Why are European and British companies not enjoying the dynamism that has recently emerged in China and India? Why are UK products being beaten on price? The core explanation advanced here concerns the burden of taxation carried by every firm and their employees. Many taxes are unseen but direct...

In the US labor market the average black worker is exposed to a lower employment rate and earns a lower wage compared to his white counterpart. Lang and Lehmann (2012) argue that these mean differences mask substantial heterogeneity along the distribution of workers' skill. In particular, they...