income. We argue that instead of using yearly income, one should measure wealth tax burdens with respect to individual … concept can be established. Under our preferred income concept, the wealth tax shows advantageous distributional effects - it …Recent books by Thomas Piketty (Piketty, 2014) and Anthony Atkinson (Atkinson, 2015) have brought the annual wealth tax …

We calibrate a sequence of four nested models to study the dynamics of wealth accumulation. Individuals maximize a … utility function whose arguments are consumption and investment. They desire to accumulate wealth for its own sake - this is … reduce the tax rate on capital income. The third model introduces differential rates of return to capitals of different sizes …

We examine how intergenerational income mobility responds to structural changes in a simple theoretical model of …

The literature on intergenerational income mobility uses a diverse set of measures and there is limited knowledge about … main analysis uses income tax data from Australia to produce a comprehensive set of empirical estimates for each of 19 …

of father’s income on child income. We find a strong association between the incomes of fathers and children. The causal … individual incomes. When examining joint income with their partners, the results are more aligned, indicating that assortative … mating plays a key role in intergenerational income transmission, particularly for daughters. …

This paper considers a parametric model for the joint distribution of income and wealth. The model is used to analyze … income and wealth inequality in five OECD countries using comparable household-level survey data. We focus on the dependence … parameter between the two variables and study whether accounting for wealth and income jointly reveals a different pattern of …

model with skill heterogeneity. Higher tax progressivity decreases both the longevity gap and net income inequality, but at … the expense of lower average lifetime and lower aggregate labor supply and income. We find that the welfare …-maximizing income tax is less progressive than in the case of exogenous longevity and that the present US income tax should redistribute …

the effect of this change on the overall progression on total income. The analysis is based on a microlevel panel dataset …This paper analyzes the effect of the introduction of a final withholding tax on capital income on the progression of … the German income tax. As previous literature shows, even with synthetic income taxation, tax progression was strongest in …

in income inequality. An alternative is to assess patterns of panel income changes. We derive theoretical conditions … reconciling changes in inequality together with various measures of convergent/divergent panel income changes. For a large number … of inequality indices, as well as for Lorenz curves: we show that rising inequality can coexist with convergent panel …