Since the 1980s, the United States has witnessed increasing wealth concentration in the hands of the ultra-rich. Measured at the state level, the top 10 percent of income earners amassed roughly 43% of total income, and economic growth only enhanced this inequality between the ultra-rich and the rest of citizens. This paper examines whether social capital plays a positive role in mitigating inc...

We examine preferences for redistribution inherent in Swedish tax policy during 1971–2012 using the inverse optimal tax approach. The income distribution is carefully characterized with the help of administrative register data, and we employ behavioral elasticities reflecting the perceived distortionary effects of taxation. The revealed social welfare weights are high for non-workers, small for...

We analyze optimal income taxes with deductions for work-related or consumptive goods. We consider two cases. In the first case (called a complex tax system) the tax authorities can exactly distinguish between consumptive and work-related expenditures. In the second case (called a simple tax system) this distinction is not exact. Assuming additively separable utility functions, we show that wor...

Close examination of wealth distributions reveal the existence of two distinct power law regimes. The Pareto exponents of the super-rich, identified, for example in rich lists such as provided by Forbes, are smaller than the Pareto exponents obtained for top earners in income data sets. Our extension of the Slanina model of wealth is able to reproduce these double power law features. c © 2008 E...

This paper uses SIPP data matched to longitudinal uncapped earnings records from the Social Security Administration for 1981 to 1999 in order to analyze earnings responses to increases in tax rates and inform discussions about the likely effects of raising the Social Security taxable maximum. The earnings distribution of workers around the current taxable maximum is inconsistent with an annual ...

This paper analyses the relationship between household debt and income inequality in South Africa for period 1980–2021. We use two measures of estimate a vector error correction model (VECM) which includes debt, inequality, other macroeconomic variables. To test robustness our results, single equation models are used, as function factors. employ namely Gini coefficient ratio top bottom earners’...

How does fiscal austerity affect redistributive policies? We document that during episodes, countries tend to increase marginal income tax rates on top earners, but not average earners. then show that, in response an exogenously imposed rule, Italian municipalities local non-linear taxes progressively. They do adjust other policies. College-educated mayors are more likely than less educated imp...

INTRODUCTION Multimorbidity has been linked to elevated healthcare utilization and previous studies have found that socioeconomic status is an important factor associated with multimorbidity. Nonetheless, little is known regarding the impact of multimorbidity and socioeconomic status on healthcare costs and whether inequities in healthcare exist between socioeconomic classes within a universal ...

We investigate how demand for both the financing and provision of redistributive policies is affected by information about immigration poverty. Information has a positive impact on desired tax progressivity among low-income respondents negative one higher income earners. poverty no impact. On side, middle- high-income increase public education expenditure in response to poverty, while reduce sp...