000			01752nab a2200277 c 4500
999			_c148209 _d148209
003			ES-MaIEF
005			20230921132239.0
007			ta
008			230921t2023 us ||||| |||| 00| 0|eng d
040			_aES-MaIEF _bspa _cES-MaIEF
100	1		_971004 _aMalgouyres, Clément
245		0	_aWho benefits from state corporate tax cuts? _ba local labor markets approach with heterogeneous firms : comment _c by Clément Malgouyres, Thierry Mayer and Clément Mazet-Sonilhac
500			_aResumen.
504			_aBibliografía.
520			_aSuarez Serrato and Zidar (2016) identify state corporate tax incidence in a spatial equilibrium model with imperfectly mobile firms. Their identification argument rests on comparative statics omitting a channel implied by their model: the link between common determinants of a location's attractiveness and the average idiosyncratic productivity of firms choosing that location. This compositional margin causes the labor demand elasticity to be independent from the product demand elasticity, impeding the identification of incidence from the four estimated reduced-form effects. Assigning consensual values to the unidentified parameters, we find that the incidence share borne by firm owners is closer to 25 percent than 40 percent.
650			_aIMPUESTO DE SOCIEDADES _945680
650		4	_948221 _aREDUCCIONES TRIBUTARIAS
650		4	_aMUNICIPIOS _932254
650		4	_947734 _aMERCADO DE TRABAJO
650		4	_aEMPLEO _943494
650		4	_947776 _aMODELOS ECONOMETRICOS
700	1		_971005 _aMayer, Thierry
700	1		_971006 _aMazet-Sonilhac, Clément
773	0		_9170218 _oOP 234/2023/8 _tThe American Economic Review _w(IEF)103372 _x 0002-8282 _g v. 113, n. 8, August 2023, p. 2270-2286
942			_cART