Relocation of the rich: Migration in response to top tax rate changes from spanish reforms

A Spanish reform granted regions the authority to set income tax rates, resulting in substantial tax differentials. Using administrative data, conditional on moving, taxes have a significant effect on location choice. A one percent increase in the net-of-tax rate for a region relative to others incr...

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Detalhes bibliográficos
Autores: Agrawal, David R., Foremny, Dirk
Formato: artículo
Estado:Versión publicada
Fecha de publicación:2019
País:España
Recursos:Varias* (Consorci de Biblioteques Universitáries de Catalunya, Centre de Serveis Científics i Acadèmics de Catalunya)
Repositorio:Recercat. Dipósit de la Recerca de Catalunya
OAI Identifier:oai:recercat.cat:2445/134620
Acesso em linha:https://hdl.handle.net/2445/134620
Access Level:acceso abierto
Palavra-chave:Riquesa
Distribució (Teoria econòmica)
Política migratòria
Administració fiscal
Wealth
Distribution (Economic theory)
Migration policy
Tax administration and procedure
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spelling Relocation of the rich: Migration in response to top tax rate changes from spanish reformsAgrawal, David R.Foremny, DirkRiquesaDistribució (Teoria econòmica)Política migratòriaAdministració fiscalWealthDistribution (Economic theory)Migration policyTax administration and procedureA Spanish reform granted regions the authority to set income tax rates, resulting in substantial tax differentials. Using administrative data, conditional on moving, taxes have a significant effect on location choice. A one percent increase in the net-of-tax rate for a region relative to others increases the probability of moving to that region by 1.7 percentage points. We estimate an elasticity of the number of top taxpayers with respect to net-of-tax rates of 0.85. The mechanical increase in tax revenue due to higher tax rates is larger than the loss in tax revenue from the net out-flow of migration.The MIT Press2019202020192019info:eu-repo/semantics/articleinfo:eu-repo/semantics/publishedVersion19 p.application/pdfapplication/pdfhttps://hdl.handle.net/2445/134620Articles publicats en revistes (Economia)reponame:Recercat. Dipósit de la Recerca de Catalunyainstname:Varias* (Consorci de Biblioteques Universitáries de Catalunya, Centre de Serveis Científics i Acadèmics de Catalunya)InglésReproducció del document publicat a: https://doi.org/10.1162/rest_a_00764The Review of Economics and Statistics, 2019, vol. 101, num. 2, p. 214-232https://doi.org/10.1162/rest_a_00764(c) The MIT Press, 2019info:eu-repo/semantics/openAccessoai:recercat.cat:2445/1346202026-05-29T05:05:01Z
dc.title.none.fl_str_mv Relocation of the rich: Migration in response to top tax rate changes from spanish reforms
title Relocation of the rich: Migration in response to top tax rate changes from spanish reforms
spellingShingle Relocation of the rich: Migration in response to top tax rate changes from spanish reforms
Agrawal, David R.
Riquesa
Distribució (Teoria econòmica)
Política migratòria
Administració fiscal
Wealth
Distribution (Economic theory)
Migration policy
Tax administration and procedure
title_short Relocation of the rich: Migration in response to top tax rate changes from spanish reforms
title_full Relocation of the rich: Migration in response to top tax rate changes from spanish reforms
title_fullStr Relocation of the rich: Migration in response to top tax rate changes from spanish reforms
title_full_unstemmed Relocation of the rich: Migration in response to top tax rate changes from spanish reforms
title_sort Relocation of the rich: Migration in response to top tax rate changes from spanish reforms
dc.creator.none.fl_str_mv Agrawal, David R.
Foremny, Dirk
author Agrawal, David R.
author_facet Agrawal, David R.
Foremny, Dirk
author_role author
author2 Foremny, Dirk
author2_role author
dc.subject.none.fl_str_mv Riquesa
Distribució (Teoria econòmica)
Política migratòria
Administració fiscal
Wealth
Distribution (Economic theory)
Migration policy
Tax administration and procedure
topic Riquesa
Distribució (Teoria econòmica)
Política migratòria
Administració fiscal
Wealth
Distribution (Economic theory)
Migration policy
Tax administration and procedure
description A Spanish reform granted regions the authority to set income tax rates, resulting in substantial tax differentials. Using administrative data, conditional on moving, taxes have a significant effect on location choice. A one percent increase in the net-of-tax rate for a region relative to others increases the probability of moving to that region by 1.7 percentage points. We estimate an elasticity of the number of top taxpayers with respect to net-of-tax rates of 0.85. The mechanical increase in tax revenue due to higher tax rates is larger than the loss in tax revenue from the net out-flow of migration.
publishDate 2019
dc.date.none.fl_str_mv 2019
2019
2019
2020
dc.type.none.fl_str_mv info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
format article
status_str publishedVersion
dc.identifier.none.fl_str_mv https://hdl.handle.net/2445/134620
url https://hdl.handle.net/2445/134620
dc.language.none.fl_str_mv Inglés
language_invalid_str_mv Inglés
dc.relation.none.fl_str_mv Reproducció del document publicat a: https://doi.org/10.1162/rest_a_00764
The Review of Economics and Statistics, 2019, vol. 101, num. 2, p. 214-232
https://doi.org/10.1162/rest_a_00764
dc.rights.none.fl_str_mv (c) The MIT Press, 2019
info:eu-repo/semantics/openAccess
rights_invalid_str_mv (c) The MIT Press, 2019
eu_rights_str_mv openAccess
dc.format.none.fl_str_mv 19 p.
application/pdf
application/pdf
dc.publisher.none.fl_str_mv The MIT Press
publisher.none.fl_str_mv The MIT Press
dc.source.none.fl_str_mv Articles publicats en revistes (Economia)
reponame:Recercat. Dipósit de la Recerca de Catalunya
instname:Varias* (Consorci de Biblioteques Universitáries de Catalunya, Centre de Serveis Científics i Acadèmics de Catalunya)
instname_str Varias* (Consorci de Biblioteques Universitáries de Catalunya, Centre de Serveis Científics i Acadèmics de Catalunya)
reponame_str Recercat. Dipósit de la Recerca de Catalunya
collection Recercat. Dipósit de la Recerca de Catalunya
repository.name.fl_str_mv
repository.mail.fl_str_mv
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score 15,811543

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