Taxation is a central economic policy tool; in recent years, governments use tax policy to
stimulate local economic growth, regulate multinational firms, and mitigate climate change …

Economic theory predicts that personal tax rates affect individual risk-taking through risk-
sharing with the government via full loss offsets. I test this theory by examining the effect of …

We study tax loss asymmetry for S corporate owners. These owners use most losses
contemporaneously, reducing the tax asymmetry compared to C corporations. However …