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constant correction to survey-derived inequality estimates. Underreporting of income by the bottom 50% of the world income … and inequality have declined dramatically between 1980 and 2019. Finally, we find that within-country inequality is …
Persistent link: https://www.econbiz.de/10014512057
The share of pre-tax income flowing to the top of the UK income distribution increased continually and substantially in the three decades leading up to the financial crisis, but has changed little since 2013. Using microdata sampled from UK tax records, we describe the nature of top incomes in...
Persistent link: https://www.econbiz.de/10013210046
Countries that implement wealth taxes make many practical compromises regarding relative treatment and approach to valuation of different categories of assets in order to ease assessment and liquidity difficulties with this form of taxation. Relying on Norwegian variation in tax and base rules,...
Persistent link: https://www.econbiz.de/10013210059
highly public lives, with some achieving superstar status. Despite growing inequality, billionaires face effective tax rates …
Persistent link: https://www.econbiz.de/10014635675
In the second half of the 2010s more than 100 countries--including all large offshore financial centers--started to automatically exchange bank information with foreign tax authorities. This informational big-bang marks a break with the situation of offshore bank secrecy that prevailed before....
Persistent link: https://www.econbiz.de/10014635677
inequality. We consider a partial-equilibrium counterfactual in which employer-provided health insurance is instead financed by a …-tax financing are in the same ballpark as estimates of the impact of other leading drivers of labor market inequality, including … market inequality …
Persistent link: https://www.econbiz.de/10014248009
We review research on the dynamics and distribution of individual earnings and family income. We start with univariate earnings models, which dominate the literature and are often used as the exogenous component of family income in structural models of saving. We present a version of the linear...
Persistent link: https://www.econbiz.de/10013210123
Top income inequality in the United States has increased considerably within occupations. This phenomenon has led to a … search for a common explanation. We instead develop a theory where increases in income inequality originating within a few … provides non-divisible services to consumers, with physicians our prime example. Examining local income inequality across U …
Persistent link: https://www.econbiz.de/10014322754
Heathcote et al. (2010) conducted an empirical analysis of several dimensions of inequality in the United States over …, the gender wage gap has kept shrinking. Both individual- and household-level income inequality have continued to rise at … the top, while the cyclical component of inequality dominates dynamics below the median. Inequality in consumption …
Persistent link: https://www.econbiz.de/10014322873
This paper studies how household inequality shapes the effects of the zero lower bound (ZLB) on nominal interest rates … combine low inflation targets and high levels of wealth inequality …
Persistent link: https://www.econbiz.de/10014287383