The paper develops a signalling theory of conspicuous consumption where the drive toward spending on an otherwise … equilibria and the separating equilibria of the signalling game played by individuals. We then ask whether taxation can be Pareto …-improving and which tax scheme would be chosen by the median voter in this society …

benefit of the property-owning upper-middle class. By contrast, a progressive consumption tax successfully and persistently …

benefit of the property-owning upper-middle class. By contrast, a progressive consumption tax successfully and persistently …

Marginal income taxes may have an insurance effect by decreasing the effective fluctuations of after-tax individual …

comprehensive study of wealth and its distribution in Germany since the 19th century. We combine tax and archival data, household …

During the Greek crisis the wealth tax on real estate (WTRE) was increased four-fold as a percentage of GDP in order to … fiscal revenues has been, at best, slightly positive if not quite negative, as the WTRE induces large tax losses by lowering …

During the Greek crisis the wealth tax on real estate (WTRE) was increased four-fold as a percentage of GDP in order to … fiscal revenues has been, at best, slightly positive if not quite negative, as the WTRE induces large tax losses by lowering …

how tax cuts can be designed to help establish compulsory savings accounts so that a publicly funded welfare system can be … a tax and welfare reform can be jointly designed to enable this transition to occur has not been done before. Our policy …