We use a novel dataset on effective property tax rates in U.S. states and metropolitan statistical areas (MSAs) over … the 2005-2014 period to analyze the relationship between property tax rates and house price volatility. We find that … property tax rates have a negative impact on house price volatility. The impact is causal, with increases in property tax rates …

received a wealth transfer and these accounted for 23 percent of their net worth. Over the lifetime, about 30 percent of … households could expect to receive a wealth transfer and these would account for close to 40 percent of their net worth near time … reporting a wealth transfer fell by 2.5 percentage points. The average value of inheritances received among all households did …

States. However, these illiquid, non-market forms of wealth are typically excluded from measures of net worth. To the extent … that these broadly held resources substitute for savings, measures of wealth inequality that do not account for DB pensions … and Social Security may be overstated. This paper develops an alternative, expanded wealth concept, augmenting precise net …

States. However, these illiquid, non-market forms of wealth are typically excluded from measures of net worth. To the extent … that these broadly held resources substitute for savings, measures of wealth inequality that do not account for DB pensions … and Social Security may be overstated. This paper develops an alternative, expanded wealth concept, augmenting precise net …

This paper surveys possible motivations for having a net wealth tax. After giving a short overview over the state of … wealth taxation in OECD countries, we discuss both popular arguments for such a tax, as well as economic arguments. It is … net wealth tax. The efficiency-related effects are also discussed and shown to be theoretically ambiguous, while empirical …

This paper reviews the historical trends of the distribution of income and wealth in the United States. It also … discusses the literature on whether imposing wealth tax suggested by Senator Warren and Sanders will improve the inequalities …. The paper researches the tax policy regarding the Wealth taxes on ultra-wealthy households, the policy that has been …