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Many researchers and policymakers have made strong arguments for broadening the taxes on wealth and its returns. Although the theoretical literature on (optimal) wealth taxation is growing, there exists a large void in empirical research. This paper addresses this void by analysing the...
Persistent link: https://www.econbiz.de/10012293638
We collect, digitize, and supplement the Swiss rich list for the years 1989-2020 published in the "BILANZ" business magazine to gain new insights on the structure and dynamics of top wealth in Switzerland. Using this data allows us study the super-rich in Switzerland in ways that were not...
Persistent link: https://www.econbiz.de/10013255620
We collect, digitize, and supplement the Swiss rich list for the years 1989-2020 published in the "BILANZ" business magazine to gain new insights on the structure and dynamics of top wealth in Switzerland. Using this data allows us study the the super-rich in Switzerland in ways that were not...
Persistent link: https://www.econbiz.de/10012887591
We analyze the top tail of the wealth distribution in Germany, France, Spain, and Greece based on the Household Finance and Consumption Survey (HFCS). Since top wealth is likely to be underrepresented in household surveys we integrate the big fortunes from rich lists, estimate a Pareto...
Persistent link: https://www.econbiz.de/10011317780
It is a well-known criticism that due to its exponential distribution, survey data on wealth is hardly reliable when it comes to analyzing the richest parts of society. This paper addresses this criticism using Austrian data from the Household Finance and Consumption Survey (HFCS). In doing so...
Persistent link: https://www.econbiz.de/10010233897
We analyze the top tail of the wealth distribution in Germany, France, Spain, and Greece based on the Household Finance and Consumption Survey (HFCS). Since top wealth is likely to be underrepresented in household surveys we integrate the big fortunes from rich lists, estimate a Pareto...
Persistent link: https://www.econbiz.de/10013016088
We analyze the top tail of the wealth distribution in Germany, France, and Spain based on the first and second wave of the Household Finance and Consumption Survey (HFCS). Since top wealth is likely to be underrepresented in household surveys, we integrate big fortunes from rich lists, estimate...
Persistent link: https://www.econbiz.de/10012928875
The literature has typically found that the distribution of socioeconomic factors like education, labor status and income does not account for the remarkablewealth inequality disparities between countries.As a result, their different institutions and other latent factors receive all the credit....
Persistent link: https://www.econbiz.de/10012612600
Top distributions of income and wealth are still incompletely measured in many national statistics, particularly when using survey data. This paper develops the technique of incorporating the joint distributional relationship to enhance the estimation of these two top distributions. We leverage...
Persistent link: https://www.econbiz.de/10012438173
Underreporting and undersampling biases in top tail wealth, although widely acknowledged, have not been statistically quantified so far, essentially because they are not readily observable. Here we exploit the functional form of power law-like regimes in top tail wealth to derive analytical...
Persistent link: https://www.econbiz.de/10012406231