We compare wealth taxes and capital gains taxes in a random growth model with idiosyncratic investment risk. At equal … tax revenue, wealth taxes generate higher wealth inequality but also higher wealth mobility than capital gains taxes. The … mechanism operates through variance: wealth taxes shift the mean of post-tax wealth growth without affecting variance, while …

We study intragenerational wealth rank mobility, investigating three dimensions: (i) wealth mobility over the life … cycle, (ii) heterogeneity in mobility among subgroups and wealth components, and (iii) commonalities and differences across … changes, and rank mobility curves. We find substantial mobility in wealth, which is often of short range. Mobility increases …

This paper introduces a framework for estimating long-run series of measures of overall inequality and top wealth … shares when data consist of a combination of historical tabulations and modern administrative registers of taxable wealth …. The proposed framework is applicable when historical wealth tabulations as a minimum provide information on bracket …

This paper investigates preferences for wealth redistribution through a conjoint experiment. Specifically, we explore … how support for wealth redistribution depends on the social background of the taxpayer and whether their wealth is … statistics. Attributing wealth to luck rather than effort also increases support for taxation, though this effect is less …

What happens across generations to random wealth shocks? Do they endure and even magnify, or do they dissipate? By … implication, how much of modern wealth is attributable to events before 1900? This paper uses random shocks to family size in … England before 1880, that created wealth shocks for the children, to measure the persistence of random wealth shocks …

Wealth is increasingly unequally distributed in many countries. This study examines public perceptions of wealth … deservingness and preferences for taxing the wealth of the rich, focusing on how opinions vary based on the amount, use, and origin … of wealth. Drawing on an original vignette experiment conducted in Germany (n=6,018), our results show a consistent …