We examine why some individuals survive as entrepreneurs and others do not. In addition,
we analyze the growth of entrepreneurial enterprises, conditional on surviving. Our focus is …

This paper analyzes the role of liquidity constraints in the formation of new entrepreneurial
enterprises. The basic empirical strategy is to determine whether an individual's wealth affects …

This paper examines tax-return-generated data on the labor force behavior of people before
and after they receive inheritances. The results are consistent with Andrew Carnegie's …

Using data from the Michigan Panel Study of Income Dynamics and from Federal Estate Tax
returns, this paper investigates the labor disincentive caused by inheritance. The results are …

This paper investigates the role of managerial preferences in shaping corporate income tax
evasion. Using noncompliance with the personal income tax as a measure of taste for …

A number of theories have been advanced to explain the size and timing of intergenerational
transfers. One factor only recently explored is the effects of taxes, and in particular the …

This paper examines the compliance pattern of small businesses, using pooled 1985 and
1988 Taxpayer Compliance Measurement Program (TCMP) data. Specifically, we focus on the …

This paper examines the relationship between taxes and spending during the early years of
the American Republic. Federal government expenditures and revenues are studied from …

This paper investigates the effects of bequest taxes and the income of children on the lifetime
charitable contributions of parents. Using matched income tax records for parents and …

An extensive body of the literature has examined the determinants of individual giving to charity.
Indeed, the role of the personal income tax continues to attract considerable attention. In …