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Accounting for Business Income in Measuring Top Income Shares : Integrated Accrual Approach Using Individual and Firm Data from Norway
Alstadsæter, Annette - 2016
in place. After a tax reform in 2005 that created strong incentives to retain earnings within businesses, the increase … was massive: accounting for earnings retained in the corporate sector leads to more than doubling of the share of income … of top 0.1% in some years. Furthermore, adjusting for retained earnings stabilizes the composition of the top income …
Persistent link: https://www.econbiz.de/10012978093
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The Labor Market Returns to a For-Profit College Education
Cellini, Stephanie Riegg - 2012
estimate the earnings gains to for-profit college attendance using restricted-access data from the 1997 National Longitudinal … experience earnings gains of about 10 percent relative to high school graduates with no college degree, conditional on employment …
Persistent link: https://www.econbiz.de/10013101505
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Returns on FDI : Does the U.S. Really Do Better?
Bosworth, Barry - 2007
According to the U.S. external accounts, U.S. investors earn a significantly higher rate of return on their foreign investments than foreigners earn in the United States. This continued strong performance has produced a positive net investment income balance despite the deterioration in the U.S....
Persistent link: https://www.econbiz.de/10012776206
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Understanding U.S. Corporate Tax Losses
Altshuler, Rosanne - 2010
Recent data present a puzzle: the ratio of corporate tax losses to positive income was much higher around 2001 than in earlier recessions. Using a comprehensive 1982-2005 sample of U.S. corporation tax returns, we explore a variety of potential explanations for this surge in tax losses, taking...
Persistent link: https://www.econbiz.de/10012758277
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Changing Times, Changing Values : A Historical Analysis of Sectors within the Us Stock Market 1872-2013
Bunn, Oliver - 2014
We construct a price, dividend, and earnings series for the Industrials sector, the Utilities sector, and the Railroads … in the sector markets over more than a century, we investigate the forecasting power of the Cyclically Adjusted Price-Earnings …
Persistent link: https://www.econbiz.de/10013049370
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Have Financial Markets Become More Informative?
Bai, Jennie - 2014
The finance industry has grown, financial markets have become more liquid, information technology has undergone a revolution. But have market prices become more informative? We derive a welfare-based measure of price informativeness: the predicted variation of future cash flows from current...
Persistent link: https://www.econbiz.de/10013053306
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The Margins of Global Sourcing : Theory and Evidence from U.S. Firms
Antras, Pol - 2014
We develop a quantifiable multi-country sourcing model in which firms self-select into importing based on their productivity and country-specific variables. In contrast to canonical export models where firm profits are additively separable across destination markets, global sourcing decisions...
Persistent link: https://www.econbiz.de/10013039758
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The Effect of the Payroll Tax on Earnings : A Test of Competing Models of Wage Determination
Lang, Kevin - 2021
earnings by the entire nominal employer share of the tax increase. If wages play a motivational role but the market still … which labor supply is perfectly elastic, and thus earnings rise by more than the worker's nominal share. The 1968, 1974 and … 1979 increases in the taxable earnings base for FICA provide good opportunities to test the models. This tax increase …
Persistent link: https://www.econbiz.de/10013218401
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Wages, Profits and Rent-Sharing
Blanchflower, David G.; Oswald, Andrew J.; Sanfey, Peter - 2021
The paper uses CPS data from 1964 to 1985 to test for the existence of rent-sharing in US tabor markets, Using an unbalanced panel from the manufacturing sector, and random-effects and fixed-effects specifications, the paper finds that changes in wages are explained by movements in lagged levels...
Persistent link: https://www.econbiz.de/10013219306
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Nonprofit Production and Competition
Lakdawalla, Darius N.; Philipson, Tomas - 2021
Industries in which private nonprofit production is present and significant, such as health care and education, account for more than one-fifth of US economic activity. This paper argues that previous analysis of nonprofits has not separated profit-deviating preferences from the state-defined...
Persistent link: https://www.econbiz.de/10013224865