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Inheriting money can be a problem since the new wealth might sap the beneficiaries' incentive to work. Or it could do … of cash. Recent evidence suggests inheritance-related work disincentives can be strong - unexpected inheritances can …
Persistent link: https://www.econbiz.de/10011418681
This paper examines the effect of wealth on labour market behaviour. Providing convincing evidence on this relationship … is challenging since wealth and labour supply may be endogenously determined. We overcome this by looking at wealth … theoretical framework which outlines how an individual's labour market behaviour may be expected to react to a wealth shock under …
Persistent link: https://www.econbiz.de/10011479340
. We reject the inheritance pooling hypothesis, in favour of the intrahousehold approach. Our results suggest that females … decrease their labor force participation by 5.3 percentage points if they have received an unexpected inheritance since the … on the inheritance pooling hypothesis, a pure unitary perspective, may be biased downwards. …
Persistent link: https://www.econbiz.de/10014431783
in wealth, attempting to highlight the paths between the various facets of gender inequality. Throughout the review, much …
Persistent link: https://www.econbiz.de/10014025339
The Carnegie effect (Holtz-Eakin, Joualfaian and Rosen, 1993) refers to the idea that inherited wealth harms recipients …
Persistent link: https://www.econbiz.de/10010518824
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
Die bisherige, überschaubare Literatur zum Arbeitsangebot von Selbständigen ist mangelhaft: Oft fehlt es an einer …
Persistent link: https://www.econbiz.de/10011720946
wealth levels and (ii) indirectly supporting wealth accumulation by impacting interest rates, borrowing, entrepreneurship …, and spending. A unique Danish policy setting allows me to identify intergenerational wealth transfers channeled through …
Persistent link: https://www.econbiz.de/10014472492
bequests as potential determinants of the high level of wealth concentration in the US. Analyzing the joint distribution of …. Nonetheless, concentration of labor earnings is the primary source of wealth concentration in the US. This finding reflects the … high correlation between earnings and wealth in the data, as well as the fact that earnings are a major source of income …
Persistent link: https://www.econbiz.de/10012194632
The inheritance tax is often seen as an effective tool to reduce wealth inequality, to raise public budgets if needed … effects of inheritances on the wealth distribution are evaluated for Germany first and are set into comparison with Austria … is applied to design an inheritance tax reform for Germany. The potential tax revenue of the reform can be estimated by …
Persistent link: https://www.econbiz.de/10012419216