Showing 1 - 10 of 2,232
Rising income inequality since the 1980s in the United States has generated a substantial increase in saving by the top of the income distribution, which we call the saving glut of the rich. The saving glut of the rich has been as large as the global saving glut, and it has not been associated...
Persistent link: https://www.econbiz.de/10012837475
insights into the role of country-specific shocks in shaping long-run wealth dynamics. This paper presents the first … comprehensive study of wealth and its distribution in Germany since the 19th century. We combine tax and archival data, household … surveys, historical national accounts, and rich lists to analyze the evolution of the German wealth distribution over the long …
Persistent link: https://www.econbiz.de/10013289690
Does parental wealth inequality impact next generation labor income inequality? And does a tax on parental wealth … intergenerational data from Norway, focusing on effects on wages rather than capital income. Results suggest that a net wealth of NOK 1 …. The estimated hypothetical wage distribution without the wealth tax is more unequal. Moreover, suggestive evidence …
Persistent link: https://www.econbiz.de/10013219075
We show how normative standpoints determine optimal taxation of wealth. Since wealth is not equal to capital, we find …
Persistent link: https://www.econbiz.de/10012841621
distributions of health and wealth, leading to differences in the ability to mitigate future income shocks. We study consumption … health and wealth are jointly determined under income and health risk that are related to disease outbreak risk. We calibrate … in wealth and health, implying persistent increases in wealth inequality that are characterised by increases in wealth …
Persistent link: https://www.econbiz.de/10013310772
We study a small open economy displaying Pareto-distributed wealth resulting from random death. The government runs a … with ordinary differential equations for the mean of age and of individual and government wealth. We also study … distributional dynamics analytically. Starting from any distribution of age and wealth, the aggregate distribution converges, both on …
Persistent link: https://www.econbiz.de/10013228863
The vast literature on earnings inequality has so far largely ignored the role played by hours of work. This paper argues that in order to understand earnings dispersion we need to consider not only the dispersion of hourly wages but also inequality in hours worked as well as the correlation...
Persistent link: https://www.econbiz.de/10014240481
this return inequality? I study capital taxation in an economy in which return rates endogenously correlate with wealth … lower marginal tax rates. The endogeneity of returns generates an inequality multiplier effect between wealth and its …
Persistent link: https://www.econbiz.de/10013233147
increase wealth inequality between the groups and within the group of the non-university educated households. We further find …
Persistent link: https://www.econbiz.de/10012871023
We study how attitudes to inheritance taxation are influenced by information about the role of inherited wealth in … aggregate importance of inherited wealth and its link to inequality of opportunity significantly increases the support for …. Changes in the perceived economic importance of inherited wealth and altered views on whether luck matters most for economic …
Persistent link: https://www.econbiz.de/10012892104