题　目：Credit Supply Externality of Intertemporal Income Shifting

嘉　宾：JANG Hansol，Assistant Professor，National University of Singapore

主持人：李烁，助理教授，上海交通大学安泰经济与管理学院

时　间：2026年11月04日（周三）14:00-15:30

地　点：上海交通大学安泰经济与管理学院包兆龙图书馆A407

内容简介:

Individual taxpayers shift their income across time to save taxes. Using the 2013 tax increases as our empirical setting, we show that high-income taxpayers accelerated their taxable income realizations into 2012, especially capital gains. A significant portion of the proceeds went to bank deposits, leading banks to expand credit supply. The additional lending largely supported small residential properties, facilitating credit access for constrained households, specifically those in counties with lower income, lower educational attainment or a greater rural population. Our research demonstrates that tax-avoidance-motivated intertemporal income shifting can have a positive externality on credit supply and potentially enhances financial inclusion.

演讲人简介：

Hansol received his Ph.D. in Accounting from the University of Illinois at Urbana—Champaign. His research interests lie at the intersection of corporate and individual taxation and financial intermediaries.

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