======================== Wealth Tax Paper

Abstract

This project looks at the effects of both a wealth tax and an increase in the progressivity of the income tax on inequality in the context of an OLG model that is closely related to the open source OG-USA model. The repo includes data used in the calibration, and all the Python code necessary to solve and simulate the model.

Contributors

• Jason DeBacker
• Richard W. Evans
• Evan Magnusson
• Kerk Phillips
• Shanthi Ramnath
• Isaac Swift

How to use the Repository

In order to run the model, please do the following (after making sure you have the Anaconda distribution of Python installed):

1. Set your Pyton environment to run the scripts in this repos:
   • conda env create
   • source activate ospcdyn
2. Navigate to the Python folder and run
   • python run_wealthtax.py
3. To produce output after these runs have completed exectute:
   • python wealthtax_figures.py
   • python wealthtax_tables.py
   • The resulting output will be in WealthTaxTables.xlsx and in the Graphs folder.