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Income and wealth inequality in America, 1949-2013
Kuhn, Moritz; Schularick, Moritz; Steins, Ulrike I. - 2017
This paper studies the distribution of U.S. household income and wealth over the past seven decades. We introduce a newly compiled household-level dataset based on archival data from historical waves of the Survey of Consumer Finances (SCF). Complementing recent work on top income and wealth...
Persistent link: https://www.econbiz.de/10011717045
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Lifting the veil of ignorance : survey experiments on preferences for wealth redistribution
Stumpf, Elisa; Übelmesser, Silke - 2024
We study beliefs about wealth inequality and preferences for wealth redistribution. For this, we conduct a large … position in it. Second, we investigate how preferences for wealth redistribution are affected by an information experiment. One … redistribution, we find no significant average treatment effect for either treatment in the full sample, although those who …
Persistent link: https://www.econbiz.de/10014543737
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Distributional effects of the wealth tax under a lifetime-dynastic income concept
Halvorsen, Elin; Thoresen, Thor Olav - 2017
Recent books by Thomas Piketty (Piketty, 2014) and Anthony Atkinson (Atkinson, 2015) have brought the annual wealth tax back on the policy agenda. Both authors suggest using the annual wealth tax to supplement the redistributional effects of the income tax, assigning it a role as a...
Persistent link: https://www.econbiz.de/10011717186
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Experienced inequality and preferences for redistribution
Roth, Christopher; Wohlfart, Johannes - 2016
We examine in how far people's experiences of income inequality affect their preferences for redistribution. We use … growing up are less in favor of redistribution, after controlling for income, demographics, unemployment experiences and …
Persistent link: https://www.econbiz.de/10011573913
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Your place in the world relative income and global inequality
Fehr, Dietmar; Mollerstrom, Johanna; Perez-Truglia, Ricardo - 2021
There is abundant evidence on individual preferences for policies that reduce national inequality, but only little evidence on preferences for policies addressing global inequality. To investigate the latter, we conduct a two-year, face-to-face survey experiment on a representative sample of...
Persistent link: https://www.econbiz.de/10012507321
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The consequences of inequality : beliefs and redistributive preferences
Lobeck, Max; Støstad, Morten Nyborg - 2023
What matters for individuals' preferences for redistribution? In this paper we show that consequentialist beliefs about … shape a distinct conversation about redistribution. …
Persistent link: https://www.econbiz.de/10014383934
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Dynamics of capital accumulation in the US : simulations after Piketty
De Donder, Philippe; Roemer, John E. - 2015
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 not a life-cycle model. A competitive firm produces a...
Persistent link: https://www.econbiz.de/10010515458
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How should capital be taxed? : theory and evidence from Sweden
Bastani, Spencer; Waldenström, Daniel - 2018
This paper presents a comprehensive analysis of the role of capital taxation in advanced economies with a focus on the Swedish experience. We synthesize the existing theoretical literature, present facts about the capital stock and its distribution, review current capital tax practices and...
Persistent link: https://www.econbiz.de/10011825361
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Markups, taxes, and rising inequality
Auray, Stéphane; Eyquem, Aurélien; Garbinti, Bertrand; … - 2022
How to explain rising income and wealth inequality? We build an original heterogeneous-agent model with three key features: (i) an explicit link between firm's market power and top income shares, (ii) a granular representation of the tax and transfer system, and (iii) three assets with...
Persistent link: https://www.econbiz.de/10013384710
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The anatomy of the global saving glut
Bauluz, Luis; Novokmet, Filip; Schularick, Moritz - 2022
This paper provides a household-level perspective on the rise of global saving and wealth since the 1980s. We calculate asset-specific saving flows and capital gains across the wealth distribution for the G3 economies – the U.S., Europe, and China. In the past four decades, global saving...
Persistent link: https://www.econbiz.de/10013187481