inequality. We use our model to estimate effective estate taxation. We consider various tax instruments to reestablish fiscal … revenue shortfall were financed through increased income or consumption taxation, the immensely rich, and the old among those …We study the effects of abolishing estate taxation in a quantitative and realistic framework that includes the key …

Entrepreneurship is a key determinant of investment, saving, and wealth inequality. We study the aggregate and … distributional effects of several tax reforms in a model that recognizes this key role and that matches the large wealth inequality … estate tax would generate a modest increase in wealth inequality and slightly reduce aggregate output. Decreasing the …

initial wealth, and a sequence of redistributive tax rates is voted upon. Though the policy is infinite-dimensional, we prove …

We determine the optimal combination of taxes on money, consumption and income in transactions technology models where …, regardless of whether the government can use as alternative fiscal instruments an income tax, a consumption tax, or the two taxes …

In 2003 and 2004, MetroEdge conducted a survey of the financial behavior and attitudes of low- and moderate-income …

models of growth with increasing inequality using new data from rural and semi-urban households in Thailand. We estimate a … provide structural and reduced form evidence that the dominant source of credit market imperfections varies with wealth. For … poorer households limited commit-ment is the dominant concern. However, as wealth increases moral hazard gains importance …

"Economists have long viewed recessions as contributing to increasing inequality. However, this conclusion is largely … based on data from a period in which inequality was increasing over time. This paper examines the connection between long …-run trends and cyclical variation in earnings inequality. We develop a model in which cyclical and trend inequality are related …

Because financial transactions are important for wealth accumulation, and rely on trust and confidence in institutions … differences in education, income, and geographic location. For a given immigrant, the likelihood of financial market participation …