Using data on U.S. state and federal taxes and transfers over a quarter century, we estimate a regression model that …-transfer income distribution. We identify exogenous income distribution changes and account for reverse causality using instruments …

growth of promising young firms. A model of liquidity-constrained entrepreneurs suggests that the easing of credit … constraints can induce more entry of firms with greater long-run growth potential than the easing of conventional entry barriers … would bring about. We explore this growth mechanism using a large-scale program to expand the supply of credit to small and …

, organizational reproduction has an explanatory power equal to half or more of the host city effect. Reproduction is strongest when a …

of ownership changes on coffee mills in Rwanda - an industry in which managing relationships with farmers and seasonal … workers is important and that has seen many ownership changes in recent years. We combine administrative data, a survey panel … of mills and an original survey of acquirers that allows us to construct acquirer-specific and target-specific control …

matched control groups. Additionally, profit margins decrease for both acquirers and targets in the medium run. Furthermore …

cost of Internet-based computing power and services. We find that cloud computing is associated with an increase in firm …

tax change increases 20% versus a no-change baseline. Due to novel foreign incentives, foreign capital of U.S … feedback from growth offsets only 2p.p. of the direct cost of 41% of pre-TCJA corporate revenue …