Impôts, charges sociales et compétitivité. Le CICE : un instrument mixte
This article investigates whether, despite CICE’s dual nature (both a tax credit and an indirect reduction of labour costs), it could improve the firms’ competitiveness. Exploring firm data on employment, wage and export, we show that the impact of the CICE policy on employment should be more limited than previous (and similar) policies such as the reduction in social contributions on low-wages. Instead, the CICE would benefit to exporting firms relatively more. Besides, the evidence of a wage premium in the group of exporters shows that non-price competitiveness matters to firms’ ability to export. This is especially true in the case of firms benefitting the most from the CICE policy. Additionally, our study suggests that the CICE can positively improve export performance through its effect on markups and non-price competitiveness. Finally, our descriptive results show that the CICE policy targets firms “mostly in need”, i.e. with low margins, high financial and export constraints, and low export intensities.
When requesting a correction, please mention this item's handle: RePEc:cai:reofsp:reof_139_0061. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Jean-Baptiste de Vathaire)
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.