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Flat Tax Reforms in the US: A Boon for the Income Poor
Díaz-Giménez, Javier; Pijoan-Mas, Josep - C.E.P.R. Discussion Papers - 2006
In this article we quantify the aggregate, distributional and welfare consequences of two revenue neutral flat-tax reforms using a model economy that replicates the U.S. distributions of earnings, income and wealth in very much detail. We find that the less progressive reform brings about a 2.4%...
Persistent link: https://www.econbiz.de/10005662104
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Inequality of Earnings
Snower, Dennis J. - C.E.P.R. Discussion Papers - 1999
This paper surveys major empirical regularities concerning changes in earnings inequality in Europe and the US over the …
Persistent link: https://www.econbiz.de/10005792213
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Productivity, Wages and Prices Inside and Outside of Manufacturing in the US, Japan and Europe
Gordon, Robert J - C.E.P.R. Discussion Papers - 1986
. Results are presented for the United States, Japan, and an aggregate called "Europe" consisting of eleven European economies …. The primary theme of the paper is that the differences between Europe and the United States have been substantially … exaggerated in recent work. Europe has neither greater nominal wage flexibility nor more rigid real wages than the United States …
Persistent link: https://www.econbiz.de/10005789135
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Second-Best Carbon Taxation in the Global Economy: The Green Paradox and Carbon Leakage Revisited
van der Ploeg, Frederick - C.E.P.R. Discussion Papers - 2015
Unilateral second-best carbon taxes are analysed in a two-period, two-country model with international trade in final goods, oil and bonds. Acceleration of global warming resulting from a future carbon tax is large if the price elasticities of oil demand are large and that of oil supply is...
Persistent link: https://www.econbiz.de/10011262885
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Effective Corporate Taxation, Tax Incidence and Tax Reforms: Evidence from OECD Countries
Barrios, Salvador; Nicodème, Gaëtan; Fuentes, Sanchez; … - C.E.P.R. Discussion Papers - 2014
The present study provides estimates of the Effective Marginal Tax Rates (EMTRs) for a sample of 17 OECD countries and 11 manufacturing sectors in a single framework encompassing capital, labour and energy taxes. Our cross-country/cross-sector approach allows us comparing the incentives provided...
Persistent link: https://www.econbiz.de/10011083944
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The Distribution of Harm in Price-Fixing Cases
Boone, Jan; Müller, Wieland - C.E.P.R. Discussion Papers - 2008
We consider a vertically related industry and analyze how the total harm due to a price increase upstream is distributed over downstream firms and final consumers. For this purpose, we develop a general model without making specific assumptions regarding demand, costs, or the mode of...
Persistent link: https://www.econbiz.de/10005666424
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Direct Evidence of Dividend Tax Clienteles
Dahlquist, Magnus; Robertsson, Göran; Rydqvist, Kristian - C.E.P.R. Discussion Papers - 2006
We study a large data set of stock portfolios held by individuals and organizations in the Swedish stock market. The dividend yields on these portfolios are systematically related to investors' relative tax preferences for dividends versus capital gains. Tax-neutral investors earn 40 basis...
Persistent link: https://www.econbiz.de/10005662033
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Inherited vs Self-Made Wealth: Theory & Evidence from a Rentier Society (Paris 1872-1937)
Piketty, Thomas; Postel-Vinay, Gilles; Rosenthal, Jean … - C.E.P.R. Discussion Papers - 2011
This paper divides the population into two groups: the "inheritors" or "rentiers" (whose wealth is smaller than the capitalized value of their inherited wealth, i.e. who consumed more than their labor income during their lifetime); and the "savers" or "self-made men" (whose wealth is larger than...
Persistent link: https://www.econbiz.de/10009643507
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On the Evolution of the US Consumer Wealth Distribution
Hintermaier, Thomas; Koeniger, Winfried - C.E.P.R. Discussion Papers - 2010
We use all available waves of the Survey of Consumer Finances to document the evolution of the wealth distribution in the US since the 1980s. We then rely on the shape of this distribution to estimate a life-cycle incomplete markets model. We find that considering a wide range of net-worth...
Persistent link: https://www.econbiz.de/10008468610
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Capital Markets, Information Aggregation and Inequality: Theory and Experimental Evidence
Grüner, Hans Peter - C.E.P.R. Discussion Papers - 2008
In most industrialized economies, financial wealth is distributed far more unequally than income. According to Wolff (2007) more than half of the American households possess almost no productive capital while realizing about 20 percent of national income. This mismatch poses a problem for the...
Persistent link: https://www.econbiz.de/10005124084