obtain 8% and 1%. Dynamic scoring for the EU-14 shows that 54% of a labor tax cut and 79% of a capital tax cut are self-financing …We compare Laffer curves for labor and capital taxation for the US, the EU-14 and individual European countries, using … US can increase tax revenues by 30% by raising labor taxes and by 6% by raising capital income taxes. For the EU-14 we …

European nations substitute between employment protection regulations and labor market expenditures (e.g., unemployment … adjustments than other labor insurance mechanisms. Venture capital and private equity investors are especially sensitive to these … labor adjustment costs. Nations favoring labor expenditures as the mechanism for providing worker insurance developed …

segmentation is partly overcome by global arbitrageurs with limited capital. Our model accounts for the empirically documented …

period 1977-83. It is argued that as a consequence of the liberalization of the capital account in Chile in 1979-81, dramatic … inflows of financial capital resulted. These capital inflows generated an important increase in expenditure, and a lower … capital account, and not the adoption of a preannounced rate of devaluation, that generated the dramatic real appreciation 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 …