empirical tests, motivated by a simple theory, demonstrate that low-liquidity firms amplified its transmission …

The taxation of bequests can have a positive impact on the labor supply of heirs through wealth effects. This leads to … that a simple back-of-the-envelope calculation, based on existing estimates for the reduction in earnings after wealth … economy. Besides the joint distribution of income and inheritances, quasi-experimental evidence regarding the size of wealth …

Does parental wealth inequality impact next generation labor income inequality? And does a tax on parental wealth … intergenerational data from Norway, focusing on effects on wages rather than capital income. Results suggest that a net wealth of NOK 1 …. The estimated hypothetical wage distribution without the wealth tax is more unequal. Moreover, suggestive evidence …

We show that perceptions of relative rank in the wealth distribution shape individuals’ willingness to take risks … categories when asking respondents about their wealth level. Respondents who are induced to perceive their relative position as …

We empirically examine the impact of oil wealth on property rights protection for a sample of 156 countries between … 1960 and 2014. We find that higher levels of oil wealth result in weaker private property rights. This result is robust to … different instrumental-variable approaches and operationalizations of oil wealth and economic institutions. We argue that oil …

We show how normative standpoints determine optimal taxation of wealth. Since wealth is not equal to capital, we find …

distributions of health and wealth, leading to differences in the ability to mitigate future income shocks. We study consumption … health and wealth are jointly determined under income and health risk that are related to disease outbreak risk. We calibrate … in wealth and health, implying persistent increases in wealth inequality that are characterised by increases in wealth …

households would pay more attention to capital income risk if they have (i) lower initial wealth endowment, (ii) lower marginal …