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We study how tax policies that lower the cost of capital impact investment and labor demand. Difference-in-differences estimates using confidential US Census Data on manufacturing establishments show that tax policies increased both investment and employment, but did not lead to wage or...
Persistent link: https://www.econbiz.de/10012696394
, marginal and intra-marginal taxation, and the level of government consumption. Conventional accounting measures of "taxes …
Persistent link: https://www.econbiz.de/10012477793
This paper develops a perfect foresight general equilibrium simulation model of life cycle savings that may be used to investigate the potential impact of a wide range of government policies on national savings and economic welfare. The model can provide quantitative answers to a number of...
Persistent link: https://www.econbiz.de/10012478386
Since 2002, the US government has encouraged business investment using accelerated depreciation policies that significantly reduce investment costs. We provide the first in-depth analysis of this stimulus on employment and earnings. Our local labor markets approach exploits cross-industry...
Persistent link: https://www.econbiz.de/10012479500
2011 from the State Taxation Administration. We first document the importance of different business taxes across industries …. While corporate income taxes play an important role for manufacturing firms, these firms also remit a large share of their … tax payments through the value-added tax system, through the excise tax system and through payroll taxes. Gross receipts …
Persistent link: https://www.econbiz.de/10012482270
levels by increasing taxes, so either an adjustment to fiscal spending or monetary policy must occur to stabilize debt. We …
Persistent link: https://www.econbiz.de/10012462162
--government spending and changes in tax policy--and map the news processes into standard DSGE models. We identify news concerning taxes …
Persistent link: https://www.econbiz.de/10012462293
econometrician's information sets in estimated VARs. Economically meaningful shocks to taxes, therefore, cannot be extracted from …
Persistent link: https://www.econbiz.de/10012464619
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
income, corporate income, payroll, and estate and gift taxes with a 23 percent effective retail sales tax plus a progressive … rebate. The 23 percent rate generates more revenue than the taxes it replaces, but the rebate's cost necessitates scaling … here, current effective marginal labor taxes are higher or much higher than 23 percent. Take our stylized 45 year …
Persistent link: https://www.econbiz.de/10012466840