Implicit government obligations represent the lion's share of government liabilities in the
United States and many other countries. Yet these liabilities are rarely measured, let alone …

We introduce a distinction between additive risky benefits and additive risky costs, showing
that it is relevant in determining decision maker choices in the presence of changes in risk …

This volume presents five new studies on current topics in taxation and government
spending. Natasha Sarin, Lawrence Summers, Owen Zidar, and Eric Zwick study how …