Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: https://hdl.handle.net/10419/322318 
Erscheinungsjahr: 
2024
Schriftenreihe/Nr.: 
Working Paper No. 17/2024
Verlag: 
Norges Bank, Oslo
Zusammenfassung: 
This paper studies the spending response to news about a dividend tax reform to estimate the elasticity of intertemporal substitution (EIS). The Norwegian dividend tax reform was proposed in 2003, announced in 2004, and implemented in 2006, raising the dividend tax rate by 28 percentage points. We compare the spending responses of exposed households to a control group with no dividend income. Exposed households increased spending after the news and reduced spending after implementation. We show that this behavior is only consistent with an EIS above one. Using a capitalistworker framework, we estimate the EIS to be around 1.6.
Schlagwörter: 
Anticipatory dis-saving
capital income taxation
capitalist-worker model
impulse response matching
JEL: 
D15
E21
H25
Persistent Identifier der Erstveröffentlichung: 
ISBN: 
978-82-8379-337-6
Creative-Commons-Lizenz: 
cc-by-nc-nd Logo
Dokumentart: 
Working Paper
Erscheint in der Sammlung:

Datei(en):
Datei
Größe
2.01 MB





Publikationen in EconStor sind urheberrechtlich geschützt.