Aggregate implications of the tax reform of 2017: Can taxes guide technology?
This paper analyzes the effects of the US tax reform of 2017 using a model of endogenous technological adoption. The lower tax levels induce large human capital investments that are augmented by the endogenous transition towards skill biased technologies. •Tax effects are amplified in a model of end...
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| Veröffentlicht in: | Economics letters 2018-12, Vol.173, p.6-9 |
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| container_title | Economics letters |
| container_volume | 173 |
| creator | Moscoso Boedo, Hernan |
| description | This paper analyzes the effects of the US tax reform of 2017 using a model of endogenous technological adoption. The lower tax levels induce large human capital investments that are augmented by the endogenous transition towards skill biased technologies.
•Tax effects are amplified in a model of endogenous technological adoption.•The 2017 Tax reform implies a partial substitution of physical capital by human capital.•The 2017 Tax reform incentivizes the adoption of ever more skill-biased technologies. |
| doi_str_mv | 10.1016/j.econlet.2018.09.009 |
| format | Article |
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| identifier | ISSN: 0165-1765 |
| ispartof | Economics letters, 2018-12, Vol.173, p.6-9 |
| issn | 0165-1765 1873-7374 |
| language | eng |
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| source | Elsevier ScienceDirect Journals Complete; PAIS Index |
| subjects | Adoption of innovations Bias Capital investments Endogenous Endogenous skill biased technical change Human capital Tax policy Tax rates Tax reform Taxation Technological change Technology Technology adoption |
| title | Aggregate implications of the tax reform of 2017: Can taxes guide technology? |
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