Dividend taxes and investment during the US Great Depression

被引：1

作者：

Jiang, Lunan ^{[1
]}

机构：

[1] Henan Univ, Ctr Financial Dev & Stabil, Sch Econ, 85 Minglun St, Kaifeng 475001, Henan, Peoples R China

来源：

ECONOMICS LETTERS | 2018年 / 167卷

关键词：

Dividend taxes; Precautionary savings; Investment; The US Great Depression; INCOMPLETE MARKETS; TAXATION;

D O I：

10.1016/j.econlet.2018.03.024

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

This paper builds an Aiyagari model calibrated to the US economy in the 1930s and shows that the household precautionary saving motives can tremendously mitigate the investment decline possibly caused by the anticipated dividend tax increases during the Great Depression. (C) 2018 Elsevier B.V. All rights reserved.

引用

页码：147 / 151

页数：5

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