Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/280592 
Year of Publication: 
2019
Series/Report no.: 
AEI Economics Working Paper No. 2019-03
Version Description: 
Updated October 2019
Publisher: 
American Enterprise Institute (AEI), Washington, DC
Abstract: 
Long-difference regressions for 1968-2013 show that a higher tax wedge reduces the C-corporate share of net capital stocks, equity (book value), gross assets, and positive net income, as well as the corporate share of gross investment. The C-corporate shares also exhibit downward trends, likely reflecting underlying legal changes. We infer from the quantitative findings that the downward movement in the tax wedge since 1968 has expanded economy-wide productivity by about 4%.
Subjects: 
corporate taxes
Corporate america
JEL: 
A
Document Type: 
Working Paper

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