The Hopenhayn and Rogerson (1993) framework is extended to understand how different forms of taxing capital income affect firms' investment and financial policies over their life cycle. Relative to dividends and capital gains taxation, corporate income taxation slows down firm growth over the life cycle by reducing after-tax profits available for reinvesting. It also diminishes entry by negatively affecting the value of entrants relative to that of incumbent firms. After a tax reform eliminating the corporate income tax in a revenue neutral way, output and capital increase by 12% and 32%. The large response of firm entry is crucial.Erosa acknowledges financial support from the Ministerio de Economia y Competitividad of Spain (grants EC...
This paper examines a tax on corporate assets as an alternative and/or complement to a tax on corpor...
The increase in international capital mobility over the past two decades has put pressure on the tax...
This paper studies the effectiveness of corporate tax incentives in reducing the effective tax rate ...
The Hopenhayn and Rogerson (1993) framework is extended to understand how different forms of taxing ...
How does corporate taxation affect the life cycle of firms? A change in profit-tax rates affects the...
This paper explores the consequences of the corporation income tax when firms face financial constra...
In a recent paper, Jalbert (2002) develops and tests valuations equations for firms that are subject...
We analyze the effects of changes in dividend tax policy using a life-cycle model of the firm, in wh...
This paper analyzes how corporate capital gains taxes affect the capital gain realization decisions ...
This paper develops a quantitative open economy framework with dynamics, firm heterogeneity and fina...
This paper analyses the impact of capital income taxes on financial and investment decisions of corp...
This paper aimed at finding out whether tax avoidance differed across firm life cycle (FLC). We use...
The Job Growth and Taxpayer Relief Reconciliation Act of 2003 lowered dividend taxes to the same rat...
The first chapter of this dissertation uses a three-sector intertemporal general equilibrium model t...
Real investment within non-financial corporations has been steadily decreasing in the last fifty yea...
This paper examines a tax on corporate assets as an alternative and/or complement to a tax on corpor...
The increase in international capital mobility over the past two decades has put pressure on the tax...
This paper studies the effectiveness of corporate tax incentives in reducing the effective tax rate ...
The Hopenhayn and Rogerson (1993) framework is extended to understand how different forms of taxing ...
How does corporate taxation affect the life cycle of firms? A change in profit-tax rates affects the...
This paper explores the consequences of the corporation income tax when firms face financial constra...
In a recent paper, Jalbert (2002) develops and tests valuations equations for firms that are subject...
We analyze the effects of changes in dividend tax policy using a life-cycle model of the firm, in wh...
This paper analyzes how corporate capital gains taxes affect the capital gain realization decisions ...
This paper develops a quantitative open economy framework with dynamics, firm heterogeneity and fina...
This paper analyses the impact of capital income taxes on financial and investment decisions of corp...
This paper aimed at finding out whether tax avoidance differed across firm life cycle (FLC). We use...
The Job Growth and Taxpayer Relief Reconciliation Act of 2003 lowered dividend taxes to the same rat...
The first chapter of this dissertation uses a three-sector intertemporal general equilibrium model t...
Real investment within non-financial corporations has been steadily decreasing in the last fifty yea...
This paper examines a tax on corporate assets as an alternative and/or complement to a tax on corpor...
The increase in international capital mobility over the past two decades has put pressure on the tax...
This paper studies the effectiveness of corporate tax incentives in reducing the effective tax rate ...