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

This paper investigates how parametric reform in a pay-as-you-go pension system with a tax benefit link affects … prime-age workers in the presence of a tax benefit link, thereby creating a policy trade-off in stimulating aggregate labor … how it depends on the behavioral supply elasticities on the extensive and intensive margins and the effective tax rates …