Arbeitspapier
Taxing mobile and overconfident top earners
We set up a simple model of tax competition for mobile, highly-skilled and overconfident managers. Firms endogenously choose the compensation scheme for managers, which consists of a fixed wage and a bonus payment in the high state. Managers are overconfident about the probability of the high state and hence of receiving the bonus, whereas firms and governments are not. When governments maximize tax revenues, we show that overconfidence unambiguously reduces the bonus tax rate that governments set in the non-cooperative tax equilibrium, while increasing tax revenues. When the government objective incorporates the welfare of resident managers, however, bonus taxes also serve a corrective role and may rise in equilibrium when overconfidence is increased.
- Sprache
-
Englisch
- Erschienen in
-
Series: Discussion Paper ; No. 318
- Klassifikation
-
Wirtschaft
Taxation, Subsidies, and Revenue: General
International Fiscal Issues; International Public Goods
Financial Institutions and Services: Government Policy and Regulation
- Thema
-
Overconfidence
bonus taxes
tax competition
migration
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Haufler, Andreas
Nishimura, Yukihiro
- Ereignis
-
Veröffentlichung
- (wer)
-
Ludwig-Maximilians-Universität München und Humboldt-Universität zu Berlin, Collaborative Research Center Transregio 190 - Rationality and Competition
- (wo)
-
München und Berlin
- (wann)
-
2022
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:44 MEZ
Datenpartner
Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Haufler, Andreas
- Nishimura, Yukihiro
- Ludwig-Maximilians-Universität München und Humboldt-Universität zu Berlin, Collaborative Research Center Transregio 190 - Rationality and Competition
Entstanden
- 2022
Ähnliche Objekte (12)
Taxing Mobile and Overconfident Top Earners
Asymmetric commodity tax competition: Are tax rates always too low?
Welche Vorteile bringt eine Pauschalprämie für die Finanzierung des Gesundheitswesens? Einige einfache Äquivalenzresultate
Tax coordination in a cross-hauling model: Conflict or harmony of interest?
Unilateral tax reform under the restricted origin principle
Regulatory and Bailout Decisions in a Banking Union
General consumption taxes and international trade: A duality approach
Die Besteuerung multinationaler Unternehmen
Optimal factor and commodity taxation in a small open economy
Die Abschaffung der Steuergrenzen im gemeinsamen Markt: EG-Vorschläge 1989 und alternative Lösungen
Public goods, international trade, and tax competition
Regulatory and bailout decisions in a banking union
Taxing Mobile and Overconfident Top Earners
Asymmetric commodity tax competition: Are tax rates always too low?
Welche Vorteile bringt eine Pauschalprämie für die Finanzierung des Gesundheitswesens? Einige einfache Äquivalenzresultate
Tax coordination in a cross-hauling model: Conflict or harmony of interest?
Unilateral tax reform under the restricted origin principle
Regulatory and Bailout Decisions in a Banking Union
General consumption taxes and international trade: A duality approach
Die Besteuerung multinationaler Unternehmen
Optimal factor and commodity taxation in a small open economy
Die Abschaffung der Steuergrenzen im gemeinsamen Markt: EG-Vorschläge 1989 und alternative Lösungen
Public goods, international trade, and tax competition
Regulatory and bailout decisions in a banking union
Taxing Mobile and Overconfident Top Earners
Asymmetric commodity tax competition: Are tax rates always too low?
Welche Vorteile bringt eine Pauschalprämie für die Finanzierung des Gesundheitswesens? Einige einfache Äquivalenzresultate
Tax coordination in a cross-hauling model: Conflict or harmony of interest?
Unilateral tax reform under the restricted origin principle
Regulatory and Bailout Decisions in a Banking Union
General consumption taxes and international trade: A duality approach
Die Besteuerung multinationaler Unternehmen
Optimal factor and commodity taxation in a small open economy
Die Abschaffung der Steuergrenzen im gemeinsamen Markt: EG-Vorschläge 1989 und alternative Lösungen
Public goods, international trade, and tax competition