This paper investigates the dynamic effects of tax changes on the cross-sectional distribution of disposable income in the United States using a narrative identification approach. I distinguish between changes in personal and corporate income taxes and quantify the distributional effects on families and business owners. I document that tax changes affect incomes along the distribution differently and ...
Im Verlauf des 20. Jahrhunderts haben Regierungen die Regulierung von Mietpreisen häufig eingesetzt, um insbesondere in Krisenzeiten auch bei knappem Wohnraum Mieten bezahlbar zu halten. Bisherige Forschung hat gezeigt, dass diese Regulierung allerdings mit gesamtgesellschaftlichen Wohlstandsverlusten, Misallokation am Markt und anderen unerwünschten Nebeneffekten wie sinkendem Wohnungsangebot und ...
Over the course of the 20th century, governments have frequently used rent control to keep rents affordable, especially in times of crisis when housing is scarce. Existing research shows that rent control has undesirable side effects, such as overall societal welfare losses, market misallocation, a declining housing supply, and lower mobility. However, there has been little research examining the effect ...
Rent control is a highly debated social policy that has been omnipresent since World War I. Since 2010s, it has been experiencing a true renaissance, for many cities and countries facing housing shortage are desperately looking for solutions of the chronic housing shortage and direct their attention to controlling housing rents and to other restrictive policies. Is rent control useful or does it create ...
DIW-Studie untersucht erstmals zyklische Änderungen bei der Einkommensverteilung in Deutschland – Ungleichheit schwankt temporär parallel zum Konjunkturzyklus: Sie sinkt in Krisenzeiten und nimmt in Aufschwüngen wieder zu – Schwankungen sind vor allem den Gewinnen und Verlusten ganz hoher Einkommen geschuldet – Wirtschaftspolitische Maßnahmen mildern Einbußen ...
Political measures at the level of the European Union are intended, among other things, to ensure the stability of the economic and monetary union. This includes, for example, the establishment of the European Recovery Fund, which can be a first step towards a fiscal union in the Eurozone. The project examines how these, and other economic policy measures affect inequality between households. The...