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Account Tax Compliance Act (FATCA), to produce new evidence on the foreign financial wealth of U.S. households. We find that U …
Persistent link: https://www.econbiz.de/10014247977
how fluctuations in individual crypto wealth affect household consumption, equity investment, and local real estate … wealth causes house price appreciation--counties with higher crypto wealth see higher growth in home values following high …
Persistent link: https://www.econbiz.de/10014322832
household wealth in the US since the early 1800s. The US experienced extraordinary wealth accumulation after the Civil war and …We study the history and geography of wealth accumulation in the US, using newly collected historical property tax …, and financial), making it one of the first "wealth taxes." Drawing on many historical records, we construct long …
Persistent link: https://www.econbiz.de/10014247998
well as on their wealth, health, and life satisfaction. Event study analysis suggests that boomerang children return home … there any evidence that they affect parents' wealth, health, or life satisfaction …
Persistent link: https://www.econbiz.de/10013537757
marriage by socioeconomic status and inform theories of household formation and the family …
Persistent link: https://www.econbiz.de/10013477235
intergenerational wealth effects. Using panel data from school zones within a large U.S. school district, we find that higher local … quantify this housing wealth channel using an overlapping generations model with neighborhood choice, spatial equilibrium, and … endogenous school quality. Housing market shocks in the model generate large intra- and intergenerational wealth effects, with …
Persistent link: https://www.econbiz.de/10014322733
-pension wealth holdings, (ii) defined contribution (DC) pension holdings, (iii) actual or expected defined benefit (DB) pension …
Persistent link: https://www.econbiz.de/10014337766
transmission of parental housing wealth changes in childhood are driven in large part by changes to unobserved household …Rising wealth inequality has spurred an increased interest in understanding how and why wealth is correlated across … generations. We exploit plausibly exogenous variation in housing wealth driven by home price changes in different areas to isolate …
Persistent link: https://www.econbiz.de/10014372426
Recent estimates of US top wealth shares obtained by capitalizing income tax returns (Saez and Zucman, 2020; Smith … Exchange Commission data at the shareholder firm level show that billionaires' equity wealth is underestimated by a factor of 2 … undervalued by a factor of 1.2 and top-owned partnerships by up to 2.2. After incorporating these results, the top 0.01% wealth …
Persistent link: https://www.econbiz.de/10013362050
In the United States, there are 741 billionaires with a combined net worth of $5.2 trillion. These billionaires live highly public lives, with some achieving superstar status. Despite growing inequality, billionaires face effective tax rates lower than the average American. Is this due to a lack...
Persistent link: https://www.econbiz.de/10014635675