Does Tax Policy Affect Executive Compensation? Evidence from Postwar Tax Reforms
---- Acknowledgements ----
We would like to thank the staff at the Historical Collections and Danielle Barney of Baker Library for making the data collection possible. We thank Eric Engen, Adam Looney, Robert Margo, Thomas Piketty, and Emmanuel Saez for helpful comments, and John Graham for providing his estimates of corporate income tax rates. Yoon Chang, LiJia Gong, Yao Huang, Michele McAteer, Timothy Schwuchow, James Sigel, and Athanasios Vorvis provided excellent research assistance. The views in this paper do not necessarily reflect those of the Board of Governors of the Federal Reserve System, its staff, or the National Bureau of Economic Research.