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well as at all levels of net wealth at a point in time. Gifts and inheritances are only an important source of income flows … extreme wealth inequality in society …
Persistent link: https://www.econbiz.de/10013305650
We show how normative standpoints determine optimal taxation of wealth. Since wealth is not equal to capital, we find …
Persistent link: https://www.econbiz.de/10012841621
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
German history over the past 125 years has been turbulent. Marked by two world wars, revolutions and major regime … insights into the role of country-specific shocks in shaping long-run wealth dynamics. This paper presents the first … comprehensive study of wealth and its distribution in Germany since the 19th century. We combine tax and archival data, household …
Persistent link: https://www.econbiz.de/10013289690
countries. The new findings suggest that wealth-income ratios were lower before World War I than previously claimed, that wealth … from being dominated by elite-owned fortunes to consist mainly of popular wealth, and that capital shares in national …This paper analyzes new evidence on long-run trends in aggregate wealth accumulation and wealth inequality in Western …
Persistent link: https://www.econbiz.de/10013323085
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 …
Persistent link: https://www.econbiz.de/10013310772
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
find that Germans systematically underestimate their true place in the world’s income distribution, but that correcting …
Persistent link: https://www.econbiz.de/10013231987
entrepreneurial elite, resulting in economic policy and institutions which are more conducive to entrepreneurship and productivity …
Persistent link: https://www.econbiz.de/10010261348
find that the tax-transfer scheme positively affects growth while simultaneously reducing wealth inequality in the economy …
Persistent link: https://www.econbiz.de/10010282062