The Impact of the New Markets Tax Credit on Local Business Activity
by Joyce Lillian Simmons Abstract This paper studies the causal impact of the New Markets Tax Credit (NMTC) program on local economic activity. I exploit quasi-experimental variation in eligibility at the census tract level using a regression discontinuity design based on the program’s median family income threshold and use this variation as an instrument for […]
Business Tax Incentives and Local Economic Outcomes
by Erel Amit Abstract This paper examines how state conformity to federal bonus depreciation and interest deductibility rules affects local economic activity in U.S. border counties. Using annual firstdifference border-group regressions, with border-pair specifications as a complementary design, I study whether changes in state conformity to 168(k) and 163(j) are associated with changes in employment, […]
The Impact of 2021 Advance Child Tax Credit Payments on Low-Income Households’ Labor Supply
by Zixin “Ellen” Zhang Abstract Studies have established that the Advance 2021 Child Tax Credit (CTC) payments substantially reduced poverty and food insecurity, but some claim that the CTC payments may create negative labor supply effects that could offset its hardship-reduction benefits. Researchers have used a variety of methods to measure how the monthly CTC […]
Taxing Marijuana and the Road to Reparations: Comparing the Colorado and Illinois Cannabis Markets
by Tommaso Carlo Filippo Babucci Abstract Although still prohibited at the federal level, cannabis can now be found on the shelves of recreational dispensaries across thirty-three U.S states. This thesis examines the development of this legal market from both historical and empirical perspectives. Using a new data set, it estimates the determinants of cannabis sales […]
Japan’s Furusato Nouzei (Hometown Tax): Which Areas Get How Much, and Is It Really Working?
by Kay Hasegawa Abstract In 2015, 7,260,093 individuals donated a total of ¥165,291,021,000 (approximately 1.5 billion USD total) to 1,741 municipalities in Japan using the furusato nouzei system (Ministry of Internal Affairs and Communications). In this paper, I examine this system in two ways. Firstly, I predict the amount of donations each municipality receives based […]
Tax Evasion and Tax Morale in Latin America
By Sofia Becerra Taschetti Tax evasion throughout the world is widely endured, but not widely understood. The decision making process of the taxpayer may include many concerns outside of the monetary payoffs. The tax compliance decision considers social norms and social sanctions in addition to deterrence levels. The goal of this paper is to illuminate […]
Federal Excise Taxes and the U.S. Beer Industry’s Three-Tier System of Distribution: Do beer manufacturers benefit from federal excise taxes?
by Ankur Sunildatta Fadia Abstract On January 1, 1991, the federal excise tax on beer increased from $9 to $18 per barrel. Young & Bielinska-Kwapisz (2002) discovered that this $9 per barrel tax increase led to a $15-$17 per barrel increase in the end-of-sale price of beer. No study has yet explained why the beer […]
