under various inflation scenarios. We develop a tax micro-simulation model for the newly available Panel on Household … Finance (PHF) data. The simulation yields an inverted U-shaped overall redistributive effect of the income tax and social … drag always enhances the equalising effect. The nominal income growth as well as the deterioration of tax progression at …

microlevel panel data of German income tax files that is highly representative for top income households. Top income mobility is … recipients' mobility is lower than that of lower income tax units. …

A large literature has documented top income share series based on income tax statistics using the common methodology … established by Piketty (2001, 2003). The disappearance of capital income from the income tax base in many countries poses a major … exclusion of capital gains, we employ a rich data set containing the tax files of all income taxpayers. Third, we construct a …

distributions are highly leptokurtic. The existing tax and transfer system reduces dispersion and left-skewness of shocks. We then … show that in a standard incomplete-markets life-cycle model, first, higher-order risk has sizable welfare implications …, which depend crucially on risk attitudes of households; second, higher-order risk matters quantitatively for the welfare …

on employee households. In order to investigate whether the treatment of families by the aggregate tax-benefit system can … significant contradiction of value judgments within the German tax-benefit system. From the perspective of our paper, there is no … convincing justification for this inconsistency. -- horizontal equity ; family taxation ; distributive justice ; tax …