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Poverty traps in Markov models of theevolution of wealth

Blume, Lawrence E.; Durlauf, Steven N.; Lukina, Aleksandra - 2020

deterministic systems, such as looking for multiple peaks in the stationary distribution of states. We develop Markov wealth … processes in which parents' investments in children stochastically determine children's wealth, and consequently their own … others, and that their presence dominates the stationary behavior of the wealth distribution. Typically, mass accumulates …

Persistent link: https://www.econbiz.de/10012179189

Understanding the distribution of wealth at death : a probate based approach

Disslbacher, Franziska; Rapp, Severin - 2024

Persistent link: https://www.econbiz.de/10014631663

A stochastic model of group wealth responses to insurancemechanisms in low-income communities

Henshaw, Kira; Mandjes, Michel; Constantinescu, Corina - In: Scandinavian actuarial journal 2024 (2024) 4, pp. 301-328

Persistent link: https://www.econbiz.de/10014520538

Time for Permanent Estate Tax Reform

Cooper, Jeffrey A. - 2014

On January 1, 2013, the federal estate tax regime in effect from 2001 to 2012 is scheduled to revert to its pre-2001 structure. A 35% rate will soar to a 55% rate. A $5 million exemption will plummet to $1 million. Some deductions and credits enacted in 2001 will disappear while others repealed...

Persistent link: https://www.econbiz.de/10013065476

Taxation of Automation and Artificial Intelligence as a Tool of Labour Policy

Ooi, Vincent - 2019

Rapid developments in automation technology pose a risk of mass displacement of human labour, resulting in the need to support and retrain displaced workers (a negative externality). We propose an “automation tax” that would slow the adoption of automation technology in appropriate...

Persistent link: https://www.econbiz.de/10012894131

Tax Law and the Digital Economy in Singapore

Ooi, Vincent - 2021

This chapter is divided into three main parts: 1) international tax law, 2) domestic tax law, and 3) tax and regulation. The first part deals with the international tax system and the way it has been affected by technology. This part will focus on income tax. Existing rules of nexus,...

Persistent link: https://www.econbiz.de/10013249444

The Taxation of Cryptocurrency Gains

Ooi, Vincent - 2021

Taking Singapore as an example, this article lays out a series of tests for determining whether gains arising from the disposal of cryptocurrencies are trade or business income, “all other income” or capital gains. It also considers the possibility of a presumption that individuals engaging...

Persistent link: https://www.econbiz.de/10013214053

Tax Challenges in Debt Financing Involving Digital Tokens

Ooi, Vincent - 2022

When digital tokens are used in debt finance, one cannot assume that the same orthodox tax treatment will apply. The highly specific nature of tax provisions means that they may apply very differently once digital tokens rather than fiat currency are involved. Through a case study of Singapore...

Persistent link: https://www.econbiz.de/10014077454

An Automation Tax- Adopt With Caution

Ooi, Vincent - 2022

The post highlights three main issues that may result from the rapid and widespread automation of jobs: 1) declining tax revenues; 2) inequitable distribution of gains and losses from automation; and 3) social costs of job displacement, such as social support and retraining programmes for...

Persistent link: https://www.econbiz.de/10014080497

Made Crypto Losses? Don't Assume the Taxman Will Subsidise You

Ooi, Vincent; Hern Kuan, Liu - 2022

The key points we made in the article are as follows:1) One might think that because income from transactions involving cryptocurrencies is taxable, the losses from such transactions would also be deductible. Unfortunately, the situation is not quite so straightforward.2) The key question is...

Persistent link: https://www.econbiz.de/10013403568