Capital Taxation During the U.S. Great Depression
Capital Taxation During the U.S. Great Depression
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美国大萧条时期的资本税
DOI：
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发表时间：
2010
期刊：
影响因子：
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通讯作者：
Ellen R Mcgrattan
中科院分区：
文献类型：
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作者：
Ellen R Mcgrattan
以前对美国大萧条的研究发现，增加税收对经济急剧下滑或缓慢复苏的贡献都很小。这些研究只包括一种资本税：商业利得税。当分析包括其他类型的资本税时，贡献要大得多。一个扩展到包括股息税、财产税、资本存量税、超额利润和未分配利润税的一般均衡模型预测的产出、投资和工作时间模式更像20世纪30年代的情况，而不是早期的研究。最大的影响来自对公司股息的税收增加。
Previous studies of the U.S. Great Depression find that increased taxation contributed little to either the dramatic downturn or the slow recovery. These studies include only one type of capital taxation: a business profits tax. The contribution is much greater when the analysis includes other types of capital taxes. A general equilibrium model extended to include taxes on dividends, property, capital stock, and excess and undistributed profits predicts patterns of output, investment, and hours worked more like those in the 1930s than found in earlier studies. The greatest effects come from the increased tax on corporate dividends.