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 …

do so depends on their availability of funding. Conversely, traders' funding, i.e., their capital and the margins they …

suggests that although bank lending to firms declines during the crisis, bond financing actually increases to make up much of …

growth rate of the capital stock in the presence of a defined-benefit Social Security system. If the Social Security Trust … Fund increases the share of its portfolio held in risky capital, the equilibrium equity premium falls in the following … growth rate of capital in the following period, and, if a certain sufficient condition is satisfied, will increase the growth …

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