| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w10421 |
| 来源ID | Working Paper 10421 |
| Employee Stock Purchase Plans | |
| Gary V. Engelhardt; Brigitte C. Madrian | |
| 发表日期 | 2004-04-12 |
| 出版年 | 2004 |
| 语种 | 英语 |
| 摘要 | Employee stock purchase plans (ESPPs) are designed to promote employee stock ownership broadly within the firm and provide another tax-deferred vehicle for individual capital accumulation in addition to traditional pensions, 401(k)s, and stock options. We outline the individual and corporate tax treatment of ESPPs and the circumstances under which ESPPs will be preferred to cash compensation from a purely tax perspective. We then examine empirically ESPP participation using administrative data from 1997-2001 for a large health services company that employs approximately 30,000 people. The picture that emerges from the analysis of these data suggests that there is substantial non-participation in these plans even though all employees could increase gross compensation through participation. We discuss a number of potential explanations for non-participation. |
| 主题 | Public Economics ; Taxation ; Labor Economics ; Labor Compensation |
| URL | https://www.nber.org/papers/w10421 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/568050 |
| 推荐引用方式 GB/T 7714 | Gary V. Engelhardt,Brigitte C. Madrian. Employee Stock Purchase Plans. 2004. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w10421.pdf（319KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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