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Elinder, Mikael
Publications (10 of 28) Show all publications
Elinder, M., Erixson, O. & Waldenstrom, D. (2018). Inheritance and wealth inequality: Evidence from population registers. Journal of Public Economics, 165, 17-30
Open this publication in new window or tab >>Inheritance and wealth inequality: Evidence from population registers
2018 (English)In: Journal of Public Economics, ISSN 0047-2727, E-ISSN 1879-2316, Vol. 165, p. 17-30Article in journal (Refereed) Published
Abstract [en]

This paper uses population register data on inheritances and wealth in Sweden to estimate the causal impact of inheritances on wealth inequality. We find that inheritances reduce wealth inequality, as measured by the Gini coefficient or top wealth shares, but that they increase absolute dispersion. This duality in effects stems from the fact that even though richer heirs inherit larger amounts, the relative importance of the inheritance is larger for less wealthy heirs, who inherit more relative to their pre-inheritance wealth. This is in part driven by the fact that heirs do not inherit debts, which makes the distribution of inheritances more equal than the distribution of wealth among the heirs. Behavioral adjustments seem to mitigate the equalizing effect of inheritances, possibly through higher consumption among the poorer heirs. Inheritance taxation counteracts the equalizing inheritance effect, but redistribution of inheritance tax revenues can reverse this result and make the inheritance tax equalizing. Finally, we also find that inheritances increase intragenerational wealth mobility, but the effect is short-lived.

Keywords
Bequests, Estates, Net worth, Inheritance taxation, Wealth distribution
National Category
Economics
Identifiers
urn:nbn:se:uu:diva-369002 (URN)10.1016/j.jpubeco.2018.06.012 (DOI)000447483600002 ()
Funder
Swedish Research Council, VR 446-2013-8058
Available from: 2018-12-14 Created: 2018-12-14 Last updated: 2018-12-14Bibliographically approved
Elinder, M., Escobar, S. & Petré, I. (2017). Consequences of a price incentive on free riding and electric energy consumption. Proceedings of the National Academy of Sciences of the United States of America, 114(12), 3091-3096
Open this publication in new window or tab >>Consequences of a price incentive on free riding and electric energy consumption
2017 (English)In: Proceedings of the National Academy of Sciences of the United States of America, ISSN 0027-8424, E-ISSN 1091-6490, Vol. 114, no 12, p. 3091-3096Article in journal (Refereed) Published
Abstract [en]

This article shows that a simple monetary incentive can dramatically reduce electric energy consumption (EEC) in the residential sector and simultaneously achieve a more desirable allocation of EEC costs. The analyses are based on data from a policy experiment conducted in 2011 and 2012 by a private housing company in about 1,800 apartments. Roughly 800 of the tenants (treatment group) were subject to a change from having unlimited EEC included in their rent to having to pay the market price for their own EEC. This change was achieved by installing EEC meters in each apartment. Tenants in the other 1,000 apartments (control group) experienced no policy change and were subject to apartment-level billing and metering during the entire study period. Using a quasiexperimental research design and daily data on EEC from 2007 to 2015, we estimate that apartment-level billing and metering permanently reduce EEC by about 25%. Moreover, we show that households reduce EEC immediately after being informed that they will be billed for EEC, the reduction is larger when the production cost is higher, and the reduction in EEC comes almost exclusively from households with very high EEC before the policy change. Finally, we show that apartment-level billing and metering are cost-effective, with a cost per reduced kilowatt hour of US$0.01, and for each invested dollar, the social value of reductions in air pollution, including CO2 emissions, is $2.

Place, publisher, year, edition, pages
NATL ACAD SCIENCES, 2017
Keywords
sub metering, environment, smart meters, energy conservation, quasiexperiment
National Category
Economics and Business
Identifiers
urn:nbn:se:uu:diva-319527 (URN)10.1073/pnas.1615290114 (DOI)000396893600055 ()28265092 (PubMedID)
Funder
The Jan Wallander and Tom Hedelius Foundation
Available from: 2017-04-06 Created: 2017-04-06 Last updated: 2017-11-29Bibliographically approved
Elinder, M. & Persson, L. (2017). House price responses to a national property tax reform. Journal of Economic Behavior and Organization, 144, 18-39
Open this publication in new window or tab >>House price responses to a national property tax reform
2017 (English)In: Journal of Economic Behavior and Organization, ISSN 0167-2681, E-ISSN 1879-1751, Vol. 144, p. 18-39Article in journal (Refereed) Published
Abstract [en]

We show that house prices in general did not respond to a substantial cut in the nationalproperty tax in Sweden. The estimates are based on rich register data covering more than 100,000 sales over a time period of two and a half years. Because the Swedish property tax isnational and thus unrelated to local public goods, our setting is ideal for causal identificationof the property tax on house prices. We observe price increases only in a small segment ofthe market containing properties with very high tax values. We discuss, but can admittedlynot empirically discriminate between, several potential explanations for why we find noevidence of capitalization except for the top segment of the market.

National Category
Economics
Research subject
Economics
Identifiers
urn:nbn:se:uu:diva-331667 (URN)10.1016/j.jebo.2017.09.017 (DOI)000418220700002 ()
Funder
Swedish Research Council, 217531001
Available from: 2017-10-16 Created: 2017-10-16 Last updated: 2018-02-01Bibliographically approved
Elinder, M. (2015). Den ekonomiska människan (1ed.). Lund: Studentlitteratur AB
Open this publication in new window or tab >>Den ekonomiska människan
2015 (Swedish)Book (Other (popular science, discussion, etc.))
Place, publisher, year, edition, pages
Lund: Studentlitteratur AB, 2015. p. 232 Edition: 1
National Category
Economics
Identifiers
urn:nbn:se:uu:diva-268553 (URN)9789144105345 (ISBN)
Available from: 2015-12-07 Created: 2015-12-07 Last updated: 2015-12-07
Elinder, M., Erixson, O. & Waldenström, D. (2015). Inheritance and wealth inequality: Evidence from population registers. Uppsala
Open this publication in new window or tab >>Inheritance and wealth inequality: Evidence from population registers
2015 (English)Report (Other academic)
Place, publisher, year, edition, pages
Uppsala: , 2015. p. 48
Series
Working paper / Uppsala Center for Fiscal Studies, Uppsala University ; 2015:3
Keywords
bequest; estate; net worth; inheritance taxation; wealth distribution
National Category
Economics
Research subject
Economics
Identifiers
urn:nbn:se:uu:diva-256879 (URN)
Available from: 2015-06-26 Created: 2015-06-26 Last updated: 2015-06-26Bibliographically approved
Elinder, M., Jordahl, H. & Poutvaara, P. (2015). Promises, policies and pocketbook voting. European Economic Review, 75, 177-194
Open this publication in new window or tab >>Promises, policies and pocketbook voting
2015 (English)In: European Economic Review, ISSN 0014-2921, E-ISSN 1873-572X, Vol. 75, p. 177-194Article in journal (Refereed) Published
Abstract [en]

Do voters respond to political parties' promises or to their past actions? We use a suitable sequence of events in Swedish politics to provide the first answer to this question. In the 1994 election campaign the Social Democrats proposed major cuts in transfers to parents with young children, whereas in the 1998 campaign they promised to increase transfers. The Social Democrats won both elections and delivered on both promises. Using voting among parents with slightly older children as counterfactual, we find that voters with young children responded markedly to economic promises rather than to implemented policies.

Keywords
Election promises, Economic voting, Pocketbook voting, Prospective voting, Retrospective voting
National Category
Economics and Business
Identifiers
urn:nbn:se:uu:diva-251982 (URN)10.1016/j.euroecorev.2015.01.010 (DOI)000352038000010 ()
Available from: 2015-05-11 Created: 2015-04-28 Last updated: 2017-12-04Bibliographically approved
Elinder, M., Erixson, O., Escobar, S. & Ohlsson, H. (2014). Estates, bequests, and inheritances in Sweden - A look into the Belinda databases. Uppsala
Open this publication in new window or tab >>Estates, bequests, and inheritances in Sweden - A look into the Belinda databases
2014 (English)Report (Other academic)
Abstract [en]

The objective of this paper is to describe two new administrative

Swedish databases, referred to as the Belinda databases. Together, these

databases contain the most detailed individual-level data on estates, bequests,

and inheritances currently available. We present descriptive statistics

for the key variables in the databases to give a picture of the size of

estates, the content of the bequests, and who the recipients of the inheritances

are. The statistics may serve as a point of reference for other

scholars, but also as an illustration of the various research possibilities that

the databases provide and how the data can be matched with other administrative

registers. We also, briefly, describe the institutional context

regarding intergenerational transfers in Sweden, including the inheritance

law and the inheritance tax.

Place, publisher, year, edition, pages
Uppsala: , 2014. p. 28
Series
Working paper / Uppsala Center for Fiscal Studies, Uppsala University ; 2014:14
Keywords
intergenerational transfers, estates, bequests, inheritances, administrative
National Category
Economics
Research subject
Economics
Identifiers
urn:nbn:se:uu:diva-237065 (URN)
Available from: 2014-11-26 Created: 2014-11-26 Last updated: 2014-11-28Bibliographically approved
Elinder, M. & Persson, L. (2014). Property taxation, bounded rationality and housing prices.
Open this publication in new window or tab >>Property taxation, bounded rationality and housing prices
2014 (English)Report (Other academic)
Abstract [en]

In 2008, the Swedish property tax was reformed and a cap on yearly tax liabilities

was introduced. A large fraction of owner occupied houses was subject to a substantial

decrease in the tax. When the reform was announced, most analysts projected - in

line with tax capitalization theory - that the tax decrease would lead to signicant

increases in house prices. We estimate price responses and capitalization degrees,

using various DID strategies, in which the price dynamics of houses that were subject

to a generous tax reduction are compared to the price dynamics of houses with a more

modest reduction. Our results are largely inconsistent with capitalization theory. For

the majority of properties, we nd no evidence that the tax cut led to increases in

house prices. However, we nd evidence of partial capitalization in sub-markets with

highly valued properties, highly educated citizens and were it is especially dicult to

increase supply. We argue that theories of bounded rationality can help explain why

house buyers may fail to take a tax decrease into account in the valuation of houses.

Publisher
p. 38
Series
Working paper / Department of Economics, Uppsala University (Online), ISSN 1653-6975
Keywords
announcement eects, capitalization, nancial literacy, housing
National Category
Economics
Research subject
Economics
Identifiers
urn:nbn:se:uu:diva-224854 (URN)
Available from: 2014-05-21 Created: 2014-05-21 Last updated: 2014-05-23Bibliographically approved
Elinder, M. & Jordahl, H. (2013). Kommunpolitikers beslut och brukarnas val. In: Henrik Jordahl (Ed.), Välfärdstjänster i privat regi: Framväxt och drivkrafter (pp. 143-164). Stockholm: SNS förlag
Open this publication in new window or tab >>Kommunpolitikers beslut och brukarnas val
2013 (Swedish)In: Välfärdstjänster i privat regi: Framväxt och drivkrafter / [ed] Henrik Jordahl, Stockholm: SNS förlag, 2013, p. 143-164Chapter in book (Other academic)
Place, publisher, year, edition, pages
Stockholm: SNS förlag, 2013
National Category
Economics
Identifiers
urn:nbn:se:uu:diva-212370 (URN)978-91-86949-47-1 (ISBN)
Available from: 2013-12-09 Created: 2013-12-09 Last updated: 2013-12-10Bibliographically approved
Elinder, M. & Jordahl, H. (2013). Kontrakt, kostnader och kvalitet. In: Henrik Jordahl (Ed.), Välfärdstjänster i privat regi: Framväxt och drivkrafter (pp. 89-120). Stockholm: SNS förlag
Open this publication in new window or tab >>Kontrakt, kostnader och kvalitet
2013 (Swedish)In: Välfärdstjänster i privat regi: Framväxt och drivkrafter / [ed] Henrik Jordahl, Stockholm: SNS förlag, 2013, p. 89-120Chapter in book (Other academic)
Place, publisher, year, edition, pages
Stockholm: SNS förlag, 2013
National Category
Economics
Identifiers
urn:nbn:se:uu:diva-212367 (URN)978-91-86949-47-1 (ISBN)
Available from: 2013-12-09 Created: 2013-12-09 Last updated: 2013-12-10Bibliographically approved
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