in The Quarterly Journal of Economics
February 2012; p ublished online January 2012 .
Journal Article. Subjects: Wages, Compensation, and Labour Costs; Taxation, Subsidies, and Revenue. 13375 words.
This article analyzes the response of earnings to payroll tax rates using a cohort-based reform in Greece. Individuals who started working on or after 1993 face permanently a much higher...
in The Review of Financial Studies
March 2010; p ublished online November 2009 .
Journal Article. Subjects: Corporate Governance; Taxation, Subsidies, and Revenue; Wages, Compensation, and Labour Costs. 17781 words.
This article examines the capital structure implications of defined benefit corporate pension plans. The magnitude of the liabilities arising from these pension plans is substantial. We...
in The Review of Economic Studies
July 2016; p ublished online March 2016 .
Journal Article. Subjects: Microeconomics; General Equilibrium and Disequilibrium; Welfare Economics; Information, Knowledge, and Uncertainy; Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook; Taxation, Subsidies, and Revenue; Demand and Supply of Labour; Wages, Compensation, and Labour Costs. 17279 words.
We develop a framework for optimal taxation when agents can earn their income both in traditional activities, where private and social products coincide, and in rent-seeking activities,...
in Oxford Economic Papers
October 2013; p ublished online September 2012 .
Journal Article. Subjects: Wages, Compensation, and Labour Costs; Mobility, Unemployment, and Vacancies; Taxation, Subsidies, and Revenue. 10028 words.
We study the subsidization of extra jobs in a general equilibrium framework. While the previous literature focuses on symmetric marginal employment subsidies where firms are rewarded when...