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Since December 1st till March 31 you can apply to our programs:
Master in Economic Research and PhD in Economics

Entry requirements are:
- BA / MA degree or equivalent
- Proficiency in spoken and written English
- Solid background in mathematics
- Previous education in economics is recommended

Your online application must content following documents:
- Curriculum vitae
- Statement of motivation
- Copies of your diplomas and transcripts
- Proof of English proficiency level
- Contact details for two (or max. three) referees (optional for MA applicants)

For more information please see sections: How to apply to MER or How to apply to PhD
In case of any question, please do not hesitate to contact us at This email address is being protected from spambots. You need JavaScript enabled to view it. or This email address is being protected from spambots. You need JavaScript enabled to view it.
or see the FAQ sections for Master´s or Phd program.

Stephanie Ettmeier, Ph.D.

University of Bonn, Germany

 Abstract: This paper quantifies the distributional effects of tax changes in the United States. A functional vector autoregression framework is used to estimate the joint dynamics of tax shocks, the cross-sectional distribution of disposable income, and macroeconomic aggregates. I distinguish between changes in personal and corporate income taxes and investigate the distributional effects on families and business owners. While tax cuts boost aggregate disposable income, the benefits are spread unevenly. The increase in overall inequality is driven primarily by rising disparities among entrepreneurs, particularly in the upper tail of their distribution. Though families experience reduced within-group inequality, neither families nor entrepreneurs benefit more in aggregate terms than their non-targeted counterparts, challenging prevalent political narratives about tax policy beneficiaries.

Full Text: No taxation without reallocation: the distributional effects of tax changes