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Replication data for: Tax Changes and Asset Pricing

Version
V0
Resource Type
Dataset
Creator
  • Sialm, Clemens
Publication Date
2009-09-01
Description
  • Abstract

    The tax burden on equity securities has varied substantially over time and remains a source of continuing policy debate. This paper investigates whether investors were compensated for the tax burden of equity securities over the period between 1913 and 2006. Taxes on equity securities vary over time due to changes in dividend and capital gains tax rates and due to changes in corporate payout policies. Equity taxes also vary across firms due to persistent differences in propensities to pay dividends. The results indicate an economically plausible and statistically significant tax capitalization over time and cross-sectionally. (JEL G10, G12, H22, H24, N21, N22)
Availability
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Relations
  • Is supplement to
    DOI: 10.1257/aer.99.4.1356 (Text)
Publications
  • Sialm, Clemens. “Tax Changes and Asset Pricing.” American Economic Review 99, no. 4 (August 2009): 1356–83. https://doi.org/10.1257/aer.99.4.1356.
    • ID: 10.1257/aer.99.4.1356 (DOI)

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

Sialm, Clemens (2009): Replication data for: Tax Changes and Asset Pricing. Version: V0. ICPSR - Interuniversity Consortium for Political and Social Research. Dataset. https://doi.org/10.3886/E113318