The price indexation of Social Security benefit payments has emerged in recent years as a flashpoint of debate in the …

We propose a model consistent with two observations. First, the tax rates adopted by different countries are generally … their growth performance. In our model, the effects of taxation on growth are highly non-linear. Low or moderate tax rates … have a very small impact on long-run growth rates. But as tax rates rise, their negative impact on growth rises …

The paper studies the effects of tax policy on venture capital activity. Entrepreneurs pursue a single high risk … managerial advice. It considers dierential wage and capital income taxes, a comprehensive income tax, incomplete loss offset …

This paper explores the implications of tax rate uncertainty, identifying circumstances in which revenue-neutral tax … heterogeneous taxpayers, tax rate variability is shown to perform an efficiency-enhancing screening function, imposing heavier … expected tax burdens on less responsive taxpayers. And while efficient tax uncertainty enables governments to reduce average …

$2.56 billion more than the $4.79 billion they raise in tax revenues. These taxes are raised from wireless consumers and … taxes. Prospective taxes will impose an efficiency loss of $0.72-$1.14 per additional dollar of tax revenue raised …

use it to assess the consequences of changes in tax and transfer policies on equilibrium hours of work. We find that …

consumer. The empirical model accommodates both progressive and regressive tax schemes. Estimation of the model involves no … Maintenance Experiment. The empirical formulations proposed here are particularly well suited to deal with the kinds of tax …

The tax changes of the 1980s altered the incentives for housing consumption. Marginal tax rate reductions in both the … Economic Recovery Tax Act (1981) and the Tax Reform Act (1986) reduced the attraction of homeownership, particularly at high … income levels. The Tax Reform Act, by lowering depreciation allowances and implementing anti-tax shelter provisions, also …

This paper studies the effect of top tax rates on inventors' international mobility since 1977. We put special emphasis … top tax rate data. We construct a detailed set of proxies for inventors' counterfactual incomes in each possible …. Exploiting the differential impact of changes in the top tax rate on inventors of different qualities, we find that superstar top …