Taxation and the life cycle of firms

Erosa, Andrés; González López, Beatriz

Taxation and the life cycle of firms

Author(s): Erosa, Andrés; González López, Beatriz

Publisher: Elsevier

Issued date: 2019-08-01

Citation: Erosa, A., & González, B. (2019). Taxation and the life cycle of firms. Journal of Monetary Economics, 105, pp. 114-130.

ISSN: 0304-3932

DOI: https://doi.org/10.1016/j.jmoneco.2019.04.006

xmlui.dri2xhtml.METS-1.0.item-contributor-funder: Ministerio de Economía y Competitividad (España)
Comunidad de Madrid

Sponsor: Erosa acknowledges financial support from the Ministerio de Economia y Competitividad of Spain (grants ECO2015-68615-P and MDM 2014-0431) and Comunidad de Madrid, MadEco-CM (S2015/HUM-3444). Erosa also acknowledges financial sup- port from the Banco de España. González gratefully acknowledges support from Fundación La Caixa (ID 100010434), grant number LCF/BQ/ES15/10360005

Project: Comunidad de Madrid. S2015/HUM-3444
Gobierno de España. ECO2015-68615-P
Gobierno de España. MDM 2014-0431

Keywords: Capital income taxation , Firm dynamics , Investment , Macroeconomics

JEL Classification: D21 , E22 , E62 , G32 , H32

URI: http://hdl.handle.net/10016/35315

Rights: © 2019 Elsevier B.V. All rights reserved.
Atribución-NoComercial-SinDerivadas 3.0 España

Abstract:

The Hopenhayn and Rogerson (1993) framework is extended to understand how different forms of taxing capital income affect firms’ investment and financial policies over their life cycle. Relative to dividends and capital gains taxation, corporate income taxatio [+]

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