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Inter Vivos Transfers of Ownership in Family Firms
Hines, James R, Jr - 2016
This paper examines the determinants of inter vivos (lifetime) transfers of ownership in German family firms between 2000 and 2013. Survey evidence indicates that owners of larger firms, and firms with strong current business conditions, transfer ownership at higher rates than others. When a...
Persistent link: https://www.econbiz.de/10012456374
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Overcoming Wealth Inequality by Capital Taxes that Finance Public Investment
Mattauch, Linus - 2018
to counteract this trend, but can increased public investment financed by higher capital taxes? We examine how such a …. Our main finding is that public investment financed through capital taxes always decreases wealth inequality when the … results are robust with respect to the different roles of public investment in production. We calibrate our model to OECD …
Persistent link: https://www.econbiz.de/10012480778
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Six Distributional Effects of Environmental Policy
Fullerton, Don - 2011
While prior literature has identified various effects of environmental policy, this note uses the example of a proposed carbon permit system to illustrate and discuss six different types of distributional effects: (1) higher prices of carbon-intensive products, (2) changes in relative returns to...
Persistent link: https://www.econbiz.de/10012461954
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Is Social Security Part of the Social Safety Net?
Brown, Jeffrey R. - 2009
Building on the existing literature that examines the extent of redistribution in the Social Security system as a whole, this paper focuses more specifically on how Social Security affects the poor. This question is important because a Social Security program that reduces overall inequality by...
Persistent link: https://www.econbiz.de/10012463579
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Property Tax Limitations and Mobility : The Lock-in Effect of California's Proposition 13
Wasi, Nada - 2005
Proposition 13, adopted by California voters in 1978, mandates a property tax rate of one percent, requires that properties be assessed at market value at the time of sale, and allows assessments to rise by no more than 2% per year until the next sale. In this paper, we examine how Prop 13 has...
Persistent link: https://www.econbiz.de/10012467577
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Local Revenue Hills : Evidence from Four U.S. Cities
Haughwout, Andrew F. - 2003
We provide estimates of the impact and long-run elasticities of tax base with respect to tax rates for four large U.S. cities: Houston (property taxation), Minneapolis (property taxation), New York City (property, general sales, and income taxation), and Philadelphia (property, gross receipts,...
Persistent link: https://www.econbiz.de/10012469012
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Taxing Wealth : Evidence from Switzerland
Brülhart, Marius - 2016
We study the effects of wealth taxation on reported wealth. Our analysis is based on data for Switzerland, which has the highest rate of annual wealth taxation in the developed world. While the wealth tax base is defined at the federal level, tax rates vary considerably across locations and over...
Persistent link: https://www.econbiz.de/10012456301
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The Property Tax as a Tax on Value : Deadweight Loss
Arnott, Richard - 2002
Consider an atomistic developer who decides when and at what density to develop his land, under a property tax system characterized by three time-invariant tax rates: the tax rate on pre-development land value, the tax rate on post-development residual site value, and the tax rate on structure....
Persistent link: https://www.econbiz.de/10012469801
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Distortion Costs of Taxing Wealth Accumulation : Income Versus Estate Taxes
Holtz-Eakin, Douglas - 2001
Recently, attention has focused on the estate tax. To date, however, the debate over estate taxes has been nearly devoid of standard considerations of deadweight loss. We develop a framework for computing the deadweight loss of a revenue-neutral switch from an estate tax to a capital income tax,...
Persistent link: https://www.econbiz.de/10012470463
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The Incentive Effects of Property Taxes on Local Governments
Glaeser, Edward L. - 1995
This paper applies the ideas of Brennan and Buchanan (1977, 1978, 1980) to local property taxes. When local governments maximize their revenues, property taxes provide incentives for adequate amenity provision. Local amenity provision determines property values which then determine local tax...
Persistent link: https://www.econbiz.de/10012473911