income. We argue that instead of using yearly income, one should measure wealth tax burdens with respect to individual … concept can be established. Under our preferred income concept, the wealth tax shows advantageous distributional effects - it …Recent books by Thomas Piketty (Piketty, 2014) and Anthony Atkinson (Atkinson, 2015) have brought the annual wealth tax …

This paper presents a comprehensive analysis of the role of capital taxation in advanced economies with a focus on the … Swedish experience. We synthesize the existing theoretical literature, present facts about the capital stock and its … distribution, review current capital tax practices and empirical findings regarding their effects on economic activity. The paper …

intergenerational data from Norway, focusing on effects on wages rather than capital income. Results suggest that a net wealth of NOK 1 …Does parental wealth inequality impact next generation labor income inequality? And does a tax on parental wealth … affect the labor income distribution of the next generation? We tackle both questions empirically using detailed …

We show how normative standpoints determine optimal taxation of wealth. Since wealth is not equal to capital, we find … very different welfare implications of land rent-, bequest- and capital taxation. It is mainly land rents that should be … functions based on money-metric utility, high land rent taxes are optimal due to a portfolio effect. Third, if society …

striking differences across cantons, both in levels and trends. Combining this with variation in cantonal wealth taxes, we then …Like in many other countries, wealth inequality has increased in Switzerland over the last fifty years. By providing … new evidence on cantonal top wealth shares for each of the 26 cantons since 1969, we show that the overall trend masks …

this return inequality? I study capital taxation in an economy in which return rates endogenously correlate with wealth … returns. Therefore, standard elasticity measures that determine the responsiveness of capital to taxes must be revised upwards … conventional wisdom, rather than calling for more redistribution, the presence of this scale dependence provides a rationale for …

What are the consequences of the preference for wealth for the accumulation of capital and for the dynamics of wealth … progressive wealth taxation prevents wealth from being held by people with high saving rates. This permanently reduces the capital … inequality? Assuming that wealth per se is a luxury good, inequality tends to rise whenever the interest rate is larger than the …

reduce the tax rate on capital income. The third model introduces differential rates of return to capitals of different sizes …We calibrate a sequence of four nested models to study the dynamics of wealth accumulation. Individuals maximize a … utility function whose arguments are consumption and investment. They desire to accumulate wealth for its own sake - this is …

We study international migration responses of the super-rich to taxes using UK administrative data and a difference …-in-differences design. We exploit a reform that removes access to a tax break on foreign income for foreigners based on their number of … years in the UK, allowing us to compare individuals with similar incomes and wealth. The reform reduces the net-of-tax rate …

income and wealth. We are the first to evaluate this policy-similar to "non-dom" taxation that exists in other countries like … magazine to gain new insights on the structure and dynamics of top wealth in Switzerland. Using this data allows us study the … literature. First, we present a number of new facts on the wealth elite in Switzerland. We show that about 60% of the super …