Data and Code for: Wealth Tax Mobility and Tax Coordination

Principal Investigator(s): View help for Principal Investigator(s) David R. Agrawal, University of Kentucky; Dirk Foremny, Universitat de Barcelona; Clara Martínez-Toledano, Imperial College London

Version: View help for Version V1

Name	File Type	Size	Last Modified
FINAL_AEJ_OCT23			06/11/2024 11:43:AM

Project Citation:

Agrawal, David R. , Foremny, Dirk, and Martínez-Toledano, Clara. Data and Code for: Wealth Tax Mobility and Tax Coordination. Nashville, TN: American Economic Association [publisher], 2024. Ann Arbor, MI: Inter-university Consortium for Political and Social Research [distributor], 2024-12-18. https://doi.org/10.3886/E194301V1

Project Description

Summary: We study the effects of decentralized wealth taxation on mobility and the effectiveness of tax coordination at mitigating tax competition. We exploit the reintroduction of the Spanish wealth tax, after which all regions except Madrid levied positive tax rates. We find the mobility responses to wealth taxes are within the range of prior estimates with respect to income taxes. However, wealth tax mobility responses generate losses to personal income tax revenues that are six times larger than the direct losses to wealth taxes. Madrid could achieve higher total regional revenues by agreeing to a harmonized positive tax rate.

Scope of Project

Subject Terms: Wealth Taxes; Mobility; Fiscal Decentralization; Tax Coordination; Fiscal Federalism

JEL Classification:
      E21 Macroeconomics: Consumption; Saving; Wealth
      H24 Personal Income and Other Nonbusiness Taxes and Subsidies; includes inheritance and gift taxes
      H31 Fiscal Policies and Behavior of Economic Agents: Household
      H73 State and Local Government; Intergovernmental Relations: Interjurisdictional Differentials and Their Effects
      J61 Geographic Labor Mobility; Immigrant Workers
      R23 Urban, Rural, Regional, Real Estate, and Transportation Economics: Regional Migration; Regional Labor Markets; Population; Neighborhood Characteristics

Geographic Coverage: Spain

Time Period(s): 1/1/2006 – 12/31/2016

Universe: Wealth tax payers in Spain

Data Type(s): administrative records data; aggregate data

Methodology

Data Source: see readme

Unit(s) of Observation: Individual

Geographic Unit: Spain (Autonomous Communities)

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Published Versions

V1 [2024-12-18]

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