An economics study has been retracted after other researchers identified several inconsistencies in the study’s code and submitted a comment to the journal.
Those critics say the flaws drove the paper’s main findings, but an author of the study says they had no major effect and stands by the results.
The original paper, “Dividend Taxes and the Allocation of Capital,” was published in the American Economic Review in September 2022. It examined the impact of a 2013 increase in the tax rate on dividends in France, concluding an increased rate can encourage the accumulation of capital. The study has been cited four times, according to Clarivate’s Web of Science.
The retraction is only the second in the journal’s history. As Retraction Watch has previously reported, research shows that it is less common for economics papers to be retracted than research in other fields.
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