Cournot seminar – Arthur Guillouzouic (AMSE, IPP)
The 2026/02/13
From 2:00pm to 3:30pm
Event details :
We are pleased to welcome to the next session of the BETA Cournot seminar organised with the support of the FSEG on Friday 13/02 at 2:00pm:
Arthur Guillouzouic (AMSE, IPP)
who will present his paper entitled
Follow the Money! Why dividends overreact to flat-tax reforms
Abstract: We estimate behavioral responses to dividend taxation using recent French reforms: a rate hike and a cut. Exploiting household and firm tax data as well as data linking firms and shareholders, we find very large dividend tax elasticities. Individuals who control firms adjust dividend receipts instantaneously. Investment is insensitive to dividend taxation. Dividend adjustments are instead driven by corporate saving, as owner-managers treat firms as low-tax saving vehicles. Our results fit the “new view” of dividend taxation, provided an additional low-tax yet costly payout option is available that offers a tax arbitrage opportunity to entrepreneurs in control of their firms.
If you would like to meet Arthur Guillouzouic, please contact Quitterie Roquebert.
Zoom link: https://cnrs.zoom.us/j/92177310097?pwd=Oak7kqGtergekfba2GJCsKRzdbWDCi.1
Seminar agenda: https://www.beta-economics.fr/en/2025-2026-cournot-seminars/