Conference Agenda
Overview and details of the sessions of this conference.
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Some information on the session logistics:
If not stated otherwise, the discussant is the following speaker, with the first speaker being the discussant of the last paper. The last speaker of each session is the session chair. (Exception: invited sessions)
Presenters should speak for no more than 20 minutes, and discussants should limit their remarks to no more than 5 minutes. The remaining time should be reserved for audience questions and the presenter’s responses. We suggest following these guidelines also in the (less common) 3-paper sessions in a 2-hour slot, to allow participants to move between sessions. Discussants are encouraged to avoid summarizing the paper. By focusing on a few questions and comments, the discussants can help start a broader discussion with the audience.
Only registered participants can attend this conference. Further information available on the congress website https://www.iseg.ulisboa.pt/en/event/iipf/ .
Venue address: ISEG - Lisbon School of Economics & Management, R. Francesinhas 21, 1200-675 Lisboa, Portugal
Please note that all times are shown in the time zone of the conference. The current conference time is: 17th Sept 2026, 11:38:26am WEST
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Daily Overview |
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F02: Small Firms, Informality, and Simplified Tax Regimes Location: Room 102 (Francesinhas 1) | |
| Presentation 4 | |
Making Employers: The Effects of Supporting First Hires in a Large-Scale Randomized Experiment 1: VATT Institute for Economic Research, Finland; 2: Finnish Centre of Excellence in Tax Systems Research; 3: Helsinki Graduate School of Economics Most entrepreneurs operate without employees. Hiring may be unprofitable for them, but they may also be reluctant to pay the one-time costs of becoming an employer due to attentional costs, risk aversion, or credit constraints. We examine the extent to which a temporary subsidy to hire first employees induces entrepreneurs to become employers in a large-scale randomized experiment. The experiment offered to 34,500 randomly selected non-employer entrepreneurs e10,000 to cover 50% of the wage costs of first employees. We find a 20% increase in the fraction of firms that hire workers, with effects of similar magnitude on wage costs and number of employees. The effects stay positive at 7% after the subsidy period, indicating that the temporary subsidy created new permanent employers. Our results suggest that frictions in hiring first employees can be an important barrier for employer entry and firm growth.
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