Yet because few countries levy wealth taxes, relatively little is known about the actual responses of wealthy individuals when governments tax their assets – especially in countries outside Europe. The research summarized here provides new evidence for Colombia, a middle-income country with one of the most ambitious and long-standing wealth tax regimes in the world. […]

Microeconomic Insights

04.09.2025

Welfare Effects of Subsidizing Seasonal Migration | Microeconomic Insights

By the year 2050, around 2.5 billion more people will be living in urban areas than there are now (United Nations, 2018). Around 90% of these new city dwellers will be in Africa and South Asia, expanding already populous cities like Dar es Salaam and Dhaka. Policymakers in developing nations therefore often discuss whether to […]

Microeconomic Insights

04.09.2025

A better way to pay for college? | Microeconomic Insights

Economists have long advocated for alternative financial contracts to mitigate the risks of investing in education (Barr et al. 2017; Chapman 2006; Palacios 2004; Zingales 2012). Most famously, Friedman (1955) writes: “[Human capital] investment necessarily involves much risk. The device adopted to meet the corresponding problem for other risky investments is equity investment… The counterpart […]

Microeconomic Insights

18.09.2025

Bidding for Firms: Subsidy Competition in the United States | Microeconomic Insights

State and local governments regularly offer large discretionary subsidies to attract firms, and the accompanying jobs, to their jurisdictions. In fact, this deployment of subsidies is estimated to be one of the largest economic development tools used in the United States (Bartik 2017). The incentives can be staggering—for example, in 2006 Honda received a package […]

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Taxing wealth: Some lessons from Colombia | Microeconomic Insights

Welfare Effects of Subsidizing Seasonal Migration | Microeconomic Insights

A better way to pay for college? | Microeconomic Insights

Bidding for Firms: Subsidy Competition in the United States | Microeconomic Insights

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