William M. Gentry

 



Associate Professor of Economics
Department of Economics
Morey House
Williams College
Williamstown, MA  01267

Phone:  (413)  597-4257
Fax:      (413)  597-4045
E-Mail: wgentry@williams.edu


Teaching

Fall 2006
Economics 351: Tax Policy
Economics 384: Corporate Finance

Spring 2007
Economics 251: Price and Allocation Theory


Williams College students can get more details on my courses on Blackboard


Research


PDF version of my c.v.

Working Papers, Unpublished Research, and Forthcoming Papers

The Character and Determinants of Corporate Capital Gains, co-authored with Mihir Desai, November 2003, Forthcoming in Tax Policy and the Economy, volume 18, edited by James M. Poterba, MIT Press.

What Can We Learn about the Sensitivity of Investment to Stock Prices with a Better Measure of Tobin's q?, co-authored with Chris Mayer, July 2003.

Deviations between Stock Price and Fundamental Value for Real Estate Investment Trusts, co-authored with Charles Jones and Chris Mayer, March 2003.

The Effects of Share Prices Relative to 'Fundamental' Value on Stock Issuances and Repurchases, co-authored with Chris Mayer, April 2003.

Taxes and Wage Growth, co-authored with Glenn Hubbard, November 2003.

The Effects of Progressive Income Taxation on Job Turnover, co-authored with Glenn Hubbard, May 2003, forthcoming Journal of Public Economics.

Tax Policy and Entry into Entrepreneurship, co-authored with Glenn Hubbard, June 2004.

Entrepreneurship and Household Saving, co-authored with Glenn Hubbard, September 2002.

"Success Taxes," Entrepreneurial Entry, and Innovation, co-authored with Glenn Hubbard, April 2004.


Published Papers

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. Reprinted in Washington University Journal of Law & Policy, 2003, volume 13, pp. 9-74

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.