Do tax incentives affect business location and economic development? Evidence from state film incentives

Tax Incentives: Issue and Evidence

Economic Development Incentive Wars What influence do State and Local Economic Development incentives have on the location decisions of firms?

State and local policymakers throughout the country experience tremendous pressure from their constituents to create policy tools that spur job growth and reduce unemployment in their jurisdictions. One tool that has been viewed by policymakers as useful in stimulating job growth and reducing unemployment has been economic development incentives. Despite this view, there has been growing concer...

Temporary Investment Tax Incentives: Theory with Evidence from Bonus Depreciation

There are strong incentives to delay or accelerate investment to take advantage of predictable changes in after-tax prices. For sufficiently long-lived capital goods, these incentives are so strong that the intertemporal elasticity of investment demand is nearly infinite. For temporary tax changes, the equilibrium shadow price of long-lived capital goods should fully reflect the tax subsidy reg...

Do Changes in Pension Incentives Affect Retirement

This paper investigates the responsiveness of individuals’ retirement decisions to forward-looking measures of pension accumulations. In contrast to previous research, we use within-person variation in retirement incentives and are able to control for unobserved heterogeneity in tastes for retirement by studying a panel of subjective retirement expectations. We confirm that individuals do respo...

Tax Incentives to Encourage

Much has been said about the importance of innovation, especially after the rise of globalization and implementation of more open markets. In this paper, we will show how innovation is linked to schools of thoughts that sought to explain and understand what would lead nations to reach a certain degree of long-term development, since the model of Joseph Schumpeter in the mid-1930s until Romer’s ...