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In a recent representative survey, German citizens are asked whether or not inherited wealth beyond a certain amount … this fundamental opposition against the taxation of inherited wealth. We find monetary self-interest and redistributive …-term care. Being at the heart of intra-familial exchange relations, women are more likely to oppose wealth transfer taxation …
Persistent link: https://www.econbiz.de/10011546290
from housing price increases. The capital gains from bond price increases (relative to household net wealth) do not … correlate with household net wealth (or income). Bond price increases thus leave net wealth inequality largely unchanged. In … contrast, equity price increases largely benefit the top end of the net wealth (and income) distribution, thus amplify net …
Persistent link: https://www.econbiz.de/10011491938
Research on wealth inequality usually focuses on real and financial assets, while pension wealth – the present value of … and, thus, should be accounted for in peoples’ wealth portfolios. Using novel data from the Socio Economic Panel (SOEP …), we show the incidence, relevance, and distribution of individual pension wealth, net worth, and augmented wealth (the sum …
Persistent link: https://www.econbiz.de/10011509132
) that tracks the same individuals over time to assess how individuals from different income and wealth groups respond to … life and financial shocks with respect to volunteering. Although both income and wealth can act as buffers against life …
Persistent link: https://www.econbiz.de/10010459882
The Household Finance and Consumption Survey (HFCS) provides information about household wealth (real and financial …
Persistent link: https://www.econbiz.de/10010438032
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 … net wealth tax. The efficiency-related effects are also discussed and shown to be theoretically ambiguous, while empirical …
Persistent link: https://www.econbiz.de/10009674939
Retirement wealth is often viewed as a great equalizer, offsetting the inequality in standard household net worth. One … Board's Survey of Consumer Finances, I find that retirement wealth (the sum of pension and Social Security wealth) had a … considerably weaker offsetting effect on wealth inequality in 2001 than in 1983. Whereas standard net worth inequality increased …
Persistent link: https://www.econbiz.de/10003229780
generates wealth heterogeneity that matches the empirical data, the improved model can provide a sensible analysis of economic … questions like "What might the consumption response be to economic stimulus payments?" -- Microfoundations ; Wealth Inequality …
Persistent link: https://www.econbiz.de/10009535933
received a wealth transfer and these accounted for 23 percent of their net worth. Over the lifetime, about 30 percent of … households could expect to receive a wealth transfer and these would account for close to 40 percent of their net worth near time … reporting a wealth transfer fell by 2.5 percentage points. The average value of inheritances received among all households did …
Persistent link: https://www.econbiz.de/10013130151
of wealth distribution very similar in shape to what had been seen in the earlier cross sections. Between the two years …, however, there was considerable variation in the relative positions of households within the wealth distribution. This paper … presents data on the changed situation of households and it decomposes the observed wealth changes in terms of underlying …
Persistent link: https://www.econbiz.de/10013118410