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Aggregate and distributional effects of increasing taxes on top income earners

Brüggemann, Bettina; Yoo, Jinhyuk - 2015

We analyze the macroeconomic implications of increasing the top marginal income tax rate using a dynamic general equilibrium framework with heterogeneous agents and a fiscal structure resembling the actual U.S. tax system. The wealth and income distributions generated by our model replicate the...

Persistent link: https://www.econbiz.de/10011317719

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Instability and concentration in the distribution of wealth

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Aggregate and distributional effects of increasing taxes on top income earners

Brüggemann, Bettina; Yoo, Jinhyuk - 2015

We analyze the macroeconomic implications of increasing the top marginal income tax rate using a dynamic general equilibrium framework with heterogeneous agents and a fiscal structure resembling the actual US tax system. The wealth and income distributions generated by our model replicate the...

Persistent link: https://www.econbiz.de/10011296121