Declining labor shares and the relative price of investment: evidence from state investment tax credits

Grant Type: doctoral

Grant Year: 2014

Grant Amount: $15,000

Grant description:

This research will explore the changing distribution of income between labor and capital. The project will look specifically at how tax policy focused towards investment may be responsible for the shift of income from labor to capital by looking at differences across states. The shift in the capital-labor distribution is critically important for understanding not just economic inequality, but growth as well.

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