State Taxation and the Reallocation of Business Activity: Evidence from Establishment-Level Data
利用多州企业及其组织形式的普查微观数据，估计州税对商业活动的影响，发现C型公司就业和机构数量对企业所得税弹性为-0.4至-0.5，而穿透实体对个人所得税弹性为-0.2至-0.4，约一半效应源于资源向其他州的重新配置。
Using census microdata on multistate firms and their organizational forms, we estimate the impact of state taxes on business activity. For C corporations, employment and the number of establishments have short-run corporate tax elasticities of −0.4 to −0.5 and do not vary with changes in personal tax rates. Pass-through entity activities show tax elasticities of −0.2 to −0.4 with respect to personal tax rates and are invariant with respect to corporate tax rates. Capital shows similar patterns. Reallocation of productive resources to other states drives around half the effect. The responses are strongest for firms in tradable and footloose industries.