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This paper surveys possible motivations for having a net wealth tax. After giving a short overview over the state of wealth taxation in OECD countries, we discuss both popular arguments for such a tax, as well as economic arguments. It is argued that classical normative principles of taxation...
Persistent link: https://www.econbiz.de/10010957865
on inequality and progressivity become substantially lower when payroll taxes are reduced, which is due to increased work …
Persistent link: https://www.econbiz.de/10011212759
tax. We find that a more progressive income tax does not change inequality in consumption, income, or wealth across the … life cycle, but it does reduce inequality across ability types. In contrast, a wealth tax reduces inequality over the life … cycle, but slightly increases inequality across ability types. Inequality over ability types is greater concern than changes …
Persistent link: https://www.econbiz.de/10011273947
labor are not sufficient to cause unbounded inequality. Only savings rate differences can lead to extreme wealth …
Persistent link: https://www.econbiz.de/10011273952
We study the implications of limited commitment on education and tax policies chosen by benevolent governments. Individual wages are determined by both innate abilities and education levels. Consistent with real world practices, the government can decide to subsidize different levels of...
Persistent link: https://www.econbiz.de/10010833237
Specialized theoretical and empirical research should in principle be embedded in a unified framework that identifies the relevant interactions among different phenomena, enables an appropriate matching of policy instruments to objectives, and grounds normative analysis in individuals' utilities...
Persistent link: https://www.econbiz.de/10012174286
Can taxes on consumption redistribute in developing countries? Contrary to consensus, we show that taxing consumption is progressive once we account for informal consumption. Using household expenditure surveys in 32 countries we proxy for informal consumption using the type of store where...
Persistent link: https://www.econbiz.de/10013465637
coefficient, but is exogenous to any behavioral response. Analyzing the effect of this redistribution index on inequality, I find … personal income. From a political economy perspective, I also find some evidence that more inequality leads states to implement … redistribution and inequality. …
Persistent link: https://www.econbiz.de/10004970062
and reductions in inequality are observed for households with at least one smoker, the overall distributional implications …
Persistent link: https://www.econbiz.de/10005458708
supplier helps taxpayers to avoid their tax liability. I find that lower income inequality as well as a less progressive tax …
Persistent link: https://www.econbiz.de/10005536804