Taxation and innovation in the 20th century Ufuk Akcigit, John Grigsby, Tom Nicholas, Stefanie Stantcheva
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复方丹参滴丸用量Apr 10, 2019
This paper: a very important question
Do taxes affect innovation?丰收的季节作文
The answer would be yes if innovation is the result of intentional effort and taxes reduce the expected net return from it
白羊沟自然风景区
Yet, there are also hard-working and driven scientists, who ignore financial incentives and merely ek intellectual achievement.
吉士粉Do taxes also affect the quality and location of the innovations produced?厨房排油烟
Key outstanding question: how about the effect on investors’ and firms’ innovation activities over long time horizons?
Taxes have been shown to influence the behaviour of corporations (Chetty and Saez2005)
high-skilled immigrants (Kleven et al. 2014)
superstar inventors (Akcigit et al. 2016, Moretti and Wilson 2017)
aggregate economic activity (Zidar2018)
Yet, our knowledge of the effects of taxation on innovation remains very limited due to a lack of data, especially covering long periods.
This paper: systematically analy the effects of both personal and corporate income taxation on inventors, as well as on firms that do R&D over the 20th century
A new data collection: Patents, R&D, taxes, Investors
Identificatioin methods:IV approach, border county strategy, event study design
some new conclusions
Taxes affect the quantity and quality of inventive activity and shift its location.
At the macro level, cross-state spillovers from one state to another partially
account for the effect.
At the micro level,agglomeration effects from local innovation clusters tend to
weaken responsiveness to taxation.黄箭鱼
Corporate inventors respond more strongly to taxes than their non-corporate
counterparts.
New data collection: Patents, R&D, and taxes
Three newly constructed datats consisting of:
怎么变聪明(1) the univer of corporate and non-corporate inventors who patented since 1920, as well as the citations to their patents;
(2) the patents, rearch employment, and location of laboratory facilities of firms active in R&D;
(3) an historical state-level databa of corporate income taxes linked to personal income tax rates from Bakija(2017).
