Wolff, Edward N. - In: Journal of pension economics and finance : JPEF 21 (2022) 4, pp. 537-564
I compare pre-tax and post-tax wealth levels and trends after netting out implicit taxes on tax-deferred assets and accrued capital gains. The analysis covers 1983–2016 for net worth (NW) and augmented wealth (AW), which includes pension and Social Security wealth. Netting out implicit taxes...