[HTML][HTML] Saving and wealth inequality

M De Nardi, G Fella - Review of Economic Dynamics, 2017‏ - Elsevier
Why are some people wealthy while others are poor? To what extent can governments affect
inequality? Which instruments should they use? Answering these questions requires …

Rethinking capital and wealth taxation

T Piketty, E Saez, G Zucman - Oxford Review of Economic …, 2023‏ - academic.oup.com
This paper reviews recent developments in the theory and practice of optimal capital
taxation. We emphasize three main rationales for capital taxation. First, the frontier between …

Progressive wealth taxation

E Saez, G Zucman - Brookings Papers on Economic Activity, 2019‏ - muse.jhu.edu
This paper discusses the progressive taxation of household wealth. We first discuss what
wealth is, how it is distributed, and how much revenue a progressive wealth tax could …

Use it or lose it: Efficiency and redistributional effects of wealth taxation

F Guvenen, G Kambourov, B Kuruscu… - … Quarterly Journal of …, 2023‏ - academic.oup.com
How does wealth taxation differ from capital income taxation? When the return on
investment is equal across individuals, a well-known result is that the two tax systems are …

Macroeconomics and household heterogeneity

D Krueger, K Mitman, F Perri - Handbook of macroeconomics, 2016‏ - Elsevier
The goal of this chapter is to study how, and by how much, household income, wealth, and
preference heterogeneity amplify and propagate a macroeconomic shock. We focus on the …

Optimal taxation in theory and practice

NG Mankiw, M Weinzierl, D Yagan - Journal of Economic Perspectives, 2009‏ - aeaweb.org
The optimal design of a tax system is a topic that has long fascinated economic theorists and
flummoxed economic policymakers. This paper explores the interplay between tax theory …

A simpler theory of optimal capital taxation

E Saez, S Stantcheva - Journal of Public Economics, 2018‏ - Elsevier
This paper develops a theory of optimal capital taxation that expresses optimal tax formulas
in sufficient statistics. We first consider a simple model with utility functions linear in …

[PDF][PDF] Consumption, savings, and the distribution of permanent income

L Straub - Unpublished manuscript, Harvard University, 2019‏ - economics.yale.edu
Rising inequality in the permanent component of labor income, henceforth permanent
income, has been a major force behind the secular increase in US labor income inequality …

Profit shifting before and after the Tax Cuts and Jobs Act

KA Clausing - National Tax Journal, 2020‏ - journals.uchicago.edu
In recent years, profit shifting by multinational companies (MNCs) has generated substantial
revenue costs to the US government. The Tax Cuts and Jobs Act (TCJA) changed US …

Quantitative macroeconomics with heterogeneous households

J Heathcote, K Storesletten, GL Violante - Annu. Rev. Econ., 2009‏ - annualreviews.org
Macroeconomics is evolving from the study of aggregate dynamics to the study of the
dynamics of the entire equilibrium distribution of allocations across individual economic …