Investment timing effects of wealth taxes under uncertainty and irreversibility
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DOI: 10.1007/s11573-018-0918-4
Abstract: We analyze the impact of wealth taxes on investment timing decisions under uncertainty and irreversibility by employing a real options model of the Dixit/Pindyck type. Considering that wealth taxes have been (re-)introduced or are under… read more here.
Keywords: tax; investment; wealth tax; timing ... See more keywords
Does a global wealth tax reduce inequality? When Piketty meets Mankiw
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DOI: 10.1016/j.rie.2020.02.004
Abstract: Abstract We investigate the effects of a wealth tax on consumption and wealth inequality in a standard small open economy model featuring labour income heterogeneity. We show that consumption inequality and wealth inequality are identical… read more here.
Keywords: wealth tax; global wealth; wealth; tax reduce ... See more keywords