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Dharmapala, Dhammika; Desai, Mihir A. - National Bureau of Economic Research (NBER) - 2005

How do investors value managerial actions designed solely to minimize corporate tax obligations? Using a framework in which managers' tax sheltering decisions are related to their ability to divert value, this paper predicts that the effect of tax avoidance on firm value should vary...

Persistent link: https://www.econbiz.de/10005004682

The Theory of Public Enforcement of Law

Polinsky, A. Mitchell; Shavell, Steven - National Bureau of Economic Research (NBER) - 2005

This chapter of the forthcoming Handbook of Law and Economics surveys the theory of the public enforcement of law %u … extensions of the central theory, including: activity level; errors; the costs of imposing fines; general enforcement; marginal …

Persistent link: https://www.econbiz.de/10005014923

Understanding Tax Evasion Dynamics

Engel, Eduardo M.R.A.; Hines, James R. Hines, Jr. - National Bureau of Economic Research (NBER) - 1999

Americans who are caught evading taxes in one year may be audited for prior years. While the IRS does not disclose its method of selecting tax returns to audit, it is widely believed that a taxpayer's probability of being audited is an increasing function of current evasion. Under these...

Persistent link: https://www.econbiz.de/10005777592

Interstate Cigarette Bootlegging: Extent, Revenue Losses, and Effects of Government Intervention

Thursby, Marie C.; Thursby, Jerry G. - National Bureau of Economic Research (NBER) - 1994

In this paper, we develop and estimate a model of commercial smuggling in which some, but not all, firms smuggle a portion of the cigarettes they sell. The model is used to examine the effects on interstate cigarette smuggling of the Contraband Cigarette Act and a change in the federal excise...

Persistent link: https://www.econbiz.de/10005718686

Cultures of Corruption: Evidence From Diplomatic Parking Tickets

Miguel, Edward Andrew; Fisman, Raymond - National Bureau of Economic Research (NBER) - 2006

Corruption is believed to be a major factor impeding economic development, but the importance of legal enforcement … essentially zero legal enforcement of diplomatic parking violations, allowing us to examine the role of cultural norms alone. This …, factors other than legal enforcement appear to be important determinants of corruption. …

Persistent link: https://www.econbiz.de/10005720647

Laws and Norms

Benabou, Roland; Tirole, Jean - National Bureau of Economic Research (NBER) - 2011

This paper analyzes how private decisions and public policies are shaped by personal and societal preferences ("values"), material or other explicit incentives ("laws") and social sanctions or rewards ("norms"). It first examines how honor, stigma and social norms arise from individuals'...

Persistent link: https://www.econbiz.de/10009359908

Lifecycle Effects of a Recession on Health Behaviors: Boom, Bust, and Recovery in Iceland

Ásgeirsdóttir, Tinna Laufey; Corman, Hope; Noonan, Kelly - National Bureau of Economic Research (NBER) - 2015

This study uses individual-level longitudinal data from Iceland, a country that experienced a severe economic crisis in 2008 and substantial recovery by 2012, to investigate the extent to which the effects of a recession on health behaviors are lingering or short-lived and to explore...

Persistent link: https://www.econbiz.de/10011264922

Extended Families and Child Well-being

Thomas, Duncan; LaFave, Daniel - National Bureau of Economic Research (NBER) - 2014

Whereas studies have established the intra-household distribution of resources affects allocation decisions, little is known about how these decisions are affected by the distribution of resources among co-resident and non co-resident extended family members. Drawing on theoretical models of...

Persistent link: https://www.econbiz.de/10011079875

Correlation, Consumption, Confusion, or Constraints: Why do Poor Children Perform so Poorly?

Caucutt, Elizabeth; Lochner, Lance; Park, Youngmin - National Bureau of Economic Research (NBER) - 2015

The economic and social mobility of a generation may be largely determined by the time it enters school given early developing and persistent gaps in child achievement by family income and the importance of adolescent skill levels for educational attainment and lifetime earnings. After providing...

Persistent link: https://www.econbiz.de/10011201895

Time is Money: Life Cycle Rational Inertia and Delegation of Investment Management

Mitchell, Olivia; Kim, Hugh Hoikwang; Maurer, Raimond - National Bureau of Economic Research (NBER) - 2013

This paper incorporates two empirically-grounded insights into a dynamic life cycle portfolio choice model: the fact that investors forego the opportunity to accumulate job-specific skills when they spend time managing their own money, and the observation that efficiency in financial decision...

Persistent link: https://www.econbiz.de/10011210995