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Taxes and the Revaluation of Household Wealth

Wolff, Edward N. - 2020

Tax deferred assets (TDAs) such as 401(k)s cannot be directly valued with other assets such as homes and stocks because TDAs carry a substantial deferred tax liability on withdrawal. I also net out implicit taxes on accrued capital gains and compare pre-tax and post-tax wealth. The empirical...

Persistent link: https://www.econbiz.de/10012481522

Household Wealth Trends in the United States, 1962 to 2019 : Median Wealth Rebounds... But Not Enough

Wolff, Edward N. - National Bureau of Economic Research - 2021

Median household wealth shot up by 21.2 percent in real terms between 2016 and 2019, as asset prices continued to …

Persistent link: https://www.econbiz.de/10012482601

The Level and Distribution of Global Household Wealth

Davies, James B. - 2009

We estimate the level and distribution of global household wealth. The levels of assets and debts for 39 countries are … measured using household balance sheet and survey data centred on the year 2000. The determinants of mean financial assets, non … lacking direct evidence. Data on the pattern of household distribution of wealth are assembled for 20 countries, which …

Persistent link: https://www.econbiz.de/10012463141

Household Wealth Trends in the United States, 1962 to 2016 : Has Middle Class Wealth Recovered?

Wolff, Edward N. - 2017

Asset prices plunged between 2007 and 2010 but then rebounded from 2010 to 2016. The most telling finding is that median wealth plummeted by 44 percent over years 2007 to 2010. The inequality of net worth, after almost two decades of little movement, went up sharply from 2007 to 2010, and...

Persistent link: https://www.econbiz.de/10012453628

Deconstructing Household Wealth Trends in the United States, 1983 - 2013

Wolff, Edward N. - 2016

I use the Survey of Consumer Finances (SCF) to analyze wealth trends from 1983 to 2013. Asset prices plunged between 2007 and 2010 but then rebounded from 2010 to 2013. Median wealth plummeted by 44 percent over years 2007 to 2010 and wealth inequality was up sharply. These two movements can be...

Persistent link: https://www.econbiz.de/10012455976

Heterogenous Rates of Return on Homes and Other Real Estate : Do the Rich Do Better? Do Black Households Do Worse?

Wolff, Edward N. - National Bureau of Economic Research - 2022

Recent work on wealth inequality based on the capitalization method wherein aggregate wealth totals are distributed in proportion to various forms of income like dividends has motivated a concern about whether rates of return on assets vary across the wealth distribution. In this study, I use a...

Persistent link: https://www.econbiz.de/10013435105

Is There Really an Inflation Tax? Not For the Middle Class and the Ultra-Wealthy

Wolff, Edward N. - National Bureau of Economic Research - 2023

). How has this affected household well-being? The paper first develops a new model to address this issue. The inflation tax … long as inflation is positive). The inflation gain on household wealth is the revaluation resulting from asset price …

Persistent link: https://www.econbiz.de/10014421200