Essays on wealth distribution and tax reform

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dc.contributor.advisorZodrow, George R.en_US
dc.contributor.advisorMieszkowski, Peteren_US
dc.contributor.advisorDiamond, John W.en_US
dc.creatorTung, Joyce Chia-Hsingen_US
dc.date.accessioned2009-06-03T21:13:24Zen_US
dc.date.available2009-06-03T21:13:24Zen_US
dc.date.issued2007en_US
dc.description.abstractThe first essay applies a panel approach to investigate household wealth accumulation and distribution across lifetime income groups for all existing cohorts. Differentiating lifetime income groups with self-reported wages from the Panel Study of Income Dynamics and imputing missing pension values with multiple-imputation procedure improves previous estimates of lifetime wealth profiles. The findings suggest a very wide dispersion in the distribution of accumulated wealth both across and within lifetime earnings groups. The second essay reviews different methods of modeling the foreign sector and assesses the ways in which the estimated effects of a fundamental tax reform might be altered when different specifications of the foreign sector are utilized. The last essay employs a dynamic overlapping-generations lifecycle computable general equilibrium (LC-CGE) model to evaluate various macroeconomic effects of a Flat Tax reform in a large open economy setting. Simulation results indicate the welfare gains of a Flat Tax reform in a large open economy are about 15-20 percent larger than in a closed economy model with similar structural settings and parameter values. Access to international capital market provides an additional channel through which the domestic economy can expand its capital stock and investment. Also, potential declines in the values of the two non-corporate non-housing sectors during transition could be significant.en_US
dc.format.extent178 p.en_US
dc.format.mimetypeapplication/pdfen_US
dc.identifier.callnoTHESIS ECON. 2005 TUNGen_US
dc.identifier.citationTung, Joyce Chia-Hsing. "Essays on wealth distribution and tax reform." (2007) Diss., Rice University. <a href="https://hdl.handle.net/1911/20659">https://hdl.handle.net/1911/20659</a>.en_US
dc.identifier.urihttps://hdl.handle.net/1911/20659en_US
dc.language.isoengen_US
dc.rightsCopyright is held by the author, unless otherwise indicated. Permission to reuse, publish, or reproduce the work beyond the bounds of fair use or other exemptions to copyright law must be obtained from the copyright holder.en_US
dc.subjectEconomicsen_US
dc.titleEssays on wealth distribution and tax reformen_US
dc.typeThesisen_US
dc.type.materialTexten_US
thesis.degree.departmentEconomicsen_US
thesis.degree.disciplineSocial Sciencesen_US
thesis.degree.grantorRice Universityen_US
thesis.degree.levelDoctoralen_US
thesis.degree.nameDoctor of Philosophyen_US
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