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income and substitutes it by a presumptive capital income tax, which is in fact a net wealth tax. This paper contrasts this … wealth tax with a conventional realization-based capital gains tax, a retrospective capital gains tax which attempts to … returns on hard-to-value real estate and small businesses, and (c) a broad presumptive capital income tax, i.e., a net wealth …
Persistent link: https://www.econbiz.de/10005766199
here to be positively related with family size. The relationship between material inequality and heath is the subject of … considerable debate, and there was an inverse relationship between material inequality and stature. The paper also supports a bio …
Persistent link: https://www.econbiz.de/10008572560
Little research exists on the historical relationship between BMI variation, wealth, and inequality. This study finds … BMIs and average state-level wealth, and an inverse relationship between BMI and wealth inequality. After controlling for … wealth and inequality, rural agricultural farmers had greater BMI values than their urban counterparts in other occupations. …
Persistent link: https://www.econbiz.de/10008833904
In our dynamic optimizing sticky price model, agents are heterogeneous with regard to their age and their productivity. We find that the business cycle dynamics in the OLG model in response to both a technology shock and a monetary shock are similar, but not completely identical to those found...
Persistent link: https://www.econbiz.de/10005094475
In this paper, we revisit the association between happiness and inequality. We argue that the interaction between the …, income inequality is perceived more negatively with increased perceived fairness, due to the need for unexpected policy …
Persistent link: https://www.econbiz.de/10008671705
This study investigates spatial segregation of the population in fiscally decentralized urban areas. The theoretical part proposes the progressivity of local income taxes as a new explanation for income segregation. The empirical part studies how income tax differentials across municipalities in...
Persistent link: https://www.econbiz.de/10005766045
We study the empirical relationship between labor taxation and pretax wages in Italy. We find that higher tax progressivity increases pretax wages. To explain this result, we introduce in an informal way a relative wage effect and argue that the combination of this effect with the labor supply...
Persistent link: https://www.econbiz.de/10005051515
We model a two sector economy with unionized labor markets and competitive product markets, where workers and unions care about their relative wages, and show that the presence of a relative wage concern could help generation a positive relationship between tax progressivity and wage pressure.
Persistent link: https://www.econbiz.de/10005051543
We study the tension between fiscal decentralization and progressive taxation. We present a multi-community model in which households differ in incomes and housing preferences and in which the local income tax rate is a function of an exogenous progressive tax schedule and an endogenous local...
Persistent link: https://www.econbiz.de/10005181280
We analyze the impact of progressive taxation on irreversible investment under uncertainty. We show that if tax exemption is lower than sunk cost, higher tax rate will decelerate optimal investment by increasing the optimal investment threshold, while if tax exemption exceeds sunk cost, three...
Persistent link: https://www.econbiz.de/10005181410