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Taxes and the Labor Supply of the Stars / Daniel Keniston, Abigail Allison M. Peralta.

NBER Working papers Available online

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Format:
Book
Author/Creator:
Keniston, Daniel.
Contributor:
National Bureau of Economic Research.
Peralta, Abigail Allison M.
Series:
Working Paper Series (National Bureau of Economic Research) no. w30698.
NBER working paper series no. w30698
Language:
English
Physical Description:
1 online resource: illustrations (black and white);
Place of Publication:
Cambridge, Mass. National Bureau of Economic Research 2022.
Summary:
Do high taxes cause superstars to work less? We test this hypothesis using complete data on Hollywood movie stars' labor supply from 1927 to 2014. Changes to marginal tax rates in high tax brackets have no significant effect on the number of films a movie star makes each year. However, in years with high taxes, stars produce more highly rated movies with award-winning directors, potentially substituting prestigious films for pecuniary gains
Notes:
Print version record
December 2022.

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