The Library
Behavioural responses to a wealth tax
Tools
Tools
Tools
Advani, Arun and Tarrant, Hannah (2021) Behavioural responses to a wealth tax. Fiscal Studies, 42 (3-4). pp. 509-537. doi:10.1111/1475-5890.12283
|
PDF
WRAP-Behavioural-responses-wealth-tax-2021.pdf - Published Version - Requires a PDF viewer. Available under License Creative Commons Attribution 4.0. Download (278Kb) | Preview |
|
![[img]](http://wrap.warwick.ac.uk/style/images/fileicons/application_pdf.png) |
PDF
WRAP-Behavioural-responses-wealth-tax-2021.pdf - Accepted Version Embargoed item. Restricted access to Repository staff only - Requires a PDF viewer. Download (649Kb) |
Official URL: https://doi.org/10.1111/1475-5890.12283
Abstract
In this paper, we review the existing empirical evidence on how individuals respond to the incentives created by a net wealth tax. Variation in the overall magnitude of behavioural responses is substantial: estimates of the elasticity of taxable wealth vary by a factor of 800. We explore three key reasons for this variation: tax design, context and methodology. We then discuss what is known about the importance of individual margins of response and how these interact with policy choices. Finally, we use our analysis to systematically narrow down and reconcile the range of elasticity estimates. We argue that a well-designed wealth tax would reduce the tax base by 7–17 per cent if levied at a tax rate of 1 per cent.
| Item Type: | Journal Article | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Subjects: | H Social Sciences > HG Finance H Social Sciences > HJ Public Finance H Social Sciences > HV Social pathology. Social and public welfare |
||||||||||||
| Divisions: | Faculty of Social Sciences > Economics | ||||||||||||
| Library of Congress Subject Headings (LCSH): | Wealth tax -- Great Britain, Finance, Personal -- Great Britain, Progressive taxation -- Great Britain, Tax evasion -- Great Britain | ||||||||||||
| Journal or Publication Title: | Fiscal Studies | ||||||||||||
| Publisher: | Wiley-Blackwell Publishing, Inc | ||||||||||||
| ISSN: | 0143-5671 | ||||||||||||
| Official Date: | October 2021 | ||||||||||||
| Dates: |
|
||||||||||||
| Volume: | 42 | ||||||||||||
| Number: | 3-4 | ||||||||||||
| Page Range: | pp. 509-537 | ||||||||||||
| DOI: | 10.1111/1475-5890.12283 | ||||||||||||
| Status: | Peer Reviewed | ||||||||||||
| Publication Status: | Published | ||||||||||||
| Access rights to Published version: | Open Access | ||||||||||||
| RIOXX Funder/Project Grant: |
|
||||||||||||
| Related URLs: |
Request changes or add full text files to a record
Repository staff actions (login required)
 |
View Item |
