000			02704cam a22003857 4500
001			w21760
003			NBER
005			20211020105426.0
006			m o d
007			cr cnu||||||||
008			210910s2015 mau fo 000 0 eng d
100	1		_aFajgelbaum, Pablo D. _933322
245	1	0	_aState Taxes and Spatial Misallocation / _cPablo D. Fajgelbaum, Eduardo Morales, Juan Carlos Suárez Serrato, Owen M. Zidar.
260			_aCambridge, Mass. _bNational Bureau of Economic Research _c2015.
300			_a1 online resource: _billustrations (black and white);
490	1		_aNBER working paper series _vno. w21760
500			_aNovember 2015.
520	3		_aWe study state taxes as a potential source of spatial misallocation in the United States. We build a spatial general equilibrium framework that incorporates salient features of the U.S. state tax system, and use changes in state tax rates between 1980 and 2010 to estimate the model parameters that determine how worker and firm location respond to changes in state taxes. We find that heterogeneity in state tax rates leads to aggregate welfare losses. In terms of consumption equivalent units, harmonizing state taxes increases worker welfare by 0.6 percent if government spending is held constant, and by 1.2 percent if government spending responds endogenously. Harmonization of state taxes within Census regions achieves most of these gains. We also use our model to study the general equilibrium effects of recently implemented and proposed tax reforms.
530			_aHardcopy version available to institutional subscribers
538			_aSystem requirements: Adobe [Acrobat] Reader required for PDF files.
538			_aMode of access: World Wide Web.
588	0		_aPrint version record
690		7	_aE6 - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook _2Journal of Economic Literature class.
690		7	_aF12 - Models of Trade with Imperfect Competition and Scale Economies • Fragmentation _2Journal of Economic Literature class.
690		7	_aH71 - State and Local Taxation, Subsidies, and Revenue _2Journal of Economic Literature class.
690		7	_aR13 - General Equilibrium and Welfare Economic Analysis of Regional Economies _2Journal of Economic Literature class.
700	1		_aMorales, Eduardo.
700	1		_aSuárez Serrato, Juan Carlos.
700	1		_aZidar, Owen M.
710	2		_aNational Bureau of Economic Research.
830		0	_aWorking Paper Series (National Bureau of Economic Research) _vno. w21760.
856	4	0	_uhttps://www.nber.org/papers/w21760
856			_yAcceso en línea al DOI _uhttp://dx.doi.org/10.3386/w21760
942			_2ddc _cW-PAPER
999			_c326363 _d284925