equilibrium framework with heterogeneous agents and a fiscal structure resembling the actual US tax system. The wealth and income … tax rate decreases inequality in both wealth and income but also leads to a contraction of the aggregate economy. This is …We analyze the macroeconomic implications of increasing the top marginal income tax rate using a dynamic general …

marginal tax rate decreases inequality in both wealth and income but also leads to a contraction of the aggregate economy. This …We analyze the macroeconomic implications of increasing the top marginal income tax rate using a dynamic general … equilibrium framework with heterogeneous agents and a fiscal structure resembling the actual U.S. tax system. The wealth and …

redistributive effects and progressivity of personal income taxes is differentiated among countries. On the one hand, it reduces the …Although the effect of fiscal drag is well studied in the industrialized world, empirical evidence from developing … economies remains limited. Against this backdrop, this study aims to explore the effect of fiscal drag on income distribution …

personal income tax schedule for 2023 and 2024 as part of broader tax reforms set forth in its Medium-Term Revenue Strategy …. This study examines the fiscal and distributional effects of the personal income tax changes, employing a newly-created tax …-benefit microsimulation model for Rwanda. Specifically, we compare the reform to a business-as-usual scenario with the previous income tax …

The idea of higher wealth taxes to finance the mounting public debt in the wake of the financial crises is gaining …. Since net wealth is strongly concentrated, the capital levy could raise substantial revenue, even if relatively high … ground in several OECD countries. We evaluate the revenue and distributional effects of a one-time capital levy on personal …

Thomas Piketty's Capital in the Twenty-First Century is the most widely discussed work of economics in recent history … reasons for Capital's phenomenal success, followed by the published reviews of Nobel laureates Robert Solow and Paul Krugman … contributors ask whether Piketty said enough about power, slavery, and the complex nature of capital. Laura Tyson and Michael …

Thomas Piketty’s Capital in the Twenty-First Century is the most widely discussed work of economics in recent history … Capital’s phenomenal success, followed by the published reviews of Nobel laureates Paul Krugman and Robert Solow. The rest of … ask whether Piketty said enough about power, slavery, and the complex nature of capital. Laura Tyson and Michael Spence …

aimed at reducing income inequality, which cover a very broad span but include major changes to the income tax and social … these tax, transfer and minimum wage reforms on income inequality and poverty based on a microsimulation approach using … EUROMOD. The reforms involve a significantly more progressive income tax structure, a major increase in the minimum wage to …

, granting a universal basic income (UBI) to everyone. We have calculated two scenarios: one in which the benefit system is … replaced by a basic income, and another in which retirement pensions are maintained, with the rest of monetary benefits being …

This paper studies the effects of quantitative easing on income and wealth of individual euro area households. The … which key variables affecting household income and wealth are included, such as the unemployment rate, wages, interest rates …-form simulation on micro data from the Household Finance and Consumption Survey, capturing the income composition, the portfolio …