William M. Gentry
Associate Professor of Economics
Department of Economics
Williamstown, MA 01267
Phone: (413) 597-4257
Fax: (413) 597-4045
Economics 351: Tax Policy
Economics 384: Corporate Finance
Economics 251: Price and Allocation Theory
Williams College students can get more details on my courses on Blackboard.
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Working Papers, Unpublished Research, and Forthcoming Papers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,
Taxes and Wage Growth, co-authored
with Glenn Hubbard,
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.
Household Saving, co-authored with Glenn
Hubbard, September 2002.
"Success Taxes," Entrepreneurial Entry,
and Innovation, co-authored with Glenn
Hubbard, April 2004.
“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,
“Organizational Form and
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.
of Introducing a Broad-Based Consumption Tax,” with R. Glenn Hubbard,
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
Feldstein and James M. Poterba, eds., Empirical
Foundations of Household Taxation, University of Chicago Press,
“Tax Arbitrage, the Choice
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.
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.
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,