Empirical Essays on Behavioural Responses to Taxation [microform] PDF Download

Author: Kevin Scott Milligan
Publisher: National Library of Canada = Bibliothèque nationale du Canada
ISBN: 9780612636477
Category :
Languages : en
Pages : 334

View

Book Description

Author: Robert Andrew Whitten
Publisher:
ISBN:
Category : Economics
Languages : en
Pages : 394

View

Book Description
This dissertation consists of three chapters that explore behavioral responses to taxation. The first two chapters are largely empirical, drawing on administrative tax data to study income reporting decisions and withdrawals from Individual Retirement Accounts (IRAs). The third chapter is an exploration of optimal tax theory when markets are imperfectly competitive and consumers do not maximize their own utility.

Author: Clive Noel Werdt
Publisher:
ISBN:
Category :
Languages : en
Pages :

View

Book Description

Author: Håkan Selin
Publisher:
ISBN: 9789185519170
Category :
Languages : en
Pages : 133

View

Book Description

Author: Daniela Kühne
Publisher:
ISBN:
Category :
Languages : en
Pages :

View

Book Description

Author: Nirupama S. Rao
Publisher:
ISBN:
Category :
Languages : en
Pages : 174

View

Book Description
This dissertation consists of three essays that examine the impact of tax policy of firm behavior. The first chapter uses new well-level production data on California oil wells and after-tax producer prices to estimate how temporary taxes affect oil production decisions. Theory suggests that temporary taxes could lead producers to shut wells, and more generally that they create strong incentives for retiming extraction of the exhaustible resource to minimize tax burdens. The empirical estimates suggest small estimates of extensive responses to after-tax prices, meaning that wells are rarely shut, but they also suggest substantial retiming of production for operating wells. While the estimates vary with specifications, the elasticity of oil production with respect to the after-tax price is estimated to fall between 0.208 and 0.261. The estimates are used to calibrate a simple model of the efficiency cost of tax-induced distortions relative to the no-tax optimal extraction path. Calculations suggest that a 15 percent temporary excise tax on California oil producers reduces the present value of producer surplus by between one and five percent of the no-tax surplus or between 113 and 166 percent of the government revenue raised, depending on the original life of the well and the duration of the temporary tax. The second chapter examines the impact of the federal R&D tax credit on research spending during the 1981-1991 period using both publicly available data from 10-Ks and confidential data from federal corporate tax returns. The key advance on previous work is the use of an instrumental variables strategy based on tax law changes that addresses the potential simultaneity between R&D spending and its user cost. The results yield a range of estimates for the effect of tax incentives on R&D investment. Estimates using only publicly available data suggest that a ten percent tax subsidy for R&D yields on average between $3.5 (0.24) million and $10.7 (1.79) million in new R&D spending per firm. Estimates from IRS SOI data suggest that a ten percent reduction in the user cost would lead the average firm to increase qualified spending by $2.0 (0.39) million. Estimates from the much smaller merged sample suggest that qualified spending is responsive to the tax subsidy. A similar response in total spending is not statistically discernible in the merged sample. The inconsistency of estimates across datasets, instrument choice and specifications highlights the sensitivity of estimates of the tax-price elasticity of R&D spending. How a corporate tax reform will affect a firms reported earnings in the year of its enactment, and how the firm may choose to react to the tax reform, depend in part on the sign and magnitude of the firms net deferred tax position. The final chapter, written jointly with Jim Poterba and Jeri Seidman, compiles new disaggregated deferred tax position data for a sample of large U.S. firms between 1993 and 2004. These data are used to assess the size and composition of deferred tax assets and liabilities and their magnitudes relative to the book-tax income gap. We find that temporary differences account for a substantial share of the book-tax income gap. The key contributors to the increase in the book-tax gap include mark-to-market adjustments, property and valuation allowances. In interpreting the data we collect on deferred tax assets and liabilities in the context of the behavioral incentives surrounding a tax rate change, we find that a pre-announced reduction in the corporate tax rate would give a third of the firms in our sample to a strong incentive to accelerate income to the high-tax period, contrary to typical expectations that fail to take deferred tax positions into account.

Author:
Publisher:
ISBN:
Category : Dissertations, Academic
Languages : en
Pages : 640

View

Book Description

Author: Masao Ogaki
Publisher: Springer
ISBN: 9811064393
Category : Business & Economics
Languages : en
Pages : 211

View

Book Description
This book is intended as a textbook for a course in behavioral economics for advanced undergraduate and graduate students who have already learned basic economics. The book will also be useful for introducing behavioral economics to researchers. Unlike some general audience books that discuss behavioral economics, this book does not take a position of completely negating traditional economics. Its position is that both behavioral and traditional economics are tools that have their own uses and limitations. Moreover, this work makes clear that knowledge of traditional economics is a necessary basis to fully understand behavioral economics. Some of the special features compared with other textbooks on behavioral economics are that this volume has full chapters on neuroeconomics, cultural and identity economics, and economics of happiness. These are distinctive subfields of economics that are different from, but closely related to, behavioral economics with many important overlaps with behavioral economics. Neuroeconomics, which is developing fast partly because of technological progress, seeks to understand how the workings of our minds affect our economic decision making. In addition to a full chapter on neuroeconomics, the book provides explanations of findings in neuroeconomics in chapters on prospect theory (a major decision theory of behavioral economics under uncertainty), intertemporal economic behavior, and social preferences (preferences that exhibit concerns for others). Cultural and identity economics seek to explain how cultures and people’s identities affect economic behaviors, and economics of happiness utilizes measures of subjective well-being. There is also a full chapter on behavioral normative economics, which evaluates economic policies based on findings and theories of behavioral economics.

Author: Attiat F. Ott
Publisher: Edward Elgar Publishing
ISBN: 1845424557
Category : Business & Economics
Languages : en
Pages : 495

View

Book Description
Attiat Ott and Richard Cebula have recognised the need to present, in an accessible and straightforward way, the voluminous literature in the public economics arena. Advances in econometric techniques and the spillover of knowledge from other disciplines made it difficult, not only for students but also for lecturers, to accurately find the information they need. This major Companion addresses a wealth of topics common to the study of both public economics and public choice including questions such as: How does one structure the whole spectrum of public finance in a manageable framework? What is Wagner s Law really about and what does empirical testing tell us? How binding is the budget constraint? How encompassing is a dictator s interest? How do veto powers of the executive, institutional structures and regimes affect public sector outcomes? Do voters behave rationally? Do conflicts yield benefits? Is war cost effective and does secession offer a viable exit option? The contributions, both theoretical and empirical, shed light on some contentious issues in the public economics literature and provide readers with insight into issues that are at the forefront of discussions about the public economy. The empirical analysis utilizes recent econometric techniques to validate or refute empirical findings based on older vintage econometrics. The diversity of coverage ranges from traditional models of the public economy to the incorporation of defence spending as a significant and often neglected function of the public sector. The contributors include many pioneers and leading lights in the field. The Elgar Companion to Public Economics will be required reading for academics and scholars at many levels in the fields of public economics and public choice but mainly graduate and above. The Companion will also be of value to scholars in the wider social sciences in general and political science in particular.

Author: Carl Patton
Publisher: Routledge
ISBN: 1317350006
Category : Political Science
Languages : en
Pages : 481

View

Book Description
Updated in its 3rd edition, Basic Methods of Policy Analysis and Planning presents quickly applied methods for analyzing and resolving planning and policy issues at state, regional, and urban levels. Divided into two parts, Methods which presents quick methods in nine chapters and is organized around the steps in the policy analysis process, and Cases which presents seven policy cases, ranging in degree of complexity, the text provides readers with the resources they need for effective policy planning and analysis. Quantitative and qualitative methods are systematically combined to address policy dilemmas and urban planning problems. Readers and analysts utilizing this text gain comprehensive skills and background needed to impact public policy.