income. We argue that instead of using yearly income, one should measure wealth tax burdens with respect to individual … concept can be established. Under our preferred income concept, the wealth tax shows advantageous distributional effects - it …Recent books by Thomas Piketty (Piketty, 2014) and Anthony Atkinson (Atkinson, 2015) have brought the annual wealth tax …

We use Norwegian administrative panel data on wealth and income between 1993 and 2015 to study lifecycle wealth … Money are characterized by even higher saving rates and returns and also by higher labor income. Their excess wealth is … households in the same cohort, own mostly private equity, earn higher returns, derive most of their income from dividends and …

We use the Italian Survey of Household Income and Wealth, a rather unique dataset with a long time dimension of panel … information on consumption, income and wealth, to structurally estimate a buffer-stock saving model. We exploit the information … contained in the joint dynamics of income, consumption and wealth to quantify the degree of insurance against income risk. The …

his lifetime income and the lifetime income of his reference group; hence the paper offers a permanent income version of … the Duesenberry's relative income hypothesis. Across households the saving ratio increases with income while aggregate … saving is independent of the income distribution. Positional concerns lead agents to over-consume, over-work and under …

-shaped consumption age profiles. The main driver behind lifecycle consumption variations are lifecycle income changes, which display … similar flattening. Employing a lifecycle model we show changes in income are sufficient to match the movements in consumption …

effect of the coronavirus crisis on household income and retirement wealth, households’ expectations about the recovery, and …, which are stronger for younger households and those in lower income and wealth quintiles. Expectations about household … pronounced for middle-age households and those higher in the wealth and income distributions. This contrasts with income shocks …

cycle. Decreasing discounting helps a canonical life-cycle model to explain the household saving puzzles of undersaving when …

This paper develops a pseudo-panel approach to examine household electricity demand behaviour through the household … life cycle and its response to income variations to help strengthen the energy policy-making process. Our empirical … evidence that the income elasticity of French residential electricity demand is 0.22, averaged over our four cohorts of …

information policies significantly affects household financial assets. We use these policies as instruments to estimate the effect …