The present paper examines the reservation wages reported by a largesample of unemployed individuals in the United States in May 1976. The majorityof unemployedindividuals report reservation wages that are at least as highas the wage they were paid on their last job. Approximately one-fourth of...

This paper presents new estimates of the taxes paid on nonfinancial corporate capital, on the pretax rate of return to capital, and on the effective tax rate. The basic time series show that both the pretax rate of return and the effective tax rate have varied substantially in the past quarter...

Although states and localities collect a substantial amount of revenue from corporate profits taxes and property taxes on corporate capital, these taxes have been inadequately reflected in previous calculations of the effective corporate tax rate and the pretax rate of return to corporate...

The effects of the favorable tax treatment of nonprofit commercial activities are best understood in a framework that explicitly accounts for a number of interactions. these involve differential taxation of nonprofits and for-profits and of nonrprofits' "related" and "unrelated" activities; the...

Social impact bonds, a recent innovation in social finance, are designed to harness capital and knowledge from private nonprofit, for-profit, and public entities to address pressing social problems. Although there is great policy interest in understanding how social impact bonds can be used to...

When the government institutes a program thought to be useful for society as a whole, such as building a highway or controlling air pollution, those that benefit from such programs are usually quite different from those that bear its costs. Sometimes the government responds by postponing or...

Some analysts have argued that return-free filing systems, such as those used in other countries and in California, could substantially reduce the costs for many individual taxpayers with relatively simple returns at little or no net administrative cost to the government. There is substantial...

Explores the evidence on how tax-favored savings accounts affect national saving. Looked at in terms of the traditional life-cycle model of savings, such accounts would not be expected to increase national savings; because of the limitation on annual contributions, the tax incentive might well...

Considers a number of tax policy issues related to the proposed legislation for resolving the thrift industry problem. Discusses the role that tax policy plays in two fundamental aspects of the legislation: Resolution of the current problem and restoration of the reserves of the thrift industry...