Effects of Wealth Taxes

• Název práce v češtině: Efekty daní z bohatství
• Název v anglickém jazyce: Effects of Wealth Taxes
• Klíčová slova: daň z bohatství, nerovnost bohatství, daňová spravedlnost, syntetická kontrolní metoda, daňová progrese, makroekonomické dopady, daňová motivace, únik kapitálu, behaviorální reakce zdaněných osob
• Klíčová slova anglicky: wealth tax, wealth inequality, tax justice, synthetic control method, tax progressivity, macroeconomic effects, tax motivation, capital flight, behavioural aspects of taxed individuals
• Akademický rok vypsání: 2024/2025
• Typ práce: bakalářská práce
• Jazyk práce: angličtina
• Ústav: Institut ekonomických studií (23-IES)
• Vedoucí / školitel: PhDr. Miroslav Palanský, Ph.D.
• Řešitel: skrytý - zadáno vedoucím/školitelem
• Datum přihlášení: 26.06.2025
• Datum zadání: 26.06.2025

Seznam odborné literatury

David R. Agrawal, Dirk Foremny, and Clara Martínez-Toledano. 2025. “Wealth Tax Mobility and Tax Coordination.” American Economic Journal: Applied Economics 2025, 17(1): 402–430. https://doi.org/10.1257/app.20220615

Brülhart, M., Gruber, J., Krapf, M., & Schmidheiny, K. 2022. “Behavioral Responses to Wealth Taxes: Evidence from Switzerland.” American Economic Journal: Economic Policy: 14(1), 1–27. https://doi.org/10.1257/pol.20200370

Jakobsen, K., Jakobsen, K., Kleven, H., & Zucman, G. 2020. “Wealth Taxation and Wealth Accumulation: Theory and Evidence from Denmark.” Quarterly Journal of Economics: 135(1), 329–388. https://doi.org/10.1093/qje/qjz035

Londoño-Vélez, J., & Ávila-Mahecha, J. 2019. “Can Wealth Taxation Work in Developing Countries? Quasi-Experimental Evidence from Colombia.” https://www.iipf.org/papers/WealthTaxation_LondonoVelez_JMP.pdf

Durán-Cabré, J. M., Esteller-Moré, A., & Mas-Montserrat, M. 2019. “Behavioral Responses to the (Re-)Introduction of Wealth Taxes: Evidence from Spain.”. Institut d’Economia de Barcelona Working Paper 2019/04. https://ieb.ub.edu/working_paper/behavioral-responses-to-the-re-introduction-of-wealth-taxes-evidence-from-spain/

Saez, E., & Zucman, G. 2019. “Progressive Wealth Taxation.” Brookings Papers on Economic Activity, Fall 2019, 437–511. https://www.brookings.edu/bpea-articles/progressive-wealth-taxation/

Saez, E., & Zucman, G. 2016. “Wealth Inequality in the United States since 1913: Evidence from Capitalized Income Tax Data.” Quarterly Journal of Economics, 131(2), 519–578.

Bastani, S., & Waldenström, D. 2023. “Taxing the Wealthy: The Choice Between Wealth and Capital Income Taxation.” CEPR VoxEU Column. https://cepr.org/voxeu/columns/taxing-wealthy-choice-between-wealth-and-capital-income-taxation

Saez, E., & Zucman, G. 2019. The Triumph of Injustice: How the Rich Dodge Taxes and How to Make Them Pay. W.W. Norton & Company.

OECD. 2018. The Role and Design of Net Wealth Taxes in the OECD.

OECD. 2013. Tax and Development: What Drives Tax Morale? OECD Publishing

Zucman, G. 2015. The Hidden Wealth of Nations: The Scourge of Tax Havens.

Piketty, T. 2014. Capital in the Twenty-First Century. Harvard University Press.

Levi, M. 1988. Of Rule and Revenue. University of California Press

Předběžná náplň práce

This thesis aims to comprehensively map the diverse landscape of wealth taxes—including real estate taxes—across different countries, analyzing their implications on migration patterns, tax revenues, tax evasion, and the overall progressivity of tax systems. Additionally, it investigates the impact of wealth tax implementation on macroeconomic outcomes, focusing primarily on GDP growth and wealth inequality, while examining how these effects vary depending on institutional design and taxpayer behaviour.

The growing interest in wealth taxation is driven by rising wealth inequality in advanced economies, which challenges social fairness and economic stability. Inspired by the works of Piketty (2014), Saez, and Zucman (2019), this study explores wealth taxes as tools to reduce excessive capital concentration and restore tax justice.

Despite theoretical support, wealth taxes remain marginal in OECD tax revenues, largely due to administrative challenges, valuation complexities, and risks of capital flight. This thesis addresses this empirical gap by applying the Synthetic Control Method (SCM) to estimate the causal effects of wealth tax introduction across selected countries, considering variations in enforcement, tax design, and institutional contexts.

Data from the World Inequality Database and other sources will support a comparative analysis, including econometric modeling, to contrast the pre- and post-implementation situations in countries that have adopted the wealth tax and to compare them with countries that have not. The study aims to provide robust evidence on the impacts of wealth taxation, contributing to policy debates and offering guidance for countries like the Czech Republic contemplating fiscal reform. Through this comparative approach, the research seeks to identify best practices and formulate policy recommendations for countries considering the adoption or reform of wealth taxes.