disparities are driven primarily by the uneven distribution of the property tax base across the state, while cost differentials …

insights into the role of country-specific shocks in shaping long-run wealth dynamics. This paper presents the first … comprehensive study of wealth and its distribution in Germany since the 19th century. We combine tax and archival data, household … surveys, historical national accounts, and rich lists to analyze the evolution of the German wealth distribution over the long …

determined not only by wealth inequality but also by sectoral reallocation from agriculture to manufacturing. The model shows … that the dynamics of capital accumulation induce a reduction of wealth inequality, which is further accelerated by the … redistributive impact of the bequest tax. Through a standard politico-economic mechanism, wealth equalization pushes toward a reduced …

insights into the role of country-specific shocks in shaping long-run wealth dynamics. This paper presents the first … comprehensive study of wealth and its distribution in Germany since the 19th century. We combine tax and archival data, household … surveys, historical national accounts, and rich lists to analyze the evolution of the German wealth distribution over the long …

insights into the role of country-specific shocks in shaping long-run wealth dynamics. This paper presents the first … comprehensive study of wealth and its distribution in Germany since the 19th century. We combine tax and archival data, household … surveys, historical national accounts, and rich lists to analyze the evolution of the German wealth distribution over the long …

What are the consequences of the preference for wealth for the accumulation of capital and for the dynamics of wealth … inequality? Assuming that wealth per se is a luxury good, inequality tends to rise whenever the interest rate is larger than the … economic growth rate. This induces the economy to converge towards an equilibrium with extreme wealth inequality, where the …

Wealth inequality has become a heated political issue. Politicians claim that wealth concentration is rising and that … people at the top are gaining at other people's expense. In this study, I examine problems with the measurement of wealth and … discuss whether wealth inequality is an issue that public policy needs to address. I also consider the likely effects of …

This paper studies the evolution of modern Swedish wealth taxation since its introduction in 1911 until it was … schedules to characterize effective wealth tax schedules for the period 1911-2006. These rules and schedules are used to … calculate marginal and average wealth tax rates for the whole period for a number of differently endowed owners of family firms …

first empirical estimates of the long-run effects of shocks to property taxation on lifetime wealth accumulation and … the effective tax rates on real estate wealth, plausibly exogenous to the owners and different for each property. We … time. On average, a tax increase that implied a 1% drop in the property price led to a 3.5% decrease in wealth-at-death. We …

What are the consequences of the preference for wealth for the accumulation of capital and for the dynamics of wealth … inequality? Assuming that wealth per se is a luxury good, inequality tends to rise whenever the interest rate is larger than the … economic growth rate. This induces the economy to converge towards an equilibrium with extreme wealth inequality, where the …