This paper documents a positive relationship between mineral resources abundance and individualistic values in the United States. We refer to "individualism" as the set of values opposed to public intervention in income allocation and favorable to individual selfresponsibility. We show that...

The austerity plans implemented in Greece in 2010 have yielded lower than expected increases in tax receipts. We argue that this has been the result of the arbitrage that firms face when choosing to declare their activity. A tax hike has a direct effect on the degree of tax evasion, and an...