This paper critically surveys the large and growing literature estimating the elasticity of
taxable income with respect to marginal tax rates using tax return data. First, we provide a …

This chapter reviews the long-run developments in the distribution of personal income and
wealth. It also discusses suggested explanations for the observed patterns. We try to answer …

Long-term scenarios play an important role in research on global environmental change.
The climate change research community is developing new scenarios integrating future …

This paper analyzes the extent of income inequality from a global perspective, its drivers,
and what to do about it. The drivers of inequality vary widely amongst countries, with some …

The last 50 years has seen a dramatic decline in taxes on the rich across the advanced
democracies. There is still fervent debate in both political and academic circles, however …

In today's social climate of acknowledged and growing inequality, why are there not greater
efforts to tax the rich? In this wide-ranging and provocative book, Kenneth Scheve and David …

Abstract Thomas Piketty's (2013) book, Capital in the 21st Century, follows in the tradition of
the great classical economists, like Marx and Ricardo, in formulating general laws of …

This paper derives optimal top tax rate formulas in a model where top earners respond to
taxes through three channels: labor supply, tax avoidance, and compensation bargaining …

A recent literature has constructed top income shares time series over the long run for more
than twenty countries using income tax statistics. Top incomes represent a small share of the …

It is widely assumed that Americans care little about income inequality, believe opportunities
abound, admire the rich, and dislike redistributive policies. Leslie McCall contends that such …