{"id":404065,"date":"2018-07-27T12:38:34","date_gmt":"2018-07-27T10:38:34","guid":{"rendered":"https:\/\/ieb.ub.edu\/publicaciones\/2018-06-relocation-of-the-rich-migration-in-response-to-top-tax-rate-changes-from-spanish-reforms-2\/"},"modified":"2018-07-27T12:38:34","modified_gmt":"2018-07-27T10:38:34","slug":"2018-06-relocation-of-the-rich-migration-in-response-to-top-tax-rate-changes-from-spanish-reforms","status":"publish","type":"publicacion","link":"https:\/\/ieb.ub.edu\/en\/publications\/2018-06-relocation-of-the-rich-migration-in-response-to-top-tax-rate-changes-from-spanish-reforms\/","title":{"rendered":"2018\/06: Relocation of the rich: migration in response to top  tax rate changes from Spanish reforms"},"content":{"rendered":"","protected":false},"excerpt":{"rendered":"<p>A recent Spanish tax reform granted regions the authority to set income tax rates, resulting in substantial tax differentials. We use individual-level information from Social Security records over a period of one decade. 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. Focusing on the stock of top-taxpayers, we estimate an elasticity of the number of top taxpayers with respect to net-of-tax rates of 0.85. Using this elasticity, a theoretical model implies that the mechanical increase in tax revenue due to higher tax rates is larger than the loss in tax revenue from the out-flow of migration.<\/p>\n","protected":false},"author":1,"featured_media":0,"menu_order":0,"template":"","meta":{"_acf_changed":false,"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"tipologia_publicacion":[21],"programa_rel":[79,79,79],"class_list":["post-404065","publicacion","type-publicacion","status-publish","hentry","tipologia_publicacion-working-paper"],"acf":[],"_links":{"self":[{"href":"https:\/\/ieb.ub.edu\/en\/wp-json\/wp\/v2\/publicacion\/404065","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ieb.ub.edu\/en\/wp-json\/wp\/v2\/publicacion"}],"about":[{"href":"https:\/\/ieb.ub.edu\/en\/wp-json\/wp\/v2\/types\/publicacion"}],"author":[{"embeddable":true,"href":"https:\/\/ieb.ub.edu\/en\/wp-json\/wp\/v2\/users\/1"}],"version-history":[{"count":0,"href":"https:\/\/ieb.ub.edu\/en\/wp-json\/wp\/v2\/publicacion\/404065\/revisions"}],"wp:attachment":[{"href":"https:\/\/ieb.ub.edu\/en\/wp-json\/wp\/v2\/media?parent=404065"}],"wp:term":[{"taxonomy":"tipologia_publicacion","embeddable":true,"href":"https:\/\/ieb.ub.edu\/en\/wp-json\/wp\/v2\/tipologia_publicacion?post=404065"},{"taxonomy":"programa_rel","embeddable":true,"href":"https:\/\/ieb.ub.edu\/en\/wp-json\/wp\/v2\/programa_rel?post=404065"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}