deviations from the common trend among consumption, aggregate wealth, and labour income, cay, and focus on the implications for …

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 …

provide a novel decomposition of labor income tax formulas into a redistribution and an insurance component. The latter is …We analyze optimal taxation of labor and capital income in a life-cycle framework with idiosyncratic income risk. We … independent of the social welfare function and determined by the degree of income risk and risk aversion. The optimal linear …

income …

income. …

income, it is the amount won, age and liquid assets that vary systematically with MPCs. Low-liquidity winners of the smallest …

research has to ensure income, wealth effects, or intratemporal substitution channels cannot explain these results and ideally …

(VAT) effective in 2007. This shock increased German households' inflation expectations during 2006, as well as actual …-in-differences identification design. German households' willingness to purchase durable goods increased by 34% after the shock, compared to matched … foreign households. Income or wealth effects do not appear to drive these results, and we do not find evidence of …