occur. We show that a consumption tax or a capital tax, levied to finance public capital, does not increase inequality. In … our model capital tax-financed public investment has even an inequality-reducing effect -- thus allowing for Pareto …-improving public investment that decreases inequality. Additionally we find that agents differ in their preferred tax rates. These …

determinants of across-household heterogeneity in second earner labour supply. We find that individual taxation is welfare …. The main reason for this is the inequity created by income splitting in the presence of a high degree of inequality in the …

Finances. The household-level data allow us to study the joint distributions of household income and wealth since 1949. We … shift the wealth distribution because the composition and leverage of household portfolios differ systematically along the … wealth inequality, all else equal. Stock market booms primarily boost the wealth of households at the top of the distribution …

paper is to quantify the proportion of changing household structures in the increase in inequality. We find that the rise in … inequality was indeed more due to changes of household structure and employment behavior rather than changes in wages. Moreover …Income inequality in Germany has been continuously increasing during the past 20 years. In general, this is understood …

latest pension legislation. As a central innovation we present a decomposition approach which allows to identify the isolated …