This paper studies optimal capital and labor income taxes when the benefits of public goods are age-dependent. Provided the government can impose a consumption tax, it can attain the first-best resource allocation. This involves the uniform taxation of the cohorts' labor income and a zero...

In this paper we argue that government's allocation of resources among competing age groups has significant bearing on labor and capital supply and optimal tax policies. Empirics reveal that allocation of public expenditure is highly favorable to the old cohorts in developed countries. However,...

Using novel, daily data we examine the impact of political violence on firm-level export activity. Our data cover the universe of political strikes and daily, export transactions in Bangladesh during 2010 to 2013 and allow us to examine the effects of these strikes at a highly granular level. We...

We study the incidence and extent of bribes paid to the doctors in the public health facilities which are cleverly identified using a nationally representative survey. The survey asks households about the fees paid to public doctors, not about the bribe, which makes it less prone to reporting...

Whether, and to what extent, behavioral anomalies uncovered in the lab manifest themselves in the field remains of first order importance in finance and economics. We begin by examining behavior of retail traders/investors making investment decisions in constructed laboratory markets. Our...

The COVID-19 pandemic is expected to fundamentally change global value chains (GVC) with increased emphasis on re-shoring and lowering geographic fragmentation. This conclusion is based on the premise that current value chains lack resilience and expose firms to significant risk. In this paper,...