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How Major Local Taxes Affect Private Employment

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  • Yonghong Wu

    (University of Illinois at Chicago, Chicago, IL, USA)

Abstract

This empirical research focuses on three major local taxes—property tax, sales tax, and telecommunications tax—to examine their impacts on local economic development in the six-county Chicago metropolitan area. The statistical results indicate that these three major local taxes have significant negative effects on business employment. The study implies that it may be counterproductive for local governments to raise tax levels in order to address some immediate revenue shortfalls in the aftermath of the recent economic recession.

Suggested Citation

  • Yonghong Wu, 2012. "How Major Local Taxes Affect Private Employment," Economic Development Quarterly, , vol. 26(4), pages 351-360, November.
  • Handle: RePEc:sae:ecdequ:v:26:y:2012:i:4:p:351-360
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    References listed on IDEAS

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    1. Victoria Basolo & Chihyen Huang, 2001. "Cities and Economic Development: Does the City Limits Story Still Apply?," Economic Development Quarterly, , vol. 15(4), pages 327-339, November.
    2. Mark D. Partridge & Dan S. Rickman & Hui Li, 2009. "Who Wins From Local Economic Development?," Economic Development Quarterly, , vol. 23(1), pages 13-27, February.
    3. Timothy J. Bartik, "undated". "Who Benefits from Local Job Growth: Migrants or Original Residents?," Upjohn Working Papers and Journal Articles tjb1993rs, W.E. Upjohn Institute for Employment Research.
    4. Craig Gundersen & James Ziliak, 2004. "Poverty and macroeconomic performance across space, race, and family structure," Demography, Springer;Population Association of America (PAA), vol. 41(1), pages 61-86, February.
    5. Barbara Bergmann, 2010. "Is Prosperity Possible Without Growth?," Challenge, Taylor & Francis Journals, vol. 53(5), pages 49-56.
    6. Margaret E. Dewar, 1998. "Why State and Local Economic Development Programs Cause so Little Economic Development," Economic Development Quarterly, , vol. 12(1), pages 68-87, February.
    7. Ellis Delken, 2008. "Happiness in shrinking cities in Germany," Journal of Happiness Studies, Springer, vol. 9(2), pages 213-218, June.
    8. Roger B. Hammer & Gary P. Green, 1996. "Local Growth Promotion: Policy Adoption versus Effort," Economic Development Quarterly, , vol. 10(4), pages 331-341, November.
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