Financial markets provide imperfect insurance of labor income risk. However, workers can partly insure against labor market risk by commuting to adjacent regions. Since commuters own wage claims to output produced in adjacent regions, the business cycle in the neighborhood becomes a relevant...

There is increasing agreement in Canada that we need carbon pricing policies. Indeed, Quebec and British Columbia have forged ahead with carbon taxes, and the Liberal opposition has included a carbon tax in its most recent platform. One is tempted to simply point to the respective federal and...

Cap-and-trade programs for greenhouse gases (GHGs) present central political questions with significant economic and environmental ramifications. This paper addresses a critical structural issue: To what extent should states retain the capacity to develop stricter parameters within a federal...

Tensions between the United States government and state governments increased during the Bush Administration, 2001-2008. Blame was typically placed on the Administration's conservative policy preferences. This article analyzes how the issue of stem cell research was managed during those years in...

L'elemento caratterizzante la riforma federalista è il passaggio dal finanziamento basato sulla spesa storica al finanziamento impostato sul costo standard. Il disegno di legge “Delega al Governo in materia di federalismo fiscale, in attuazione dell'articolo 119 della Costituzione”...

This paper evaluates the effect of U.S. state corporate income taxes on union wages. American workers who belong to unions are paid more than their non-union counterparts, and this difference is greater in low-tax locations, reflecting that unions and employers share tax savings associated with...