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Jake Mortenson

@jm0rt.bsky.social

200 followers 140 following 12 posts

on here: tax economist out there: also a tax economist, but other things too http://www.JacobMortenson.com

www.JacobMortenson.com

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Jake Mortenson @jm0rt.bsky.social · Nov 13

This is a thread on academic papers relevant to discussions of potential U.S. tax policy changes. Will be adding to it periodically. Please feel free to send suggestions.

But first here is a list of expiring provisions between now and 2034, compiled by JCT: www.jct.gov/publications...

[1/n]

JCX-1-24

www.jct.gov

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Reposted by Jake Mortenson

NBER @nber.org · Jun 10

Analyzing US multinational enterprises' trade flows using newly linked customs transaction data and their production networks, revealing intrafirm linkages and trade frictions in regional supply chains, from Alfaro, Conconi, @fkamal.bsky.social, and Kroff https://www.nber.org/papers/w33887

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Reposted by Jake Mortenson

Eric Thompson @ericjthompson81.bsky.social · May 29

It has now been 134 consecutive combined seasons for Minnesota’s NFL, MLB, NHL, NBA, and MLS teams without a finals appearance.

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Reposted by Jake Mortenson

Journal of Public Economics @jpube.bsky.social · May 9

Recently published in @jpube.bsky.social:

"Tax Avoidance through corporate accounting: Insights for corporate tax bases"

By Eric Heiser, Michael Love, & @jm0rt.bsky.social

www.sciencedirect.com/science/arti...

#econsky

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Jake Mortenson @jm0rt.bsky.social · May 9

Excited to have this paper out in JPubEc.

Relevant to folks pondering/evaluating/designing corporate tax bases!

Journal of Public Economics @jpube.bsky.social · May 9

The maxim in tax policy is for “broader bases, lower rates” to reduce distortions. But when Texas broadened its corporate tax base & lowered its rate in 2006, it left a hole: cost of goods sold. This paper finds a large response by firms reclassifying expenses as cost of goods sold to avoid the tax.

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Reposted by Jake Mortenson

Andy Garin @andygarin.bsky.social · Mar 3

🚨New Predoc Posting Alert!🚨

@koenig-felix.bsky.social and I are looking to hire a full-time predoctoral fellow to work with us on projects about the economics of labor markets and the future work at @carnegiemellon.bsky.social

Please share and/or apply!

apply.interfolio.com/164383

#econ_ra

Apply - Interfolio {{$ctrl.$state.data.pageTitle}} - Apply - Interfolio

apply.interfolio.com

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Reposted by Jake Mortenson

AEA Journals @aeajournals.bsky.social · Feb 24

Forthcoming in AEJ: Applied Economics: "Labor Supply and Entertainment Innovations: Evidence From the U.S. TV Rollout" by George Fenton and Felix Koenig. www.aeaweb.org/articles?id=...

Labor Supply and Entertainment Innovations: Evidence From the U.S. TV Rollout

(Forthcoming Article) - We study the impact of entertainment technology on labor supply. Using Social Security work histories and a natural experiment arising from the regulated U.S. rollout of televi...

www.aeaweb.org

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Reposted by Jake Mortenson

jeffreypclemens.bsky.social @jeffreypclemens.bsky.social · Feb 22

Reminder to submit your papers on topics related to the economics of state and local government finances, fiscal federalism, and related themes by February 27th:
www.nber.org/conferences/...

Conference to be held September 11-12, 2025.

Fiscal Dynamics of State and Local Governments, Fall 2025

www.nber.org

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Reposted by Jake Mortenson

Enda Hargaden @notches.bsky.social · Feb 24

Present your best public finance research in Dublin ☘️

Theory and empirics welcome, just send us your best work. Keynote from one of best PF economists in Europe, @dinapomeranz.bsky.social. Thanks to support from the Central Bank, UCD, and TCD.

Go to publiceconomics.ie for details on how to submit.

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Reposted by Jake Mortenson

Andrew Whitten @andrew-whitten.bsky.social · Feb 3

🚨now out in the Journal of Financial Economics 🚨

“Financial Inclusion Across the United States”

by Moto Yogo, Natalie Cox, and me

https://www.sciencedirect.com/science/article/pii/S0304405X2500011X?dgcid=coauthor

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Reposted by Jake Mortenson

Journal of Public Economics @jpube.bsky.social · Feb 23

Just published in the @jpube.bsky.social:

"How Do Business Owners Respond to a Tax Cut? Examining the 199A Deduction for Pass-through Firms"

By Lucas Goodman, Katherine Lim, Bruce Sacerdote, & @andrew-whitten.bsky.social

www.sciencedirect.com/science/arti... #econsky

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Jake Mortenson @jm0rt.bsky.social · Feb 20

If you’re looking for ways to improve your local school district, this excellent piece of research suggests HVAC improvements as low hanging fruit. [ungated version here]: www.barbarabiasi.com/uploads/1/0/...

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Reposted by Jake Mortenson

Journal of Public Economics @jpube.bsky.social · Feb 15

Just published in @jpube.bsky.social:

"Correlation in state and local tax changes"

By Scott R. Baker, Pawel Janas, & @lorenzkueng.bsky.social

www.sciencedirect.com/science/arti...
#econsky

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Reposted by Jake Mortenson

Heidi L. Williams @heidiwilliams.bsky.social · Dec 29

I’m excited to share a funded year-long PhD student fellowship, combining non-partisan economic policy research & public service at:

- Congressional Budget Office
- Congressional Research Service
- Medicare Payment Advisory Commission

Deadline is Thursday 30 January 2025

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Reposted by Jake Mortenson

David H. Montgomery @dhmontgomery.com · Dec 21

1/ It's Christmastime, and for a certain elite few that means our thoughts turn to only one thing: the greatest holiday special of all time, 1987's "A Muppet Family Christmas."

And in this THREAD I have a *treat* for all of you, courtesy my family's 1989 VHS recording.

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Reposted by Jake Mortenson

Tatyana Deryugina @tderyugina.bsky.social · Dec 20

What can your advisor do? They almost certainly can't help you with the most competitive places on your list, but they can reach out to places that may have thought you were out of reach and let them know you are gettable.

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Jake Mortenson @jm0rt.bsky.social · Dec 9

(yes)

Check out that JHR article I linked to. Covers lots of these unit of observation questions, and the ramifications for income inequality measures

For ex, this probably only includes individuals who file tax returns or are claimed on tax returns as dependents, which misses about 10% of adults

Jake Mortenson @jm0rt.bsky.social · Dec 9

I assume it is neither, given the use of “adjusted gross income”,

Presumably it is a “tax unit”

davidsplinter.com/LarrimoreMor...

davidsplinter.com

Reposted by Jake Mortenson

Owen Zidar @omzidar.bsky.social · Dec 4

Was nice to see this from the CBO
www.cbo.gov/publication/...

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Jake Mortenson @jm0rt.bsky.social · Dec 3

Were you a boy scout? Looks like a pinewood derby car.

Reposted by Jake Mortenson

Max Roser @maxroser.bsky.social · Nov 27

Few people even know about this; when people are asked in surveys how child mortality has changed the majority says it has stagnated or increased.

If you consider that many don't know about humanity's biggest achievement, then it's not surprising that many are so pessimistic about our future.

36 510 1.5K

Jake Mortenson @jm0rt.bsky.social · Nov 24

The TCJA meaningfully increased the standard deduction, reducing the share of taxpayers who itemize their deductions. This reduced the use of charitable giving deductions (an itemized deduction). Han et al. find that charitable giving declined as a result: www.nber.org/papers/w32737
[4/n]

Tax Incentives for Charitable Giving: New Findings from the TCJA

Founded in 1920, the NBER is a private, non-profit, non-partisan organization dedicated to conducting economic research and to disseminating research findings among academics, public policy makers, an...

www.nber.org

Reposted by Jake Mortenson

Simon Toussaint @simontoussaint.nl · Nov 14

📯 Job Market Paper Alert 📯

Private businesses make up 50% of sales & profits and are the main wealth component of the wealthiest households. So, what is their value? Well, that's difficult, since they're not listed: their value is unobservable by definition!

My #EconJMP tackles this problem 1/

Robust Estimation of Private Business Wealth*
Job Market Paper
Simon J. Toussaint†
November 14, 2024
[Most recent version here]
Abstract
Estimating the market value of private businesses is essential for understanding both aggregate firm dynamics and top wealth
inequality, yet these values are inherently unobservable. This paper introduces an econometric approach that treats the gap
between true market values and initial estimates as measurement error. I employ time-series restrictions on these errors as
moment conditions within a GMM framework, and use the fitted values from these estimations as error-free estimates of
private business wealth and capital stocks. Applying this method to Dutch administrative data linking the universe of firms
to their owners, I find that aggregate private business wealth increases by 30% of GDP initially, and is more stable than the
unadjusted series. Top 1% and 0.1% wealth shares increase by 3–5 percentage points, peaking at 38% and 20%, respectively.
Adjusted returns to firm wealth exhibit a steeper gradient across the wealth distribution than unadjusted returns, consistent
with models of return heterogeneity.

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Jake Mortenson @jm0rt.bsky.social · Nov 20

Hi Pierce, would appreciate being added to this.

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Jake Mortenson @jm0rt.bsky.social · Nov 20

Some of the provisions affecting multinational entities — notably GILTI and FDII — tighten or become less generous (respectively) at the end of 2025. This paper, by Smith et al., studies the effect of these provisions and other corporate tax changes in TCJA: papers.ssrn.com/sol3/papers.... [3/n]

Tax Policy and Investment in a Global Economy

We evaluate the 2017 Tax Cuts and Jobs Act. Combining reduced-form estimates from tax data with a global investment model, we estimate responses, identify param

papers.ssrn.com

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Jake Mortenson @jm0rt.bsky.social · Nov 19

👋