PCIT: Data set on _Personal and Corporate Income Tax_

In pvars: VAR Modeling for Heterogeneous Panels

Data set on Personal and Corporate Income Tax

Description

The data set PCIT consists of quarterly observations for

• the average personal income tax rates APITR,

• the average corporate income tax rates ACITR,

• the logarithm of the personal income tax base PITB,

• the logarithm of the corporate income tax base CITB,

• the logarithm of government spending GOV,

• the logarithm of GDP divided by population RGDP, and

• the logarithm of government debt held by the public divided by the GDP deflator and population DEBT.

Moreover, the proxies for shocks to personal m\_PI and corporate m\_CI income taxes are prepended, where non-zero observations from the related narratively identified shock series T\_PI resp. T\_CI have been demeaned. The data set covers the period Q1 1950 to Q4 2006 (T=228) for the US.

Usage

data("PCIT")

Format

A time series data set of class 'data.frame', where the column id_t indicates the quarter of the year.

Source

The prepared data set is directly obtainable from openICPSR: \Sexpr[results=rd]{tools:::Rd_expr_doi("10.3886/E116190V1")}. Supplementary Research Data. This is open data under the CC BY 4.0 license.

References

Mertens, K., and Ravn, M. O. (2013): "The Dynamic Effects of Personal and Corporate Income Tax Changes in the United States", American Economic Review, 103, pp. 1212-1247.

Jentsch, C., and Lunsford, K. G. (2019): "The Dynamic Effects of Personal and Corporate Income Tax Changes in the United States: Comment", American Economic Review, 109, pp. 2655-2678.

Mertens, K., and Ravn, M. O. (2019): "The Dynamic Effects of Personal and Corporate Income Tax Changes in the United States: Reply", American Economic Review, 109, pp. 2679-2691.

See Also

Other data sets: ERPT, EURO, EU_w, ICAP, MDEM, MERM, PCAP

pvars documentation built on Nov. 5, 2025, 6:57 p.m.