Showing 91 - 100 of 17,691
The article begins by documenting deep inequality in the form of Black-White wealth disparities: While the overall … wealth distribution in the United States is highly unequal from both historical and international perspectives, racial wealth … inequality to current inheritance law. It then confronts this inequality as a civil rights issue in terms of its social effects …
Persistent link: https://www.econbiz.de/10013133052
the sum of inheritance received between 1996-2004 contributed to the observed trends in wealth accumulation and wealth … significant inheritors started with low initial wealth (and this was true within each age group). Inheritance in the period …In this paper we examine how the distribution of wealth has been changing in UK over the period 1995 to 2005 and how …
Persistent link: https://www.econbiz.de/10013119967
jettisoned.In this comment, I shall take issue with both Professor McCready (“The Case against Wealth Taxation”) and Dean Maloney … (“The Case Against Wealth Taxation: A Reply”), which is, in effect, an attempt to make the case for wealth taxation. My …
Persistent link: https://www.econbiz.de/10013122744
This paper studies wealth taxation in a heterogeneous agent economy with entrepreneurship. Entrepreneurs face borrowing … dataset on household wealth, I show that this possibility for entrepreneurs to sell their firm is crucial to simultaneously … account for both the stylized facts of the wealth distribution and year-to-year changes in wealth. In a subsequent policy …
Persistent link: https://www.econbiz.de/10013098221
households' relative wealth position show that, on average, having received an inheritance lifts a household by about 14 net …Using microdata from the Household Finance and Consumption Survey (HFCS), this study examines the role of inheritance …, income and welfare state policies in explaining differences in household net wealth within and between euro area countries …
Persistent link: https://www.econbiz.de/10013014961
Using Danish administrative data, we estimate the impact of bequests on the level and inequality of wealth. We employ … an event study design where we follow the distribution of wealth over time of people who are 45-50 years old, and divide … the average post-bequest wealth 1-3 years after parental death and significantly affect wealth throughout the distribution …
Persistent link: https://www.econbiz.de/10013001196
The theory of functional equations is used to clarify the relationship between equilibrium distributions of wealth and … within a simple model of inheritance …
Persistent link: https://www.econbiz.de/10012772663
We study how attitudes to inheritance taxation are influenced by information about the role of inherited wealth in … inherited wealth could be one explanation behind the relatively marginalized role of inheritance taxation in developed economies … aggregate importance of inherited wealth and its link to inequality of opportunity significantly increases the support for …
Persistent link: https://www.econbiz.de/10012892104
affected by inheritance distribution. The relative attraction derived from inherited wealth and acquired human capital in …As the importance of capital is resurging in rich countries, the dynamics of wealth inequality are being increasingly …, covering both labor income and inheritance. This paper studies the concentration and substitutability of these two traits in …
Persistent link: https://www.econbiz.de/10012898443
Between 1953 and 1985 India implemented various progressive taxes on personal wealth. I use estate tax returns to … compute top wealth shares (top 1%, top 0.1% and top 0.01%) over 1966- 1985; a period marked explicitly by a dirigiste policy … environment. These new series suggest that wealth concentration in India reduced substantially during the 1970s. Although the …
Persistent link: https://www.econbiz.de/10012898790