The elasticity of taxable wealth : evidence from Norway
Master thesis
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https://hdl.handle.net/11250/2769992Utgivelsesdato
2021Metadata
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- Master Thesis [4487]
Sammendrag
Using Norwegian administrative household panel data from 2009-16, we investigate the
effects of wealth taxation on taxable wealth. The wealth tax reform of 2014-15 offers a
compelling quasi-experiment, which enables us to isolate the tax rate variations of the
households. We estimate the net-of-tax rate elasticity of taxable wealth to be 2.24 in
aggregate, using a Difference-in-Difference framework. Compared to existing studies from
various countries, our research indicates that the Norwegian taxation of wealth is not very
distortive.