Who Benefits from State Corporate Tax Cuts? A Local Labor Market Approach with Heterogeneous Firms: Reply
中文摘要
在 Suárez Serrato 和 Zidar（2016）中，我们估计了州企业所得税的归宿。Malgouyres、Mayer 和 Mazet-Sonilhac（2023）指出了两个错误：忽略了企业构成效应，以及对资本成本的处理不一致。本回应修正了结构模型及相应的归宿估计。归宿结果与最初报告的估计相似，部分估计的置信区间有所扩大。在修正后的结构模型中，企业所有者归宿份额的估计相对于原始版本变化了1.6个百分点（即38.1%对36.5%）。工人份额的估计为35.0%。土地所有者承担剩余的26.8%。（JEL H22, H25, H32, H71, R23, R51）
Abstract
In Suárez Serrato and Zidar (2016), we estimate the incidence of state corporate taxes. Malgouyres, Mayer, and Mazet-Sonilhac (2023) highlight two errors, ignoring effects on firm composition and characterizing capital costs inconsistently. This reply corrects the structural model and corresponding incidence estimates. The incidence results are similar to the originally reported estimates and the confidence intervals widen for some estimates. In the corrected structural model, the firm owner incidence share estimate changes by 1.6 percentage points relative to the original version (i.e., 38.1 percent versus 36.5 percent). The worker share estimate is 35.0 percent. Landowners bear the remaining 26.8 percent. (JEL H22, H25, H32, H71, R23, R51)