000			02011nab a2200301 c 4500
999			_c144548 _d144548
003			ES-MaIEF
005			20210826122610.0
007			ta
008			210826s2021 us ||||| |||| 00| 0|eng d
040			_aES-MaIEF _bspa _cES-MaIEF
100	1		_969182 _aBaker, Scott R.
245		0	_aShopping for lower sales tax rates _c Scott R. Baker, Stephanie Johnson and Lorenz Kueng
260			_c2021
500			_aResumen.
504			_aBibliografía.
520			_aUsing comprehensive high-frequency state and local sales tax data, we show that shopping behavior responds strongly to changes in sales tax rates. Even though sales taxes are not observed in posted prices and have a wide range of rates and exemptions, consumers adjust in many dimensions. They stock up on storable goods before taxes rise and increase online and cross-border shopping in both the short and long run. The difference between short- and long-run spending responses has important implications for the efficacy of using sales taxes for countercyclical policy and for the design of an optimal tax framework. Interestingly, households adjust spending similarly for both taxable and tax-exempt goods. We embed an inventory problem into a continuous-time consumption-savings model and demonstrate that this behavior is optimal in the presence of shopping trip fixed costs. The model successfully matches estimated short-run and long-run tax elasticities. We provide additional evidence in favor of this new shopping complementarity mechanism.
650		4	_948680 _aVENTAS
650		4	_aIMPUESTOS _947460
650		4	_948570 _aTIPOS DE GRAVAMEN
650		4	_940658 _aCONSUMO
650		4	_940660 _aCONSUMO FAMILIAR
650		4	_aESTADOS UNIDOS _942888
650		4	_947776 _aMODELOS ECONOMETRICOS
700	1		_969183 _aJohnson, Stephanie
700	1		_969184 _aKueng, Lorenz
773	0		_9165523 _oOP 2137/2021/3 _tAmerican Economic Journal : Macroeconomics _w(IEF)64915 _x 1945-7707 _gv. 13, n. 3, July 2021, p. 209-250
942			_cART