NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH
loading...

Taxing Wealth: Evidence from Switzerland

Marius Brülhart, Jonathan Gruber, Matthias Krapf, Kurt Schmidheiny

NBER Working Paper No. 22376
Issued in June 2016
NBER Program(s):Aging, Public Economics

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.

download in pdf format
   (887 K)

email paper

The NBER Bulletin on Aging and Health provides summaries of publications like this.  You can sign up to receive the NBER Bulletin on Aging and Health by email.

Machine-readable bibliographic record - MARC, RIS, BibTeX

Document Object Identifier (DOI): 10.3386/w22376

Users who downloaded this paper also downloaded* these:
Horton and Zeckhauser w22386 The Causes of Peer Effects in Production: Evidence from a Series of Field Experiments
Amador, Bianchi, Bocola, and Perri w22298 Reverse Speculative Attacks
Eggertsson and Proulx w22243 Bernanke's No-arbitrage Argument Revisited: Can Open Market Operations in Real Assets Eliminate the Liquidity Trap?
Gorton and Tallman w22036 How Did Pre-Fed Banking Panics End?
Eggertsson, Mehrotra, and Summers w22172 Secular Stagnation in the Open Economy
 
Publications
Activities
Meetings
NBER Videos
Themes
Data
People
About

National Bureau of Economic Research, 1050 Massachusetts Ave., Cambridge, MA 02138; 617-868-3900; email: info@nber.org

Contact Us