My da|ra Login

Detailed view

metadata language: English

Replication data for: Capital Tax Reform and the Real Economy: The Effects of the 2003 Dividend Tax Cut

Version
1
Resource Type
Dataset
Creator
  • Yagan, Danny
Publication Date
2015-12-01
Description
  • Abstract

    This paper tests whether the 2003 dividend tax cut—one of the largest reforms ever to a US capital tax rate—stimulated corporate investment and increased labor earnings, using a quasi-experimental design and US corporate tax returns from years 1996-2008. I estimate that the tax cut caused zero change in corporate investment and employee compensation. Economically, the statistical precision challenges leading estimates of the cost-of-capital elasticity of investment, or undermines models in which dividend tax reforms affect the cost of capital. Either way, it may be difficult to implement an alternative dividend tax cut that has substantially larger near-term effects. (JEL C72, C78, C91)
Availability
Download
Relations
  • Is supplement to
    DOI: 10.1257/aer.20130098 (Text)
Publications
  • Yagan, Danny. “Capital Tax Reform and the Real Economy: The Effects of the 2003 Dividend Tax Cut.” American Economic Review 105, no. 12 (December 2015): 3531–63. https://doi.org/10.1257/aer.20130098.
    • ID: 10.1257/aer.20130098 (DOI)

Update Metadata: 2020-05-18 | Issue Number: 2 | Registration Date: 2019-10-12

Yagan, Danny (2015): Replication data for: Capital Tax Reform and the Real Economy: The Effects of the 2003 Dividend Tax Cut. Version: 1. ICPSR - Interuniversity Consortium for Political and Social Research. Dataset. https://doi.org/10.3886/E112906V1