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Wealth Taxation and Wealth Accumulation: Theory and Evidence from Denmark

Jakobsen, Katrine M.; Jakobsen, Kristian; Kleven, Henrik; … - 2018

Using administrative wealth records from Denmark, we study the effects of wealth taxes on wealth accumulation. Denmark 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...

Persistent link: https://www.econbiz.de/10013202229

Capital gains, total returns and saving rates

Hudson, Michael - In: European Journal of Economics and Economic Policies: … 10 (2013) 2, pp. 221-230

To focus on the dynamics of how financial wealth is created, obtained, and valued, this paper (1) distinguishes capital gains from income by measuring total returns, and (2) contrasts the capitalized value of rentier income (rent extraction rights and privileges from land, natural resources, and...

Persistent link: https://www.econbiz.de/10014363176

Macroeconomic adjustment and the history of crises in open economies

Aizenman, Joshua; Noy, Ilan - 2012

This paper investigates the impact of the history of crises on macroeconomic performance. We first study the impact of past banking crises on the probability of a future banking crisis. Applying data for 1980 - 2010 for all countries for which the required information is available, controlling...

Persistent link: https://www.econbiz.de/10010369504

Weaknesses of 'wage-led growth'

Skott, Peter - 2016

The emphasis in post-Keynesian macroeconomics on wage- versus profit- led growth may not have been helpful. The profit share is not an exogenous variable, and the correlations between the pro.t share and economic growth can be positive for some exogenous shocks but negative for others. The...

Persistent link: https://www.econbiz.de/10011788894

Investment in financial literacy and saving decisions

Jappelli, Tullio; Padula, Mario - 2011

We present an intertemporal consumption model of consumer investment in financial literacy. Consumers benefit from such … depreciates over time and has a cost in terms of current consumption, the model determines an optimal investment in literacy. The … aggregate data, we find a strong effect of financial literacy on wealth accumulation and national saving, and also show that …

Persistent link: https://www.econbiz.de/10010308561

What is the Relationship between National Saving and Investment in Latin America and the Caribbean?

Cavallo, Eduardo A.; Pedemonte, Mathieu - 2015

positive and significant correlation between national saving and domestic investment rates in Latin America and the Caribbean … saving, domestic investment increases by 0.39 percentage points on average. There are however, three nuances to the headline … national saving rates remain a binding constraint for capital accumulation in LAC. …

Persistent link: https://www.econbiz.de/10011535724

The impact of temporal framing on the marginal propensity to consume

Pauls, Thomas - 2021

(temporal framing) regarding an imminent positive income shock affects consumption plans. The income shock derives from the … yearly and 10-yearly treatment groups. We will be able to analyze the real consumption behavior of households throughout 2021 …

Persistent link: https://www.econbiz.de/10012436475

World real interest rates : a global savings and investment perspective

Desroches, Brigitte (contributor); … - 2007

Over the past 15 years, long-term interest rates have declined to levels not seen since the 1970s. This paper explores possible shifts in global savings and investment that have led to this fall in the world real interest rate. There are several key findings. First, the authors identify the...

Persistent link: https://www.econbiz.de/10003463047

Investment in financial literacy and saving decisions

Jappelli, Tullio; Padula, Mario - 2011

Persistent link: https://www.econbiz.de/10008856384

Savings and investment correlations in response to monetary policy shocks : new insights into the Feldstein-Horioka puzzle?

Schmidt, Caroline (contributor) - 2006

In this paper, it is argued that the observed high positive correlation between national savings and investment which is found in the data can in part be explained by shocks to monetary policy. This hypothesis, which is established by reviewing some empirical findings, is tested in a two-country...

Persistent link: https://www.econbiz.de/10003387394