Showing 1 - 10 of 3,081
Persistent link: https://www.econbiz.de/10014253298
We show how normative standpoints determine optimal taxation of wealth. Since wealth is not equal to capital, we find very different welfare implications of land rent-, bequest- and capital taxation. It is mainly land rents that should be taxed. We develop an overlapping generations model with...
Persistent link: https://www.econbiz.de/10012162503
The growth in wealth and income inequality in recent decades has sparked debate about the impact of inequality on … discussion by demonstrating a causal link between wealth inequality and fairness views. I show that fairness views are set … that inequality may create divergences in views between wealth classes …
Persistent link: https://www.econbiz.de/10013219265
This article reviews the distribution of income and wealth in the US from three basic perspectives that tend to be otherwise overlooked if the subject is framed primarily on the basis of the gross statistics: a) quantity and quality of work effort; b) quantity and quality of capital...
Persistent link: https://www.econbiz.de/10012982965
Inequality in the distribution of wealth may be explained by differences in work effort, ability, savings behavior … importance in wealth inequality of private transfers and differential rates of return on the one hand and differential savings … distribution of income. By concentrating on the difference between income and wealth inequality, the paper controls for the …
Persistent link: https://www.econbiz.de/10014025949
save dynastically and middle income households who save for retirement. We find that inequality is reduced the higher the … efficiency and inequality: middle income households' consumption is maximal at a higher capital tax rate than high income …
Persistent link: https://www.econbiz.de/10010260036
Redistribution and the welfare state have been linked by academic discourse to narratives that portray specific societal groups as 'deserving' or 'undeserving'. The present analysis contributes to this scholarship in a twofold manner. First, it provides a holistic view on the beneficiaries and...
Persistent link: https://www.econbiz.de/10014234221
Some middle-income economies, many of which Latin American, have not achieved to make the transition into high-income status for long years and are allegedly trapped in middle-income status. While there is considerable consensus on the proximate causes of this phenomenon, we present a global...
Persistent link: https://www.econbiz.de/10011957945
research examining the issue has concentrated on international specialization and within-country income inequality as main … that income inequality is perceived very differently depending on openness to trade. The relevance of perceptions has wider …
Persistent link: https://www.econbiz.de/10011870318
investment expensing brings about sizeable output gains and a nontrivial increase in after-tax income inequality. However, it …
Persistent link: https://www.econbiz.de/10014496078