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The effects of corporate taxes on small firms
(Elsevier, 2022)
We study the impact of corporate taxes on firm-level investments and business activity by exploiting a 6 percentage-point reduction in the corporate tax rate in 2012–2014 in Finland. We use detailed administrative data and ...
Screening through Activation? Differential Effects of a Youth Activation Program
(University of Wisconsin Press, 2022)
We study the dual role of active labor market policies: First, ALMP may perform a screening role by increasing job-search incentives, especially among individuals with good labor market prospects, already before program ...
Removing Welfare Traps: Employment Responses in the Finnish Basic Income Experiment
(American Economic Association, 2022)
This paper provides evidence that replacing minimum unemployment benefits with a basic income of equal size has minor employment effects at best. We examine an experiment in Finland in which 2,000 benefit recipients were ...
Mortality Inequality in Finland
(Wiley, 2021)
We study inequality in mortality in Finland using registry data that cover the whole population for years 1990–2018. We create municipality-level indices of regional deprivation (poverty rate), and show how age-specific ...
Using Payroll Tax Variation to Unpack the Black Box of Firm-Level Production
(Oxford University Press, 2021)
This paper uses quasi-experimental variation in payroll tax rates in Finland to investigate how firms use their input factors. We find that higher payroll tax rates lead to large employment responses and have no effects ...
Digitalisation in wind and solar power technologies
(Elsevier, 2021)
Smart energy transition includes a widespread deployment of clean energy technologies and intelligent energy management with information and communication technologies (ICTs). In this paper, the smart energy transition is ...
Housing Allowance and Rents: Evidence from a Stepwise Subsidy Scheme
(Wiley, 2021)
In this paper, we study the effect of housing demand subsidies on rents using discontinuities in the Finnish housing allowance system as a quasi‐experimental setting. The stepwise dependence of housing allowance on the ...
Ajopuusta mallioppilaaksi. Näkökulmia Suomen polusta vaurauteen
(Valtion taloudellinen tutkimuskeskus, 2020-10-27)
Talousneuvoston pitkäaikainen pääsihteeri Seppo Leppänen pohtii kirjassaan Ajopuusta mallioppilaaksi: näkökulmia Suomen polusta vaurauteen maamme yhteiskunnan ja talouden kehitystä kriiseistä kärsivästä ajopuusta ...
School starting age, maternal age at birth, and child outcomes
(Valtion taloudellinen tutkimuskeskus, 2021-02-23)
This paper analyses the effects of maternal school starting age and maternal age-at-birth on children’s short and long-term outcomes using Finnish register data. We exploit a school-starting-age rule for identification. ...
Possibilistic fuzzy pay-off method for real option valuation with application to research and development investment analysis
(Elsevier, 2021)
This paper presents the first fully possibilistic method for real option valuation of investment projects, a new possibilistic variant of the fuzzy pay-off method for real option valuation. The new variant is derived by ...