Catalytic performances of supported Pd catalysts for the dehydrogenation of ethanol were greatly modified upon the formation of Pd alloy phases. Over Pd-Zn, Pd-Ga and Pd-In alloys, acetaldehyde was selectively produced at lower conversion levels. With the increased conversion level, ethyl acetate was produced at the expense of acetaldehyde. The selectivities for the ethyl acetate formation exceeded that over a Cu/ZnO catalyst. Over metallic Pd, the decomposition of ethanol, C2H5OH --> CO + CH4 + H-2, occurred to a considerable extent. It was shown that the reactivity of acetaldehyde species over the Pd alloys was markedly different from that over metallic Pd. Over the Pd alloys, acetaldehyde species were stabilized and transformed into ethyl acetate by the nucleophilic addition of ethanol. By contrast, over metallic Pd, aldehyde species were rapidly decarbonylated to methane and carbon monoxide.