Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/145001
Authors: 
Brülhart, Marius
Gruber, Jonathan
Krapf, Matthias
Schmidheiny, Kurt
Year of Publication: 
2016
Series/Report no.: 
CESifo Working Paper 5966
Abstract: 
We study the effects of wealth taxation on reported wealth. Our analysis is based on data for Switzerland, which has the highest rate of annual wealth taxation in the developed world. While the wealth tax base is defined at the federal level, tax rates vary considerably across locations and over time. We use aggregate data on wealth holdings by canton and individual-level data for the canton of Bern. Our estimated behavioral elasticities substantially exceed those of the taxable income literature. We also find that taxpayers bunch below the tax threshold, that observed responses are driven by changes in wealth holdings rather than mobility, and that financial wealth is somewhat more responsive than non-financial wealth.
Subjects: 
wealth taxation
behavioral responses
Switzerland
JEL: 
H63
H73
Document Type: 
Working Paper

Files in This Item:
File
Size





Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.