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The Growth and welfare effects of deficit-financed dividend tax cuts
I develop a tractable growth model that allows me to study analytically transition dynamics and welfare in response to a deficit-financed cut of the tax rate on distributed dividends. I then carry out a quantitative assessment of the Job Growth and Taxpayer Relief Reconciliation Act (JGTRRA) of 2003. I find that the Act produces lower steady-state growth despite the fact that the economy's saving and employment ratios rise. Most importantly, it produces a welfare loss of 19.34% of annual consumption per capita -- a substantial effect driven by the fact that the steady-state growth rate falls from 2% to 1.08%. [PUBLICATION ABSTRACT].Printed journal
Ketersediaan
| Call Number | Location | Available |
|---|---|---|
| JMCB4304 | PSB lt.dasar - Pascasarjana | 1 |
| Penerbit | : The Ohio State University |
|---|---|
| Edisi | - |
| Subjek | Dividends Growth models studies Federal legislation Tax cuts |
| ISBN/ISSN | 222879 |
| Klasifikasi | - |
| Deskripsi Fisik | - |
| Info Detail Spesifik | - |
| Other Version/Related | Tidak tersedia versi lain |
| Lampiran Berkas | Tidak Ada Data |