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 …

We evaluate the effectiveness of a more progressive tax scheme in raising government revenues. We develop a life …-cycle economy with heterogeneity and endogenous labor supply. Households face a progressive income tax schedule, mimicking the … Federal Income tax, and flat-rate taxes that capture payroll, state and local taxes and the corporate income tax. We …

a mix of taxation (about one-third) and the sale of war bonds (two-thirds). He introduced a sharply progressive income … tax schedule that taxed the wealthy class but left average Americans untaxed. To raise the balance needed McAdoo conceived ……the economic equivalent of the military front.” I argue that the combination of the class tax and the Liberty Loan Campaign was a …

Government bonds are interest-bearing assets. Increasing public debt increases income, wealth, and consumption demand … debt. Conversely, lower public debt implies higher government spending and taxation. Public debt plays, thus, an important … the Maastricht treaty), such constraints place lower bounds on taxation and public spending or may even rule out the …

From an economic perspective, imposing a credible one-off net wealth levy in crisis times as a tool to ward off a …

A fall in house prices due to a change in fundamental value redistributes wealth from those long housing (for whom the …, of the Yaari-Blanchard OLG model used in the paper), there is no pure wealth effect on consumption from a change in house … prices driven by the housing demand of future generations will boost current consumption. There is a pure wealth effect on …

A fall in house prices due to a change in its fundamental value redistributes wealth from those long housing (for whom … used in the paper, there is no pure wealth effect on consumption from a change in house prices if this represents a change … in their fundamental value. There is a pure wealth effect on consumption from a change in house prices if this reflects a …

outcomes. This paper studies the effects of slavery on black-white wealth inequality upon the emancipation of slaves in the US … using historical data.The purpose of wealth has varied from over time. From an economics perspective, wealth is the …, such that they have an incentive to accumulate material wealth for inter-temporal household consumption and social …

We evaluate the effectiveness of a more progressive tax scheme in raising government revenues. We develop a life …-cycle economy with heterogeneity and endogenous labor supply. Households face a progressive income tax schedule, mimicking the … Federal Income tax, and flat-rate taxes that capture payroll, state and local taxes and the corporate income tax. We …