Who Benefits from State Corporate Tax Cuts? A Local Labor Markets Approach with Heterogeneous Firms: Comment
| Autor: | Malgouyres, Clément, Mayer, Thierry, Mazet-Sonilhac, Clément |
|---|---|
| Přispěvatelé: | Paris School of Economics (PSE), École des Ponts ParisTech (ENPC)-École normale supérieure - Paris (ENS Paris), Université Paris sciences et lettres (PSL)-Université Paris sciences et lettres (PSL)-Université Paris 1 Panthéon-Sorbonne (UP1)-Centre National de la Recherche Scientifique (CNRS)-École des hautes études en sciences sociales (EHESS)-Institut National de Recherche pour l’Agriculture, l’Alimentation et l’Environnement (INRAE), Paris Jourdan Sciences Economiques (PJSE), Université Paris 1 Panthéon-Sorbonne (UP1)-École normale supérieure - Paris (ENS Paris), Université Paris sciences et lettres (PSL)-Université Paris sciences et lettres (PSL)-École des hautes études en sciences sociales (EHESS)-École des Ponts ParisTech (ENPC)-Centre National de la Recherche Scientifique (CNRS)-Institut National de Recherche pour l’Agriculture, l’Alimentation et l’Environnement (INRAE), Institut des politiques publiques (IPP), Institut d'Études Politiques [IEP] - Paris, Centre d'Etudes Prospectives et d'Informations Internationales (CEPII), Centre d'analyse stratégique, Center for Economic Policy Research (CEPR), CEPR, Banque de France (Banque de France), Banque de France, ANR-17-EURE-0001,PGSE,Ecole d'Economie de Paris(2017), ANR-19-CE26-0004,InnovTax,Taxation des entreprises et innovation dans une économie mondialisée(2019) |
| Rok vydání: | 2021 |
| Předmět: |
Discrete/continuous choice
JEL: H - Public Economics/H.H2 - Taxation Subsidies and Revenue/H.H2.H25 - Business Taxes and Subsidies History 050208 finance Polymers and Plastics Incidence JEL: H - Public Economics/H.H2 - Taxation Subsidies and Revenue/H.H2.H22 - Incidence 05 social sciences [SHS.ECO]Humanities and Social Sciences/Economics and Finance Industrial and Manufacturing Engineering Corporate income tax JEL: H - Public Economics/H.H7 - State and Local Government • Intergovernmental Relations/H.H7.H71 - State and Local Taxation Subsidies and Revenue JEL: H - Public Economics/H.H3 - Fiscal Policies and Behavior of Economic Agents/H.H3.H32 - Firm 0502 economics and business 8. Economic growth JEL: R - Urban Rural Regional Real Estate and Transportation Economics/R.R2 - Household Analysis/R.R2.R23 - Regional Migration • Regional Labor Markets • Population • Neighborhood Characteristics 050207 economics Business and International Management JEL: R - Urban Rural Regional Real Estate and Transportation Economics/R.R5 - Regional Government Analysis/R.R5.R51 - Finance in Urban and Rural Economies |
| Zdroj: | SSRN Electronic Journal. |
| ISSN: | 1556-5068 |
| DOI: | 10.2139/ssrn.3892597 |
| Popis: | Suárez Serrato and Zidar (2016) identify state corporate tax incidence in a spatial equilibrium model with imperfectly mobile firms. Their identification argument rests on comparative-statics omitting a channel implied by their model: the link between common determinants of a location's attractiveness and the average idiosyncratic productivity of firms choosing that location. This compositional margin causes the labor demand elasticity to be independent from the product demand elasticity, impeding the identification of incidence from reduced-form estimates. Assigning consensual values to the unidentified parameters, we find that the incidence share born by firm-owners is closer to 25% than the 40% initially reported. The null associated with the "conventional view" that the share on workers is 1 and that on firm owners is 0 is still rejected. |
| Databáze: | OpenAIRE |
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