Using detailed tax data from the Swiss canton of Bern, I examine how changes in wealth are related to income risk. I … find that only among elderly individuals high kurtosis of income risk may be positively correlated with wealth accumulation …. Additionally, I document that a substantial share of taxpayers have negative net wealth. While wealth and income are positively …

We estimate household equivalence scales using income satisfaction data from the German Socio-Economic Panel. We extend … previous studies applying this approach by taking reference income into account. This allows separating needs-based from … reference effects in the determination of income satisfaction. We show that this adjustment helps to overcome a bias causing an …

In higher education pure credit market funding leads to underinvestment while income-contingent loans funding tends to … that funding competition does not rectify the investment inefficiency nor will it improve pooling of individual income …

The public finance literature has modeled income shifting as a decision along the intensive margin even though it … margin has crucial policy implications: the classical distinction between income creation and income shifting breaks down. We … supply elasticities, and costs of income shifting. In the most empirically plausible scenario when people who shift easily …

development, financial liberalization and banking crises are related to income inequality. In contrast with most previous work …, our results suggest that all finance variables increase income inequality. The level of financial development conditions … financial liberalization on income inequality, in contrast to the quality of economic institutions. Our main findings are robust …

We examine the relationship between capitalism and income inequality for a large sample of countries using an adjusted … economic freedom index as proxy for capitalism and Gini coefficients based on gross-income as proxy for income inequality. Our … results suggest that there is no robust relationship between economic freedom and income inequality. In addition, we analyze …