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Tax Policy Design with Low Interest Rates

Auerbach, Alan J.; Gale, William G. - National Bureau of Economic Research - 2021

and income taxes; (b) make wealth taxes less efficient relative to capital income taxes, at given rates of tax; (c) reduce …

Persistent link: https://www.econbiz.de/10012660030

The Rise of Pass-Throughs and the Decline of the Labor Share

Smith, Matthew; Yagan, Danny; Zidar, Owen M.; Zwick, Eric - National Bureau of Economic Research - 2021

This paper studies the coevolution of the fall in the US corporate sector labor share and the rise of business activity in tax-preferred, pass-through form. Reallocating activity to the form it would have taken prior to the Tax Reform Act of 1986 accounts for one third of the decline in the...

Persistent link: https://www.econbiz.de/10012660078

New Results on the Effects of Tax Policy on the International Location of Investment

Boskin, Michael J. - 1986

We study the effects of tax laws on foreign direct investment (FDI) and direct investment abroad (DIA), distinguishing in each case between investment financed by retained earnings and investment financed by transfers from abroad. We find that tax policy, through its effect on the rate-of-return...

Persistent link: https://www.econbiz.de/10012477214

The Tax Elasticity of Capital Gains and Revenue-Maximizing Rates

Agersnap, Ole - 2020

This paper uses an event study approach to estimate the effect of capital gains taxation on realizations at the state level, and then develops a framework for determining revenue-maximizing rates at the federal level. We find that the elasticity of revenues with respect to the tax rate over a...

Persistent link: https://www.econbiz.de/10012481253

Activist Fiscal Policy to Stabilize Economic Activity

Auerbach, Alan J. - 2009

structural vector autoregressions show that lower taxes and higher government purchases can boost output, it is difficult to …

Persistent link: https://www.econbiz.de/10012463242

Modeling Great Depressions : The Depression in Finland in the 1990s

Conesa, Juan Carlos - 2007

combination of a drop in total factor productivity (TFP) during 1990-92 and of increases in taxes on labor and consumption and …

Persistent link: https://www.econbiz.de/10012465055

Productivity, Taxes, and Hours Worked in Spain : 1970–2015

Conesa, Juan Carlos - 2017

accounted for by the evolution of taxes in an otherwise standard neoclassical growth model. Although taxes play a crucial role …, we cannot argue that taxes drive all of the movements in hours worked. In particular, the model underpredicts the large …

Persistent link: https://www.econbiz.de/10012455090

Tax Policy and Investment in a Global Economy

Chodorow-Reich, Gabriel; Smith, Matthew; Zidar, Owen M.; … - National Bureau of Economic Research - 2024

We evaluate the 2017 Tax Cuts and Jobs Act. Combining reduced-form estimates from tax data with a global investment model, we estimate responses, identify parameters, and conduct counterfactuals. Domestic investment of firms with the mean tax change increases 20% versus a no-change baseline. Due...

Persistent link: https://www.econbiz.de/10014512034

Policy Responses to Tax Competition : An Introduction

Agrawal, David R.; Poterba, James M.; Zidar, Owen M. - National Bureau of Economic Research - 2024

This paper catalogues policies that have been deployed by jurisdictions seeking to mitigate the effects of tax competition. There are many instruments in this policy arsenal, since the tax base associated with a particular tax instrument may be affected by multiple policy choices, including some...

Persistent link: https://www.econbiz.de/10014468289

Preemptive Austerity with Rollover Risk

Conesa, Juan Carlos; Kehoe, Timothy Jerome - National Bureau of Economic Research - 2023

By preemptive austerity, we mean a policy that increases taxes to deter potential rollover crises. The policy is so … eliminates the danger. Mechanically, high taxes make the safe zone in the model -- the set of sovereign debt levels for which the … reduce the level of debt to a point where, asymptotically, high taxes are no longer necessary …

Persistent link: https://www.econbiz.de/10014436959