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Wage Rigidity or Fiscal Redistribution? The Unemployment Bias of Time Consistent Redistributive Policies
Lehmann, Etienne - 2021
Because of Time Inconsistency considerations, policymakers underestimate the drawbacks of wage rigidity as a redistributive tool. Consequently, they redistribute inefficiently income from high to low skilled workers. They typically implement too much wage rigidity whereas other means (in...
Persistent link: https://www.econbiz.de/10013317603
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Should the Rich Be Taxed More? The Fiscal Inequality Coefficient
Hatgioannides, John - 2017
This paper holistically addresses the effective (relative) income tax contribution of a given in-come (or, wealth) group. The widely acclaimed standard in public policy is the absolute benefaction of a given income group in filling up the fiscal coffers. Instead, we focus on the ratio of the...
Persistent link: https://www.econbiz.de/10012948621
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Wealth Transfers and Tax Planning : Evidence for the German Bequest Tax
Sommer, Eric - 2017
The rising importance of bequests as a source of personal income lead to renewed interest in the taxation of wealth transfers. Empirical evidence on distortionary effects of bequest taxation is relatively scarce. On the basis of administrative data for Germany, this paper assesses the extent to...
Persistent link: https://www.econbiz.de/10012943696
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Intergenerational Wealth Mobility and the Role of Inheritance : Evidence from Multiple Generations
Adermon, Adrian - 2016
This study estimates intergenerational correlations in mid-life wealth across three generations, and a young fourth generation, and examines how much of the parent-child association that can be explained by inheritances. Using a Swedish data set we find parent-child rank correlations of...
Persistent link: https://www.econbiz.de/10012985275
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Intergenerational Earnings Mobility and the Inheritance of Employers
Corak, Miles - 2010
with the inheritance of employers that have different intergenerational earnings elasticities. The model also demonstrates … that the inheritance of employers plays a role in understanding observed nonlinearities …
Persistent link: https://www.econbiz.de/10013144694
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The (Un)Importance of Inheritance
Black, Sandra E.; Devereux, Paul J.; Landaud, Fanny; … - 2022
inheritances have very little effect on the distribution of Total Inflows, suggesting that inheritance taxes may do little to …
Persistent link: https://www.econbiz.de/10014083901
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Luck or Rights? An Experiment on Preferences for Redistribution Following Inheritance of Opportunity
Lekfuangfu, Warn N.; Powdthavee, Nattavudh; Riyanto, … - 2022
We experimentally investigate whether people generally perceive inheritance as effort-induced or luck-induced. By …' subjects determines later redistributive decisions among the 'heir' subjects. On average, redistribution is highest among the … suggest that people would feel entitled to bequests and inheritance unless the randomness of inheritance has been made salient …
Persistent link: https://www.econbiz.de/10014083816
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Fiscal Union in Europe? Redistributive and Stabilising Effects of an EU Tax-Benefit System
Bargain, Olivier - 2012
The current debt crisis has given rise to a debate about deeper fiscal integration in Europe. The view is widespread that moving towards a 'fiscal union' would have a stabilising effect in the event of macroeconomic shocks. In this paper we study the economic effects of introducing two elements...
Persistent link: https://www.econbiz.de/10013105006
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A Fresh Look at Fiscal Redistribution and Inequality in the US Across Electoral Cycles
Sala, Hector - 2018
which this ratio increases coincide with those in which Democrats rule the government and there is more redistribution from … the power are characterized by a fall in the ratio and less redistribution from the rich to the rest of the population …
Persistent link: https://www.econbiz.de/10012909982
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Dynastic Human Capital, Inequality and Intergenerational Mobility
Adermon, Adrian - 2019
We study the importance of the extended family – the dynasty – for the persistence in inequality across generations. We use data including the entire Swedish population, linking four generations. This data structure enables us to identify parents' siblings and cousins, their spouses, and the...
Persistent link: https://www.econbiz.de/10012870180