOI
    10.50898/pfsjipf.12.0_147
  • ISSN
    24363421
  • Text Lang
    ja
  • Data Source
    • JaLC
    • CiNii Articles
  • Abstract License Flag
    Allowed

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