Dividend taxes and investment during the U.S. Great Depression
Economics Letters, 2018, vol. 167, issue C, 147-151
This paper builds an Aiyagari model calibrated to the US economy in the 1930s and shows that the household precautionary saving motives can tremendously mitigate the investment decline possibly caused by the anticipated dividend tax increases during the Great Depression.
Keywords: Dividend taxes; Precautionary savings; Investment; The U.S. Great Depression (search for similar items in EconPapers)
JEL-codes: E23 E44 D52 (search for similar items in EconPapers)
References: View references in EconPapers View complete reference list from CitEc
Citations Track citations by RSS feed
Downloads: (external link)
Full text for ScienceDirect subscribers only
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:eee:ecolet:v:167:y:2018:i:c:p:147-151
Access Statistics for this article
Economics Letters is currently edited by Economics Letters Editorial Office
More articles in Economics Letters from Elsevier
Bibliographic data for series maintained by Dana Niculescu ().