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Arthur Apostel

@arthurapostel.bsky.social

Econ PhD student at Ghent University. Inequality, tax & climate. https://arthurapostel.github.io/

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Arthur Apostel@arthurapostel.bsky.social · last yr.

Hoe zijn de vermogens in België verdeeld? Niet-technische (poging tot toch 😉) blogpost voor de Universitaire Stichting Armoedebestrijding. Link: blog.uantwerpen.be/armoede-soci...

Belgische vermogensongelijkheid, 1935-2022 - Armoede en Sociale Uitsluiting

Hoe is vermogen in België verdeeld? En hoe evolueerde de vermogensverdeling door de tijd heen? In deze blogpost bespreekt Arthur Apostel hoe deze vragen beantwoord kunnen worden en wat de resultaten z...

blog.uantwerpen.be

Severin Rapp@severinrapp.bsky.social · 2y ago

Hot off the press by @margitschratz.bsky.social: A review article on the behavioural responses to inheritance taxation. Some takeaways: Real responses are smaller than avoidance, responses are smaller in more recent studies, tax design matters, ... worth a read: www.sciencedirect.com/science/arti...

Behavioral Responses to Inheritance Taxation – A Review of the Empirical Literature

Increasing wealth inequality and concentration, together with the search for options to secure long-term sufficiency of tax systems in face of ageing …

sciencedirect.com

Simon Toussaint@simontoussaint.nl · 2y ago

📯 Job Market Paper Alert 📯 Private businesses make up 50% of sales & profits and are the main wealth component of the wealthiest households. So, what is their value? Well, that's difficult, since they're not listed: their value is unobservable by definition! My #EconJMP tackles this problem 1/

Robust Estimation of Private Business Wealth* Job Market Paper Simon J. Toussaint† November 14, 2024 [Most recent version here] Abstract Estimating the market value of private businesses is essential for understanding both aggregate firm dynamics and top wealth inequality, yet these values are inherently unobservable. This paper introduces an econometric approach that treats the gap between true market values and initial estimates as measurement error. I employ time-series restrictions on these errors as moment conditions within a GMM framework, and use the fitted values from these estimations as error-free estimates of private business wealth and capital stocks. Applying this method to Dutch administrative data linking the universe of firms to their owners, I find that aggregate private business wealth increases by 30% of GDP initially, and is more stable than the unadjusted series. Top 1% and 0.1% wealth shares increase by 3–5 percentage points, peaking at 38% and 20%, respectively. Adjusted returns to firm wealth exhibit a steeper gradient across the wealth distribution than unadjusted returns, consistent with models of return heterogeneity.