고용창출을 위한 조세지원 제도의 효과 분석

The purpose of this study is to verify the effect of the employment tax credits implemented from 2010. The results of regression analysis based on financial data of corporations listed on the KOSPI and KOSDAQ from 2006 to 2015 are as follows. First, the implementation of the employment tax credits was significantly related to the increase in corporate employment. This suggests that the implementation of the employment tax credits have the effect of job creation. Second, as the result of verifying whether the effects differs by firm size, in case of small enterprises, there was no meaningful effect on the employment tax credits, whereas large and medium-sized enterprises showed significant positive results. This implies that the current system is effective for the large and medium-sized enterprises, while it is not effective for the small-sized enterprises. Recently, active employment policy has been promoted due to poor employment conditions. One of the important policy instruments, the employment tax credits have shown overall positive effects on the employment creation of enterprises, but not for the small-sized enterprises. For small-sized enterprises, the special tax reduction for small-sized enterprises should apply along with the employment tax credits to improve the effectiveness of the system.