@TechReport{iza:izadps:dp5293,
            	author={Arulampalam, Wiji and Devereux, Michael P. and Maffini, Giorgia},
            	title={The Direct Incidence of Corporate Income Tax on Wages},
            	year={2010},
	month={Oct},
            	institution={Institute of Labor Economics (IZA)},
            	address={Bonn},
            	type={IZA Discussion Paper},
            	number={5293},
            	url={https://www.iza.org/publications/dp5293},
	abstract={We examine the extent to which taxes on corporate income are directly shifted onto the workforce. We use data on 55,082 companies located in nine European countries over the period 1996-2003. We identify this direct shifting through cross-company variation in tax liabilities, conditional on value added per employee. Our central estimate is that the long run elasticity of the wage bill with respect to taxation is -0.093. Evaluated at the mean, this implies that an exogenous rise of $1 in tax would reduce the wage bill by 49 cents. We find only weak evidence of a difference for multinational companies.},
	keywords={wage bargaining;effective incidence;income tax},
            }