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 provide a comprehensive analysis of income inequality and income dynamics for Germany over the last two decades …. Combining personal income tax and social security data allows us - for the first time - to offer a complete picture of the … distribution of annual earnings in Germany. We find that cross-sectional inequality rose until 2009 for men and women. After the …

Ownership of small businesses can facilitate upward mobility through the income hierarchy and help individuals maintain … a place at the higher end of the income distribution hierarchy. This paper compares the positional stability of owners … faces definitional challenges. For instance, the Norwegian dual income tax system encourages owners of small businesses to …

This note provides evidence for the relationship between income comparisons and subjective well-being (SWB), using … novel German data on self-reported comparison intensity and perceived relative income for seven reference groups. We find … for other reference groups, such as neighbours. Work-related income comparisons are mostly upwards and there is a strong …

We calibrate a sequence of four nested models to study the dynamics of wealth accumulation. Individuals maximize a … utility function whose arguments are consumption and investment. They desire to accumulate wealth for its own sake - this is … reduce the tax rate on capital income. The third model introduces differential rates of return to capitals of different sizes …

of father’s income on child income. We find a strong association between the incomes of fathers and children. The causal … individual incomes. When examining joint income with their partners, the results are more aligned, indicating that assortative … mating plays a key role in intergenerational income transmission, particularly for daughters. …

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

model with skill heterogeneity. Higher tax progressivity decreases both the longevity gap and net income inequality, but at … the expense of lower average lifetime and lower aggregate labor supply and income. We find that the welfare …-maximizing income tax is less progressive than in the case of exogenous longevity and that the present US income tax should redistribute …

their income, finding, for instance, an effective tax rate of only 38.1% for the 0.001% fractile of German income taxpayers … in 2001. This result contrasts sharply with the legislated top marginal income tax rate of 48.5%. We subject the results … important distributional result, the CNTR increases with increasing taxable income. -- Top incomes ; income taxation ; taxing …