Fiscal StudiesVolume 42, Issue 3-4 p. 387-387 TITLE PAGEFree Access Special on a Wealth Tax: Time for Another Look? Arun Advani, AdvaniSearch more papers by this authorHelen Miller, Helen MillerSearch authorAndy Summers, Andy SummersSearch author First published: 25 October 2021 https://doi.org/10.1111/1475-5890.12292AboutPDF ToolsRequest permissionExport citationAdd to favoritesTrack citation ...

This paper analyses the European Commission's assessment of investment needs as implied by EU's Paris commitment. We find that official estimates green gap until 2050 are likely to seriously understate actual required. Against this backdrop, we assess potential a wealth tax close gap. In doing so, first provide detailed estimate distribution across 22 EU member countries and then develop micros...

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 not a life-cycle model. A competitive firm produces a single good from labor and capital; the rate of return to capital and the wage rate are market-clearing...

This article proposes a model to estimate the wealth of richest groups in society and design an efficient tax system. For implementation issues, it reviews comparative international experience provides analytical discussion effects tax, reviewing main criticisms that orthodox economists have levelled against it. The methodology used calculate involves first-order approximations Pareto criteria ...

The Rodney L. White Center for Financial Research is one of the oldest financial research centers in the country. It was founded in 1969 through a grant from Oppenheimer & Company in honor of its late partner, Rodney L. White. The Center receives support from its endowment and from annual contributions from its Members. The Center sponsors a wide range of financial research. It publishes a work...

Abstract Fuelled by increasing inequality and rising fiscal deficits, the interest in wealth taxation has grown over recent years, both public debate academia. A key concern is that tax may reduce amount of capital available to closely held firms drag down their employment. Yet knowledge about behavioural effects a limited. almost construction imperfect, as value some assets unobserved. In part...

We examine the unique nature of agency problems within publicly traded family firms by investigating the earnings management decision of dominant family owners relative to nonfamily. To do so, we draw upon literature demonstrating that family owners are loss averse with respect to the family’s socioemotional wealth (SEW), or the affective endowment derived from firm ownership and control. Our t...

Previous studies have described various associations between tax policy and health. Here we propose a unifying conceptual framework of 'Five R's' to stimulate awareness about the importance of tax to health improvement. First, tax can improve representation and democratic accountability, and help make governments more responsive to the needs of its citizens. Second, tax can create a revenue str...

Under what conditions does, or should, a collective of rational individuals support the imposition of a binding constraint on their own collective action? Our innovation is to allow citizen-taxpayers in a standard political economy model to be risk-averse and uncertain about the future average cost of the collective good, their own future income or wealth, and the future distribution of the tax...

In many economies, wealth is strikingly concentrated. Entrepreneurs--individuals with ownership in for-profit enterprises--comprise a large portion of the wealthiest individuals, and their behavior may help explain patterns in the national distribution of wealth. Entrepreneurs are less diversified and more heavily invested in their own companies than is commonly assumed in economic models. We p...