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Taxing Top Wealth : Migration Responses and their Aggregate Economic Implications

Jakobsen, Katrine; Kleven, Henrik Jacobsen; Kolsrud, Jonas - National Bureau of Economic Research - 2024

Using administrative data on wealth, firm ownership structure, and migration in Sweden and Denmark, we document international migration patterns among the very wealthy, their impact on the economy, and how they respond to wealth taxation. We show that more than 20% of taxpayers liable to pay...

Persistent link: https://www.econbiz.de/10014486244

Measuring Income and Income Inequality

Clarke, Conor; Kopczuk, Wojciech - National Bureau of Economic Research - 2025

Income inequality is important, but attempts to measure it arrive at strikingly different conclusions. Why? We use … recent disputes over measuring United States income inequality to return to first principles about both the income concept … and inequality measurement. We emphasize two broad points. First, no measure of the income distribution is truly …

Persistent link: https://www.econbiz.de/10015398130

Managing Mental Accounts : Payment Cards and Consumption Expenditures

Gelman, Michael; Roussanov, Nikolai - National Bureau of Economic Research - 2023

Does mental accounting matter for total consumption expenditures? We exploit a unique setting in which individuals exogenously received a new credit card, without requesting one. Using random variation in the time of receipt we show that individuals temporarily increase total consumption...

Persistent link: https://www.econbiz.de/10014337846

The Impact of Intergenerational Transfers on the Distribution of Wealth : An International Comparison

Horioka, Charles - National Bureau of Economic Research - 2024

In this paper, I analyze detailed data on intergenerational transfers in 4 countries (China, India, Japan, and the United States) from the "Japan Household Panel Survey on Consumer Preferences and Satisfaction (JHPS-CPS)" which has been conducted by the Institute of Social and Economic Research...

Persistent link: https://www.econbiz.de/10015094857

More Unequal We Stand? : Inequality Dynamics in the United States 1967-2021

Heathcote, Jonathan; Perri, Fabrizio; Violante, Giovanni L. - National Bureau of Economic Research - 2023

Heathcote et al. (2010) conducted an empirical analysis of several dimensions of inequality in the United States over …, the gender wage gap has kept shrinking. Both individual- and household-level income inequality have continued to rise at … the top, while the cyclical component of inequality dominates dynamics below the median. Inequality in consumption …

Persistent link: https://www.econbiz.de/10014322873

Bequests

Horioka, Charles - National Bureau of Economic Research - 2025

In this paper, we discuss bequests and other intergenerational transfers and what impact they have on the consumption, saving, and labor supply behavior of households. We show that bequests and other intergenerational transfers are prevalent in most countries, that they are sometimes motivated...

Persistent link: https://www.econbiz.de/10015421877

Price Discrimination and Mortgage Choice

Coen, Jamie; Kashyap, Anil K.; Rostom, May - National Bureau of Economic Research - 2023

We characterize the large number of mortgage offers for which people qualify in the United Kingdom. Very few pick the cheapest option, nonetheless the one selected is not usually noticeably more expensive. A few borrowers make very expensive choices. These are most common when the menu they face...

Persistent link: https://www.econbiz.de/10014372409

Top Income Inequality and Tax Policy

Delestre, Isaac; Kopczuk, Wojciech; Miller, Helen; … - National Bureau of Economic Research - 2022

The share of pre-tax income flowing to the top of the UK income distribution increased continually and substantially in the three decades leading up to the financial crisis, but has changed little since 2013. Using microdata sampled from UK tax records, we describe the nature of top incomes in...

Persistent link: https://www.econbiz.de/10013210046

Utility and Happiness

Kimball, Miles S.; Willis, Robert J. - National Bureau of Economic Research - 2023

Psychologists have developed effective survey methods of measuring how happy people feel at a given time. The relationship between how happy a person feels and utility is an unresolved question. Existing work in Economics either ignores happiness data or assumes that felt happiness is more or...

Persistent link: https://www.econbiz.de/10014372464

Welfare Accounting

Dávila, Eduardo; Schaab, Andreas - National Bureau of Economic Research - 2023

This paper develops a welfare accounting decomposition that identifies and quantifies the ultimate origins of welfare gains and losses in general economies with heterogeneous individuals and disaggregated production. The decomposition---exclusively based on preferences and technologies---first...

Persistent link: https://www.econbiz.de/10014372473