Daniel Waldenström is professor of economics affiliated to the Paris School of Economics and the Research Institute of Industrial Economics (IFN). He received his Ph.D. in economics from the Stockholm School of Economics in 2003 and thereafter worked as visiting assistant professor at UCLA and Global Fellow at the UCLA International Institute 2003-2004. In 2009 Waldenström gained his second Ph.D., in economic history, at Lund University.

Waldenström's research concerns a broad range of topics related to income and wealth distribution, intergenerational mobility, and taxation. He has published papers on the long-run evolution of top income shares and wealth concentration, and on historical financial development. Among his most recent studies are empirical analyses of intergenerational top income mobility and of life cycle tax progressivity in Sweden.

He joined IZA as a Research Fellow in October 2011.

Filter

Publications

IZA Discussion Paper No. 11475

This paper presents a comprehensive analysis of the role of capital taxation in advanced economies with a focus on the Swedish experience. We synthesize the existing theoretical literature, present facts about the capital stock and its distribution, review current capital tax practices and empirical findings regarding their effects on economic...

IZA Discussion Paper No. 10762

We estimate trends in global earnings dispersion across occupational groups using a new database covering 66 developed and developing countries between 1970 and 2015. Our main finding is that global earnings inequality has declined, primarily during the 2000s, when the global Gini coefficient dropped nearly 10 points and the earnings...

IZA Discussion Paper No. 10667
Enrico Rubolino, Daniel Waldenström

We compile data spanning the period 1900–2014 and up to 30 countries to study long-run patterns in the tax elasticity of top incomes. Our results show that top tax elasticities vary tremendously over time; they were medium-to-low before 1950, virtually zero during the postwar era up to 1980 and have...

IZA Discussion Paper No. 10666
Enrico Rubolino, Daniel Waldenström

We study the link between tax progressivity and top income shares. Using variation from large-scale Western tax reforms in the 1980s and 1990s and the novel synthetic control method, we find large and lasting boosting impacts on top income shares from the progressivity reductions. Effects are largest in the very...

IZA Discussion Paper No. 10126

This study estimates intergenerational correlations in mid-life wealth across three generations, and a young fourth generation, and examines how much of the parent-child association that can be explained by inheritances. Using a Swedish data set we find parent-child rank correlations of 0.3–0.4 and grandparents-grandchild rank correlations of 0.1–0.2. Conditional on...

IZA Discussion Paper No. 9902

This paper presents new estimates of wealth inequality in Sweden during 2000–2012, linking wealth register data up to 2007 and individually capitalized wealth based on income and property tax registers for the period thereafter when a repeal of the wealth tax stopped the collection of individual wealth statistics. We find...

IZA Discussion Paper No. 9839

We use new population-wide register data on inheritances and wealth in Sweden to estimate the causal impact of inheritances on wealth inequality. We find that inheritances reduce relative wealth inequality (e.g., the Gini coefficient falls by 5–10 percent) but that absolute dispersion increases. Examining different parts of the wealth distribution,...

IZA Discussion Paper No. 9684
Julia Tanndal, Daniel Waldenström

This study estimates the impact of financial deregulation on top income shares. Using the novel econometric method of constructing synthetic control groups, we show that the "Big Bang"-deregulations in the United Kingdom in 1986 and Japan 1997-1999 increased the share of pre-tax incomes going to top earners by over 20...

IZA Discussion Paper No. 9581

This paper investigates the relationship between the capital share in national income and personal income inequality over the long run. Using a new historical cross-country database on capital shares in 19 countries and data from the World Wealth and Income Database, we find strong long-run links between the aggregate role...

IZA Discussion Paper No. 9408

This paper uses new data on Swedish national wealth over a period of two hundred years to study whether the patterns in wealth-income ratios previously found by Piketty and Zucman (2014) for some very rich and large Western economies extend to smaller countries that were historically backward and developed a...

Type
Display
Type