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Wealth Taxation and Wealth Accumulation : Theory and Evidence from Denmark

Jakobsen, Katrine - 2018

used to impose one of the world's highest marginal tax rates on wealth, but this tax was drastically reduced and ultimately … abolished between 1989 and 1997. Due to the specific design of the wealth tax, these changes provide a compelling quasi …Using administrative wealth records from Denmark, we study the effects of wealth taxes on wealth accumulation. Denmark …

Persistent link: https://www.econbiz.de/10012925242

Optimal Fiscal Policy in a Model with Uninsurable Idiosyncratic Income Risk

Dyrda, Sebastian; Pedroni, Marcelo - 2021

tax base is relatively unequal and inelastic; (2) an increasing pattern of labor income taxes over time mitigates … remaining third come mostly from insurance; and (5) redistribution also leads to a more efficient allocation of labor via wealth …

Persistent link: https://www.econbiz.de/10013217069

Wealth taxation and wealth accumulation : theory and evidence from Denmark

Jakobsen, Katrine; Jakobsen, Kristian; Kleven, Henrik … - 2018

Persistent link: https://www.econbiz.de/10012542616

Bargaining over Taxes and Entitlements in the Era of Unequal Growth

Azzimonti, Marina; Karpuska, Laura; Mihalache, Gabriel - National Bureau of Economic Research - 2022

Entitlement programs have become an increasing component of total government spending in the US over the last six decades. To some observers, this growth of the welfare state is excessive and unwarranted. To others, it is a welcome counter-acting force to the rapid increase in income inequality....

Persistent link: https://www.econbiz.de/10013210072

Fiscal consolidation in Europe : pre- and post-Maastricht

Kamps, Christophe - 2001

Based on a panel data model this paper investigates whether the effects of fiscal policy on national saving in Europe … national saving responds nonlinearly to fiscal policy when a large and persistent consolidation is undertaken. I show that …

Persistent link: https://www.econbiz.de/10011474247

Fiscal Consolidation in Europe : Pre- and Post-Maastricht

Kamps, Christophe - 2005

Persistent link: https://www.econbiz.de/10014064008

Fiscal Austerity as the Achilles’ Heel to Socio-Economic Prosperity

Stournaras, Christos F. - 2012

Fiscal consolidation is used as a synonym for austerity much as debt restructuring is used as a euphemism for partial repudiation. Inside the political arena of international economics, the nomenclature of government officials in policy debates adopts colorful terminology, such as healthy public...

Persistent link: https://www.econbiz.de/10013103649