"Entrepreneurship is a key determinant of investment, saving, and wealth inequality. We study the aggregate and distributional effects of several tax reforms in a model that recognizes this key role and that matches the large wealth inequality observed in the U.S. data. The aggregate effects of...

In a meteoritic rise from the dark days of World War II and Soviet hegemony, Warsaw has experienced an economic renaissance in recent years, boasting one of the largest stock exchanges in Europe and one of the fastest growing economies on the continent. However, the city and its surrounding...