This paper examines the impact of thin capitalization rules that limit the tax deductibility of interest on the capital structure of the foreign affiliates of US multinationals. We construct a new data set on thin capitalization rules in 54 countries for the period 1982-2004. Using confidential...

The 1990s witnessed some important shifts in the underlying growth performances of the EU and US economies, with a significant gap opening up in terms of GDP, and more importantly, GDP per capita, growth rates. From a situation over the period 1980-1995 when EU and US living standards were...

This paper estimates the effects of family background, resources, and institutions on student performance in 17 Western European school systems. Family background has a strong effect in Europe, remarkably similar in size to the United States. France and Flemish Belgium achieve the most equitable...