Replication data for: Optimal Taxation of Top Labor Incomes: A Tale of Three Elasticities
Principal Investigator(s): View help for Principal Investigator(s) Thomas Piketty; Emmanuel Saez; Stefanie Stantcheva
Version: View help for Version V1
| Name | File Type | Size | Last Modified |
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| 2011_281AEJPol_dataprograms | 10/13/2019 07:52:AM | ||
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text/plain | 14.6 KB | 10/13/2019 03:52:AM |
Project Citation:
Piketty, Thomas, Saez, Emmanuel, and Stantcheva, Stefanie. Replication data for: Optimal Taxation of Top Labor Incomes: A Tale of Three Elasticities. Nashville, TN: American Economic Association [publisher], 2014. Ann Arbor, MI: Inter-university Consortium for Political and Social Research [distributor], 2019-10-13. https://doi.org/10.3886/E114850V1
Project Description
Summary:
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This paper derives optimal top tax rate formulas in a model where
top earners respond to taxes through three channels: labor supply,
tax avoidance, and compensation bargaining. The optimal top tax
rate increases when there are zero-sum compensation-bargaining
effects. We present empirical evidence consistent with bargaining
effects. Top tax rate cuts are associated with top one percent pretax
income shares increases but not higher economic growth. US CEO
"pay for luck" is quantitatively more prevalent when top tax rates
are low. International CEO pay levels are negatively correlated with
top tax rates, even controlling for firms' characteristics and performance.
Scope of Project
JEL Classification:
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D31 Personal Income, Wealth, and Their Distributions
H21 Taxation and Subsidies: Efficiency; Optimal Taxation
H24 Personal Income and Other Nonbusiness Taxes and Subsidies; includes inheritance and gift taxes
H26 Tax Evasion and Avoidance
M12 Personnel Management; Executives; Executive Compensation
D31 Personal Income, Wealth, and Their Distributions
H21 Taxation and Subsidies: Efficiency; Optimal Taxation
H24 Personal Income and Other Nonbusiness Taxes and Subsidies; includes inheritance and gift taxes
H26 Tax Evasion and Avoidance
M12 Personnel Management; Executives; Executive Compensation
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