William Gentry

Professor of Economics
email
CV
413-597-4257
Schapiro Hall Rm 329

Education

B.S. Massachusetts Institute of Technology (1986)
M.A. Princeton University, Economics (1991)
Ph.D. Princeton University, Economics (1991)

Courses

Note: courses in gray are not offered this academic year.

ECON 110(F)

Principles of Microeconomics

ECON 229

Law and Economics

ECON 384(S)

Corporate Finance

POEC 402(S)

Political Economy of Public Policy Issues

ECON 458 T

Economics of Risk

Curriculum Vitae

Fields of Specialization

Public finance
Economic effects of taxation
Corporate finance

Publications

“Enhancing Retirement Security Through the Tax Code: The Efficacy of Tax-Based Subsidies in Life Annuity Markets,” with Casey G. Rothschild, Journal of Pension Economics and Finance, April 2010, vol. 9, no. 2, pp. 185-218.

“Understanding Spatial Variation in Tax Sheltering:  The Role of Demographics, Ideology and Taxes” with Matthew Kahn, International Regional Science Review, forthcoming.

“Enhancing Retirement Security Through the Tax Code: The Efficacy of Tax-Based Subsidies in Life Annuity Markets,” with Casey G. Rothschild, Journal of Pension Economics and Finance, forthcoming.

“The Future of Tax Research:  A Mostly Economics Perspective,” Journal of the American Tax Association, Fall 2007, vol. 29, no. 2, pp. 95-105.

“‘Success Taxes,’ Entrepreneurial Entry, and Innovation,” with R. Glenn Hubbard, in Adam B. Jaffe, Joshua Lerner and Scott Stern, eds., Innovation Policy and the Economy, volume 5, MIT Press, 2005, pp. 87-108.

“The Character and Determinants of Corporate Capital Gains,” with Mihir A. Desai, in James M. Poterba, ed., Tax Policy and the Economy, volume 18, MIT Press, 2004, pp. 1-36.

“Entrepreneurship and Household Saving,” with R. Glenn Hubbard, Advances in Economic Analysis & Policy, Berkeley Electronic Press, forthcoming. Previous version: National Bureau of Economic Research, Working Paper No. 7894, September 2002.

“The Effects of Progressive Income Taxation on Job Turnover,” with R. Glenn Hubbard, Journal of Public Economics, September 2004, vol. 88, no. 11, pp. 2301-2322.

“Frictions and Tax-Motivated Hedging: An Empirical Exploration of Publicly Traded Exchangeable Securities,” with David M. Schizer, National Tax Journal, March 2003, vol. 56, no. 1 (Part 2), pp. 167-195.

“Dividend Taxes and Share Prices: Evidence from Real Estate Investment Trusts,” with Deen Kemsley and Christopher J. Mayer, Journal of Finance, February 2003, vol. 58, no. 1, pp. 261-282.

“Debt, Investment, and Endowment Accumulation: The Case of Not-for-Profit Hospitals,” Journal of Health Economics, September 2002, vol. 21, no. 5, pp. 845-872.

“Tax Policy and Entrepreneurial Entry,” with R. Glenn Hubbard, American Economic Review, May 2000, vol. 90, pp. 283-287.

“The Tax Benefits of Not-for-Profit Hospitals,” with John R. Penrod, in David Cutler, ed., The Changing Hospital Industry: Comparing Not-for-Profit and For-Profit Institutions, University of Chicago Press, 2000, pp. 285-324.

“Fundamental Tax Reform and Corporate Financial Policy,” with R. Glenn Hubbard, in James M. Poterba, ed., Tax Policy and the Economy, volume 12, 1998, pp. 191-227.

“Organizational Form and Insurance Company Performance: Stocks versus Mutuals,” with Patricia Born, W. Kip Viscusi, and Richard Zeckhauser, in David F. Bradford, ed., Property Casualty Insurance, University of Chicago Press, 1998, pp. 167-192.

“Distributional Implications of Introducing a Broad-Based Consumption Tax,” with R. Glenn Hubbard, in James M. Poterba, ed., Tax Policy and the Economy, volume 11, 1997, pp. 1-47.

“The Distributional Effects of the Tax Treatment of Child Care Expenses,” with Alison P. Hagy, in Martin S. Feldstein and James M. Poterba, eds., Empirical Foundations of Household Taxation, University of Chicago Press, 1996, pp. 99-128.

“Tax Arbitrage, the Choice of Tax Base and the Prospects for Tax Reform,” with Rosanne Altshuler, National Tax Association-Tax Institute of America, Proceedings of the Eighty-Eighth Annual Conference, 1995, pp. 236-241.

“Capital Gains Taxes and Realizations: Evidence from Interstate Comparisons,” with W. T. Bogart, Review of Economics and Statistics, May 1995, vol. 77, pp. 267-282.

“Annuity Markets and Retirement Saving,” National Tax Association-Tax Institute of America, Proceedings of the Eighty-Seventh Annual Conference, 1994, pp. 178-183.

“State Tax Structure and Multiple Policy Objectives,” with Helen F. Ladd, National Tax Journal, December 1994, vol. 47, pp. 747-772.

“Residential Energy Demand and the Taxation of Housing,” The Energy Journal, May 1994, vol. 15, no. 2, pp. 89-105.

“Taxes, Financial Decisions and Organizational Form: Evidence from Publicly Traded Partnerships,” Journal of Public Economics, February 1994, vol. 53, pp. 223-244.

“Exchange-Rate Exposure and Industry Characteristics: Evidence from Canada, Japan and the U.S.,” with Gordon Bodnar, Journal of International Money and Finance, February 1993, vol. 12, pp. 29-45.

“Taxes and Organizational Form: The Rise and Fall of Publicly Traded Partnerships,” National Tax Association-Tax Institute of America, Proceedings of the Eighty-Fourth Annual Conference, 1991, pp. 30-34.

“Capital Taxation and Publicly Traded Partnerships: A Summary,” National Tax Association-Tax Institute of America, Proceedings of the Eighty-Fourth Annual Conference, 1991, pp. 101-107.

“Do State Revenue Forecasters Utilize Available Information?” National Tax Journal, December 1989, vol. 42, pp. 429-440.

“Testing the Rationality of State Revenue Forecasts,” with Daniel Feenberg, David Gilroy, and Harvey Rosen, Review of Economics and Statistics, May 1989, vol. 71, no. 2, pp. 300-308.

Unpublished Research

“A Review of the Evidence on the Incidence of the Corporate Income Tax,” December 2007, Office of Tax Analysis, U.S. Department of Treasury, Working Paper 101.

“What Can We Learn about the Sensitivity of Investment to Stock Prices with a Better Measure of Tobin’s q?” with Christopher J. Mayer, April 2006.

“The Effects of Share Prices Relative to ‘Fundamental’ Value on Stock Issuances and Repurchases,” with Christopher J. Mayer, April 2003.

“Do Stock Prices Really Reflect Fundamental Values? The Case of REITs” with Charles M. Jones and Christopher J. Mayer, July 2004.

“Tax Policy and Entry into Entrepreneurship,” with R. Glenn Hubbard, June 2004.

“Taxes and Wage Growth,” with R. Glenn Hubbard, November 2003.

“Taxes and the Increased Investment in Annuities,” with Joseph Milano, April 1998, National Bureau of Economic Research, Working Paper No. 6525; revised: December 1998.

“An Illustration of Taxes and Corporate Reorganizations: Rockwell Sells Its Defense Units to Boeing,” November 1996; revised November 1999.

“Taxes and Fringe Benefits Offered by Employers,” with Eric Peress, National Bureau of Economic Research, Working Paper No. 4764, May 1994. Revised: June 1995.

“Franchising and Asymmetric Information in Capital Markets,” April 1993. Revised: December 1995.

“Effects of the International Economy on Domestic Industries: Tests Using Financial Data,” with Gordon Bodnar, Princeton University Financial Research Center, Memorandum #105, September 1989.

Selected Work Experience

Taught in the Economics Department at Duke University and the Graduate School of Business at Columbia University.

Faculty Research Fellow, National Bureau of Economic Research

Current Committees

  • College and Community Advisory Committee
  • Justice and Law Studies
  • Political Economy Program