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magazine to gain new insights on the structure and dynamics of top wealth in Switzerland. Using this data allows us study the … literature. First, we present a number of new facts on the wealth elite in Switzerland. We show that about 60% of the super … income and wealth. We are the first to evaluate this policy—similar to “non-dom” taxation that exists in other countries like …
Persistent link: https://www.econbiz.de/10014082312
We study how attitudes to inheritance taxation are influenced by information about the role of inherited wealth in … aggregate importance of inherited wealth and its link to inequality of opportunity significantly increases the support for …. Changes in the perceived economic importance of inherited wealth and altered views on whether luck matters most for economic …
Persistent link: https://www.econbiz.de/10012892104
How much and over what horizon do households adjust their consumption in response to stock market wealth shocks? We …
Persistent link: https://www.econbiz.de/10013219064
We provide new evidence of forward-looking labor supply responses to changes in pension wealth. We exploit a 2014 … German reform that increased pension wealth for mothers by an average of 4.4% per child born before January 1, 1992. Using … intensive margin responses. Our estimates imply that, on average, an extra euro of pension wealth in a given period reduces …
Persistent link: https://www.econbiz.de/10014356483
Like in many other countries, wealth inequality has increased in Switzerland over the last fifty years. By providing … new evidence on cantonal top wealth shares for each of the 26 cantons since 1969, we show that the overall trend masks … striking differences across cantons, both in levels and trends. Combining this with variation in cantonal wealth taxes, we then …
Persistent link: https://www.econbiz.de/10014358704
The role of inherited wealth in modern economies has increasingly come under scrutiny. This study presents one of the … share of total wealth in a given economy. Thus, aging is not likely to explain a recent surge in this share in some advanced …
Persistent link: https://www.econbiz.de/10012245818
This paper analyzes new evidence on long-run trends in aggregate wealth accumulation and wealth inequality in Western … countries. The new findings suggest that wealth-income ratios were lower before World War I than previously claimed, that wealth … concentration fell over the past century and has remained low in Europe but increased in the United States, that wealth has changed …
Persistent link: https://www.econbiz.de/10013323085
who reside in Western countries, and those who inherited substantial wealth, are wealthier than other billionaires. The … results do not arise from measurement error or nonrandom sample selectivity. They are consistent with econometric theory about …
Persistent link: https://www.econbiz.de/10013323870
By means of a laboratory experiment, we show that, contrary to standard consumer theory, financially equivalent balance … large majority of subjects indeed have a bias in the perception of wealth, such that balance sheet composition matters: for … implies greater perceived wealth. The predominance of this bias is explained by low cognitive sophistication and great …
Persistent link: https://www.econbiz.de/10012845685
This paper addresses the modern optimal tax progressivity literature, which clarifies the key role of the behavioral response to taxation and accounts for the incomes of the superrich being qualitatively different than others. Some may be "superstars," for whom small differences in talent are...
Persistent link: https://www.econbiz.de/10012861454