A model of labor supply is formulated in which increased effort results in an increase in the probability of promotion. A simple benchmark model is extended in two directions. The first emphasizes the link between labor supply and saving decisions. The other takes account of the interaction...

In this survey of some central issues of tax and expenditure policy in an open economy, the authors consider the implications for policy of free--although not necessarily perfect--international mobility of commodities, capital, and labor. They examine the issues both from a positive and a...