This paper investigates the extent to which loss-offset constraints affect corporate tax incentives. Using data … sector had tax loss carryforwards. When weighted by their market value, however, these firms account for less than three … percent of this sector, suggesting that loss carryforwards are concentrated among small firms and affect relatively few large …

passive choice, and other 401(k) plan features. Depending on which theory and welfare perspective one adopts, virtually any …

Central to the welfare analysis of income transfer programs is the deadweight loss associated with possible reforms. To … government budget to study the deadweight loss of two unemployment insurance policies. Experimental and quasi …

relate our reallocation estimands to this theory. For each estimand we provide conditions for nonparametric identification …