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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 서양
- 최종처리일시
- 20250211151513
- ISBN
- 9798384092872
- DDC
- 658
- 서명/저자
- Market Reactions as Macroeconomic Barometer: Quantifying the TCJAs Effect on GDP and Wages
- 발행사항
- [Sl] : Duke University, 2024
- 발행사항
- Ann Arbor : ProQuest Dissertations & Theses, 2024
- 형태사항
- 70 p
- 주기사항
- Source: Dissertations Abstracts International, Volume: 86-03, Section: A.
- 주기사항
- Advisor: Dyreng, Scott.
- 학위논문주기
- Thesis (Ph.D.)--Duke University, 2024.
- 초록/해제
- 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.
- 일반주제명
- Finance
- 키워드
- Corporate taxes
- 키워드
- Market reactions
- 키워드
- TCJA
- 키워드
- Macroeconomy
- 기타저자
- Duke University Business Administration
- 기본자료저록
- Dissertations Abstracts International. 86-03A.
- 전자적 위치 및 접속
- 로그인 후 원문을 볼 수 있습니다.
MARC
008250123s2024 us c eng d■001000017162008
■00520250211151513
■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[Sl]▼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.
