Hi #econtwitter, I’m excited to share a new working paper!

“Corporate Tax Breaks and Executive Compensation”

You can find the paper here:
ericohrn.sites.grinnell.edu/research.html

\begin{thread} I study how two US federal income tax breaks called bonus depreciation and the Domestic Production Activities Deduction (DPAD) affect executive compensation at large publicly traded US firms.

It's Friday afternoon. You could do work or you could read this quick thread about my paper with Nathan Seegert that, I am thrilled to say, is now forthcoming at the Journal of Public Economics. The paper is titled "The Impact of Investor-Level Taxation on Mergers and Acquisitions."

You can download the published version here for the next few days: authors.elsevier.com/a/1ZRKYAlw9f3ai

An ungated version is here: cs.grinnell.edu/~ohrneric/file…

In new research, Daniel G. Garrett, @jcsuarez, and I provide the first in-depth look at how “accelerated depreciation” incentives affect workers. nber.org/papers/w25546 The US is spending about $25 billion dollars per year allowing businesses to immediately deduct the cost of new investments from their tax bill. This provision, part of the TCJA, reduces the present value cost of new investments and was sold on the premise of helping workers.