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Market Reactions as Macroeconomic Barometer: Quantifying the TCJA's Effect on GDP and Wages.
Market Reactions as Macroeconomic Barometer: Quantifying the TCJA's Effect on GDP and Wages.
상세정보
- 자료유형
- 학위논문
- Control Number
- 0017162008
- International Standard Book Number
- 9798384092872
- Dewey Decimal Classification Number
- 658
- Main Entry-Personal Name
- Standridge, Kevin.
- Publication, Distribution, etc. (Imprint
- [S.l.] : Duke University., 2024
- Publication, Distribution, etc. (Imprint
- Ann Arbor : ProQuest Dissertations & Theses, 2024
- Physical Description
- 70 p.
- General Note
- Source: Dissertations Abstracts International, Volume: 86-03, Section: A.
- General Note
- Advisor: Dyreng, Scott.
- Dissertation Note
- Thesis (Ph.D.)--Duke University, 2024.
- Summary, Etc.
- 요약The Tax Cuts and Jobs Act (TCJA) is one of the most significant US tax reforms in 40 years. However, we know little about the TCJA's macroeconomic effects, presumably due to the difficulty in distinguishing the law's effects from other factors that affect the macroeconomy. In this paper, I create a new methodology that allows a researcher to use firms' market reactions to identify the effects of a macroeconomic shock on the broader economy. I apply this method to the TCJA to identify its effects on GDP and wages. I find that the TCJA increased GDP and total wages paid to employees by 2.2% and 3.4%, respectively. I find that the total wage increase was driven by a 1.7% increase in employment and a 1.3% increase in annual salaries. In other words, I find the TCJA created 2 million jobs and increased average annual salaries by $520.
- Subject Added Entry-Topical Term
- Finance.
- Index Term-Uncontrolled
- Corporate taxes
- Index Term-Uncontrolled
- Market reactions
- Index Term-Uncontrolled
- TCJA
- Index Term-Uncontrolled
- Macroeconomy
- Index Term-Uncontrolled
- Firms' market reactions
- Added Entry-Corporate Name
- Duke University Business Administration
- Host Item Entry
- Dissertations Abstracts International. 86-03A.
- Electronic Location and Access
- 로그인을 한후 보실 수 있는 자료입니다.
- Control Number
- joongbu:654341
MARC
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■006m o d
■007cr#unu||||||||
■020 ▼a9798384092872
■035 ▼a(MiAaPQ)AAI31300177
■040 ▼aMiAaPQ▼cMiAaPQ
■0820 ▼a658
■1001 ▼aStandridge, Kevin.
■24510▼aMarket Reactions as Macroeconomic Barometer: Quantifying the TCJA's Effect on GDP and Wages.
■260 ▼a[S.l.]▼bDuke University. ▼c2024
■260 1▼aAnn Arbor▼bProQuest Dissertations & Theses▼c2024
■300 ▼a70 p.
■500 ▼aSource: Dissertations Abstracts International, Volume: 86-03, Section: A.
■500 ▼aAdvisor: Dyreng, Scott.
■5021 ▼aThesis (Ph.D.)--Duke University, 2024.
■520 ▼aThe Tax Cuts and Jobs Act (TCJA) is one of the most significant US tax reforms in 40 years. However, we know little about the TCJA's macroeconomic effects, presumably due to the difficulty in distinguishing the law's effects from other factors that affect the macroeconomy. In this paper, I create a new methodology that allows a researcher to use firms' market reactions to identify the effects of a macroeconomic shock on the broader economy. I apply this method to the TCJA to identify its effects on GDP and wages. I find that the TCJA increased GDP and total wages paid to employees by 2.2% and 3.4%, respectively. I find that the total wage increase was driven by a 1.7% increase in employment and a 1.3% increase in annual salaries. In other words, I find the TCJA created 2 million jobs and increased average annual salaries by $520.
■590 ▼aSchool code: 0066.
■650 4▼aFinance.
■653 ▼aCorporate taxes
■653 ▼aMarket reactions
■653 ▼aTCJA
■653 ▼aMacroeconomy
■653 ▼aFirms' market reactions
■690 ▼a0272
■690 ▼a0454
■690 ▼a0501
■690 ▼a0508
■71020▼aDuke University▼bBusiness Administration.
■7730 ▼tDissertations Abstracts International▼g86-03A.
■790 ▼a0066
■791 ▼aPh.D.
■792 ▼a2024
■793 ▼aEnglish
■85640▼uhttp://www.riss.kr/pdu/ddodLink.do?id=T17162008▼nKERIS▼z이 자료의 원문은 한국교육학술정보원에서 제공합니다.
