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Replication data for: The Effect of Corporate Taxation on Investment and Financial Policy: Evidence from the DPAD

Version
1
Resource Type
Dataset
Creator
  • Ohrn, Eric
Publication Date
2018-01-01
Description
  • Abstract

    This study estimates the investment, financing, and payout responses to variation in a firm's effective corporate income tax rate in the United States. I exploit quasi-experimental variation created by the Domestic Production Activities Deduction, a corporate tax expenditure created in 2005. A 1 percentage point reduction in tax rates increases investment by 4.7 percent of installed capital, increases payouts by 0.3 percent of sales, and decreases debt by 5.3 percent of total assets. These estimates suggest that lower corporate tax rates and faster accelerated depreciation each stimulate a similar increase in investment, per dollar in lost revenue.
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Relations
  • Is supplement to
    DOI: 10.1257/pol.20150378 (Text)
Publications
  • Ohrn, Eric. “The Effect of Corporate Taxation on Investment and Financial Policy: Evidence from the DPAD.” American Economic Journal: Economic Policy 10, no. 2 (May 2018): 272–301. https://doi.org/10.1257/pol.20150378.
    • ID: 10.1257/pol.20150378 (DOI)

Update Metadata: 2020-03-05 | Issue Number: 1 | Registration Date: 2020-03-05

Ohrn, Eric (2018): Replication data for: The Effect of Corporate Taxation on Investment and Financial Policy: Evidence from the DPAD. Version: 1. ICPSR - Interuniversity Consortium for Political and Social Research. Dataset. https://doi.org/10.3886/E114661V1-22793