implications for employment and income of welfare schemes often advocated as less distortionary. We show that reducing unemployment … benefits in favour of income subsidies (social benefits) reduces employment in general equilibrium and also the income of low …

A recent Spanish tax reform granted regions the authority to set income tax rates, resulting in substantial tax …, taxes have a significant effect on location choice. A one percent increase in the net of tax rate for a region relative to …

technological uncertainty favors taxes over cap and trade. Weitzman models a flow pollutant, but greenhouse gases are persistent …

(corporate and personal income taxes), corporate transparency, access to external capital and limited liability. We estimate …This paper provides a theory and firm-level evidence on the incorporation decision of entrepreneurs in a model of taxes … personal income tax rates favor incorporation while higher corporate tax rates reduce the probability to incorporate. These …

labour can be compensated by higher present consumption or future income, but a total ban may not. We also show that, in the …