Showing 1 - 10 of 2,351
comprehensive study of wealth and its distribution in Germany since the 19th century. We combine tax and archival data, household … insights into the role of country-specific shocks in shaping long-run wealth dynamics. This paper presents the first … surveys, historical national accounts, and rich lists to analyze the evolution of the German wealth distribution over the long …
Persistent link: https://www.econbiz.de/10013194250
comprehensive study of wealth and its distribution in Germany since the 19th century. We combine tax and archival data, household … insights into the role of country-specific shocks in shaping long-run wealth dynamics. This paper presents the first … surveys, historical national accounts, and rich lists to analyze the evolution of the German wealth distribution over the long …
Persistent link: https://www.econbiz.de/10013361274
globalized capital market as investments are distorted. This study shows that raising tax revenue by taxing wealth is less costly … wealth. The explanation is that a recidence based tax on wealth collects tax revenue from wealthy investors without …Taxation of capital income and wealth designed to redistribute from the rich may harm small open economies with a …
Persistent link: https://www.econbiz.de/10014280095
wealth. A wealth tax without a discount for working capital combined with a tax rate on ordinary income equal to the …Taxation of capital income and wealth redistributes from the rich but may harm the Norwegian economy as business … investments is distorted. This study shows how to redistribute from the richest without distorting investment decisions of foreign …
Persistent link: https://www.econbiz.de/10014280096
This study presents new homogenous series of top income shares in Sweden over the period 1903-2004. We find that, starting from levels of inequality approximately equal to those in other Western countries at the time, the income share of the Swedish top decile drops sharply over the first eighty...
Persistent link: https://www.econbiz.de/10012768465
Entitlement programs have become an increasing component of total government spending in the US over the last six decades. To some observers, this growth of the welfare state is excessive and unwarranted. To others, it is a welcome counter-acting force to the rapid increase in income inequality....
Persistent link: https://www.econbiz.de/10013210072
limitations on it. Discusses the estate tax, its economic effects and effectiveness in equalizing the distribution of wealth …This article examines the distribution of wealth and theories justifying both the acquisition of great wealth and …. Concludes that it has been very ineffective and that there is a case for abolishing the estate tax …
Persistent link: https://www.econbiz.de/10013136510
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 …
Persistent link: https://www.econbiz.de/10013038303
describes why wealth taxes are a poor way to raise revenues, as they would undermine growth and generate large‐​scale tax … order to confiscate the wealth of billionaires who they believe have too much polit­ical power. I argue that a wealth tax …Wealth inequality has become a heated political issue. Politicians claim that wealth concentration is rising and that …
Persistent link: https://www.econbiz.de/10012838025
We analyze the long-run optimal combination of wealth and labor tax rates in a model where wealth-to-income ratios and … wealth, and find that a ''realistic'' optimal steady state tax structure includes some taxation of labor, zero taxation of … financial wealth, a housing wealth tax on rich households and a housing wealth subsidy on poor households. These findings are …
Persistent link: https://www.econbiz.de/10012898730