Passing the burden: corporate tax incidence in open economies



Table 7: The Effects of the Marginal Corporate Tax Rate, Openness, and Their Interaction

_____on Gross Wages by Education: Dependent Variable: Ln(Annual Gross Wage)_____

Low Education

Middle Education

High Education

Marginal Corporate Tax Rate

-0.9128 **

(.456)

-0.267

(.393)

-0.2206

(.349)

Openness

-1.1983 ***

(.387)

-1.1563 ***
(.408)

-1.269 ***
(.385)

(Openness- mean open)*Corp Tax

2.0026 *
(1.068)

2.463 ***

(.957)

2.6537 **

(1.139)

Age

0.5814
(.601)

0.5218
(.542)

0.6236
(.388)

Age-Squared

-0.0068

(.008)

-0.0077

(.007)

-0.0085

(.005)

Male

0.4785

(.3896)

0.3035
(.493)

0.8928 ***
(.301)

GDP per Capita

1.0908 ***
(.116)

1.1114 ***
(.104)

0.9977 ***
(.108)

Year

-0.0218 ***
(.005)

-0.0117 **
(.005)

0.0043
(.007)

Constant

31.613 **

(12.484)

14.9796

(15.293)

-18.561

(18.39)

R-Squared

0.7602

0.8447

0.7864

N__________________________

_______65________

___________65_________

__________65

Notes: All regressions include random effects and standard errors are clustered at the country level.

*, **, and *** indicate statistical significance at the 10%, 5% and 1% level, respectively.

37



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