Many scholars have worried that regulation deters entrepreneurship because larger firms can overcome the costs of complying with regulations more easily than smaller firms. Using novel data on the extent of US federal regulations by industry at the four-digit NAICS (North American Industry...

A growing body of literature analyzing the distributive consequences of regulation suggests that regulation may have particularly detrimental effects on lower income households. Regulation can be regressive if it represents the preferences of the wealthy while imposing costs on all households....