Tax Responsiveness of the Rich: Revisiting Evidence from Executive Compensation
Abstract/Contents
- Abstract
This paper measures the responsiveness of taxable income to changes in the marginal tax rate using panel data on executive compensation since 1992. It exploits variation
from four tax acts: the Omnibus Budget Reconciliation Act of 1993, the Economic
Growth and Tax Relief Reconciliation Act of 2001, the Jobs and Growth Reconciliation Act of 2003, and the American Taxpayer Relief Act of 2012. Stock options have increased significantly as a share of compensation since 1992. I revisit results on the
responsiveness of executives given this trend towards the use of options, and find a
small short-run elasticity for executives, a larger short-run elasticity for CEOs specifically, and no long-run elasticity for either group.
Description
Type of resource | text |
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Date created | May 2017 |
Creators/Contributors
Author | Scholz, Elizabeth | |
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Primary advisor | Shoven, John | |
Degree granting institution | Stanford University, Department of Economics |
Subjects
Subject | executive compensation |
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Subject | elasticity of taxable income |
Subject | tax policy |
Subject | Stanford Department of Economics |
Genre | Thesis |
Bibliographic information
Related item | |
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Location | https://purl.stanford.edu/wd181qr0496 |
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- Use and reproduction
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Preferred citation
- Preferred Citation
- Scholz, Elizabeth. (2017). Tax Responsiveness of the Rich: Revisiting Evidence from Executive Compensation. Stanford Digital Repository. Available at: https://purl.stanford.edu/wd181qr0496
Collection
Stanford University, Department of Economics, Honors Theses
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