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Expectations and Expatriations : Tracing the Causes and Consequences of Corporate Inversions

Desai, Mihir A. - 2002

This paper investigates the determinants of corporate expatriations. American corporations that seek to avoid U.S. taxes on their foreign incomes can do so by becoming foreign corporations, typically by 'inverting' the corporate structure, so that the foreign subsidiary becomes the parent...

Persistent link: https://www.econbiz.de/10012787159

Income Misattribution Under Formula Apportionment

Hines Jr., James R. - 2010

Base in Europe, would apportion a firm's worldwide profits using formulas based on the location of employment, capital or … income, since employment and other factors on which they are based do a very poor job of explaining a firm's profits. For … example, the magnitude of property, employment and sales explains less than 22 percent of the variation in profits between …

Persistent link: https://www.econbiz.de/10013152089

The Disappointing Recovery of Output after 2009

Fernald, John G. - 2017

U.S. output has expanded only slowly since the recession trough in 2009, even though the unemployment rate has essentially returned to a pre-crisis, normal level. We use a growth-accounting decomposition to explore explanations for the output shortfall, giving full treatment to cyclical effects...

Persistent link: https://www.econbiz.de/10012953502

Older Women's Labor Market Attachment, Retirement Planning, and Household Debt

Lusardi, Annamaria - 2016

The goal of this paper is to ascertain whether older women's current and anticipated future labor force patterns have changed over time, and if so, to evaluate the factors associated with longer work lives and plans to continue work at older ages. Using data from both the Health and Retirement...

Persistent link: https://www.econbiz.de/10012983661

Endogenous Capital Utilization and Productivity Measurement in Dynamic Factor Demand Models : Theory and an Application to the U.S. Electrical

Prucha, Ingmar R. - 2010

Studies of the firm's demand for factor inputs often assume a constant rate of utilization of the inputs and ignore the fact that the firm can simultaneously choose the level and the rate of utilization of its inputs. In particular, the literature on dynamic factor demand models has, until...

Persistent link: https://www.econbiz.de/10013139928

Tax Policy and the Efficiency of U.S. Direct Investment Abroad

Desai, Mihir A. - 2011

Deferral of U.S. taxes on foreign source income is commonly characterized as a subsidy to foreign investment, as reflected in its inclusion among "tax expenditures" and occasional calls for its repeal. This paper analyzes the extent to which tax deferral and other policies inefficiently...

Persistent link: https://www.econbiz.de/10013122645

Financial Literacy and Retirement Planning in the United States

Lusardi, Annamaria - 2011

We examine financial literacy in the United States using the new National Financial Capability Study, wherein we demonstrate that financial literacy is particularly low among the young, women, and the less-educated. Moreover, Hispanics and African-Americans score the least well on financial...

Persistent link: https://www.econbiz.de/10013124228

U.S. Economic Activity During the Early Weeks of the Sars-Cov-2 Outbreak

Lewis, Daniel J. - 2020

This paper describes a weekly economic index (WEI) developed to track the rapid economic developments associated with the response to the novel Coronavirus in the United States. The WEI shows a strong and sudden decline in economic activity starting in the week ending March 21, 2020. In the most...

Persistent link: https://www.econbiz.de/10012837195

Production, Financial Structure and Productivity Growth in U.S. Manufacturing

Bernstein, Jeffrey I. - 2008

The purpose of this paper is to estimate a model that incorporates the effects of financial decisions on production, profitability, and productivity growth. Asymmetric information generates agency costs of debt and signaling benefits of dividends which then influence production decisions. The...

Persistent link: https://www.econbiz.de/10012774849

U.S. Defense Contracts During the Tax Expenditure Battles of the 1980s

Guthrie, Susan - 2010

This paper considers the impact of the tax treatment of U.S. military contractors. Prior to the early 1980s, taxpayers were permitted to use the completed contract method of accounting to defer taxation of profits earned on long term contracts. Legislation passed in 1982, 1986 and 1987 required...

Persistent link: https://www.econbiz.de/10012759115