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Working Paper
Technological unemployment
Journal Article
Income taxes as reciprocal tariffs
This article shows the equivalence between tariffs on international trade and income taxation. Traditionally, income taxes have been seen as lowering society's output through the household's labor-leisure trade-off. Income taxes also reduce the degree to which individuals specialize in market activity, which is similar to the way countries respond to tariffs in international trade. Income taxes discourage individuals from specializing in activities that reflect their comparative advantage. In so doing, income taxes may have their most distorting effects, not by encouraging individuals to ...
Journal Article
Miracle to malaise: what's next for Japan?
Journal Article
A new alternative trade-weighted dollar exchange rate index
Journal Article
The upside of downsizing
Report
The fruits of free trade
Journal Article
How big is the deficit, really?
Working Paper
Income taxes as reciprocal tariffs
Journal Article
Women at work: a progress report
Throughout history, much of women?s work has taken place in the home rather than in the marketplace. Recent generations of women, however, have been more likely to work in the formal economy, particularly in the United States and other developed countries.