Replikationsdateien für Downward Revision of Investment Decisions after Corporate Tax Hikes
This paper estimates the causal effect of corporate tax hikes on firm investment
based on more than 1,400 local tax changes. By observing planned and realized
investment volumes in a representative sample of German manufacturing firms,
we can study how tax hikes induce firms to revise their investment decisions. On
average, the share of firms that invest less than previously planned increases by three
percentage points after a tax hike. This effect is twice as large during recessions.
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Veröffentlichung: Sebastian Link, Manuel Menkhoff, Andreas Peichl, Paul Schüle, "Downward Revision of Investment Decisions after Corporate Tax Hikes", American Economic Journal: Economic Policy, conditionally accepted.