banquedefranceBanque de France135405842909509632101/26/2021 - 14:27📝 [Working paper] Smaller #firms are more labor intensive. As a result, #taxes/regulations that are more favorable to larger firms can greatly lower the labor share of national income (up to -4pp according to simulations) #BdFeco 👉 https://t.co/Bk3wzJHpJh