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save dynastically and middle income households who save for retirement. We find that inequality is reduced the higher the … efficiency and inequality: middle income households’ consumption is maximal at a higher capital tax rate than high income …
Persistent link: https://www.econbiz.de/10010352436
save dynastically and middle income households who save for retirement. We find that inequality is reduced the higher the … efficiency and inequality: middle income households’ consumption is maximal at a higher capital tax rate than high income …
Persistent link: https://www.econbiz.de/10010754656
save dynastically and middle income households who save for retirement. We find that inequality is reduced the higher the … efficiency and inequality: middle income households' consumption is maximal at a higher capital tax rate than high income …
Persistent link: https://www.econbiz.de/10013055386
Persistent link: https://www.econbiz.de/10013534324
into account stylized facts on wealth accumulation, we model agent heterogeneity through differences in saving behavior … occur. We show that a consumption tax or a capital tax, levied to finance public capital, does not increase inequality. In … our model capital tax-financed public investment has even an inequality-reducing effect - thus allowing for Pareto …
Persistent link: https://www.econbiz.de/10010412378
into account stylized facts on wealth accumulation, we model agent heterogeneity through differences in saving behavior … occur. We show that a consumption tax or a capital tax, levied to finance public capital, does not increase inequality. In … our model capital tax-financed public investment has even an inequality-reducing effect -- thus allowing for Pareto …
Persistent link: https://www.econbiz.de/10013046059
an in-depth analysis of micro-based data on household wealth across OECD countries. The analysis addresses several … residential mobility? iv) Is there a link between homeownership and wealth inequality? Between inequality in housing wealth and in …This paper produces new evidence and stylised facts on housing, wealth accumulation and wealth distribution, relying on …
Persistent link: https://www.econbiz.de/10012202943
This study presents a new database, the Swedish National Wealth Database (SNWD), which contains annual data on private …, public and national wealth and sectoral saving rates in Sweden over the past two centuries. The paper reviews previous … investigations of national wealth, compares their estimates with the new ones and discusses method approaches and measurement …
Persistent link: https://www.econbiz.de/10011300727
This study presents a new database, the Swedish National Wealth Database (SNWD), which contains annual data on private …, public and national wealth and sectoral saving rates in Sweden over the past two centuries. The paper reviews previous … investigations of national wealth, compares their estimates with the new ones and discusses method approaches and measurement …
Persistent link: https://www.econbiz.de/10011346682
English couple households born in the 1940s. Here, 'optimal' wealth holdings are those that allow households to enjoy the same … calculate this level of wealth, and compare that with how much wealth households are observed to hold. We find that the majority … of households hold more wealth than our model suggests is optimal and that this would still be true even if housing …
Persistent link: https://www.econbiz.de/10010402537