TY - GEN digital ID - 131495697 TI - The Response of Deferred Executive Compensation to Changes in Tax Rates AU - Gorry, Aspen AU - Hassett, Kevin A. AU - Hubbard, R. Glenn AU - Mathur, Aparna PY - 2015 PB - Cambridge, Mass. National Bureau of Economic Research DB - UniCat KW - Zonder onderwerpscode: economie UR - https://www.unicat.be/uniCat?func=search&query=sysid:131495697 AB - Given the increasing use of stock options in executive compensation, we examine how taxes influence the choice of compensation and document that income deferral is an important margin of adjustment in response to tax rate changes. To account for this option in the empirical analysis, we explore deferral by estimating how executives' choice of compensation between current and deferred income depends on changes in tax policy. Our empirical results suggest a significant impact of taxes on the composition of executive compensation. ER -