Marius Ring

193 posts

Marius Ring

@mariusring

Assistant prof at UT Austin Finance (on leave), currently at Yale. Interested in household finance, public finance, corporate finance, and aguardiente de agave.

Austin, TX Beigetreten Haziran 2013

1.1K Folgt1.2K Follower

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Marius Ring@mariusring·21 Eki

Very happy to see that my paper on the effects of wealth taxation on saving has found its new home. Short summary thread below. Special thanks to @DimitrisPapan20, @AnthonyDeFusco, @ProfNoto for bearing with me while I turned a research idea into a JMP!

The Review of Economic Studies@RevEconStudies

New paper from @mariusring using Norwegian data shows that a tax on wealth may cause households to save *more*. 1/3 👇

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Marius Ring@mariusring·8 Ara

Very interesting paper on positive fiscal externalities from subsidizing job training programs

Natalie Millar@econnatalie

My #EconJMP, “The Labor Market Returns to Customized Job Training”, examines how subsidized firm training that aligns skill supply with skill demand affects workers and whether subsidies generate benefits that justify public investment. Website: nataliemillar.net

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Matteo Cremonini@MatteoCremonin2·28 Kas

I’m on the #EconJobMarket! 🎓 The wealthy earn high returns from their entrepreneurial activities, should we tax them? My JMP shows a top wealth tax creates smaller distortions and stronger redistribution when high returns reflect market power, not just productivity. 👇 More

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Marius Ring@mariusring·18 Kas

@KhoaVuUmn @BarbaraBiasi When it’s cold the ice keeps longer too

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Khoa Vu@KhoaVuUmn·18 Kas

@BarbaraBiasi It's a state of mind

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Khoa Vu@KhoaVuUmn·17 Kas

You can tell mainstream economics is BS because the market hasn't self-corrected bad coffee takes like this:

Philippe Lemoine@phl43

One thing I don't understand is iced coffee. Why do Americans do that to themselves?

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Marius Ring@mariusring·13 Kas

@Summers_AD @WouterLeenders @LevyAntoine @arunadvaniecon I'm not sure the Nov 29th 2022 announcement (can no longer escape CGT by spending 5 yrs abroad) was announced or "expected" earlier that year. Subseq changes were likely expected. Not clear to me how this would materially affect paper's interpretation (where data ends in 2022)

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Andy Summers@Summers_AD·12 Kas

@WouterLeenders @LevyAntoine @arunadvaniecon Norway effectively pre-announced singificant tightening of exit tax, which incentivised immediate exits by those who anticipated leaving later. So may need to think of result wrt wealth tax in yr1 more like a stock elasticity.

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Antoine Levy@LevyAntoine·11 Kas

Intéressant: une des premières estimations de l'effet (très élevé) sur l'exil fiscal de l'augmentation, en 2021, de l'impôt sur la fortune norvégien, de 0,85% a 1,1% au-dessus de 20 million de couronnes (20M NOK ~1,7 million d'euros). Court 🧵sur l'importance de ce résultat.

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Marius Ring@mariusring·13 Kas

@LevyAntoine @WouterLeenders @arunadvaniecon @Roberto__Iacono Wasn't the main feature of exit tax (spending 5 yrs abroad doesn't erase unrealized CG) unexpected until it was announced as part of an agreement between the government majority coalition parties on Nov 29th 2022 (to be effective as of that date as well)?

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Antoine Levy@LevyAntoine·12 Kas

@WouterLeenders @arunadvaniecon Those are joint reforms, but the capital gains deemed realization/exit tax was basically implemented as a response to the initial billionaire outflow

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Marius Ring@mariusring·14 Eki

Finance dept at BI Norwegian Biz School in Norway is hiring! Excellent department that spans many fields, co-located w/ a great econ dept, attractive teaching load, unique admin data opportunities, and v. nice place to live. Job post below ssrn.com/index.cfm/en/j…

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Sergio Ocampo Díaz@socampdi·8 Eki

We are officially on the market this year with 3⃣ positions! Come work with us in 🇨🇦! I am happy to talk to anyone about our department, DMs open! Please share widely and let your students know. PS: You can visit our department if you are coming to this year CSMG, Nov 14-15!

Western Economics@westernuEcon

🚨We are Hiring🚨 We have 3⃣ tenure-track positions: • 2 Open-Field • 1 linked to our Masters in Financial Economics (open to various fields) Come work with us in 🇨🇦! 📄 Open-Field: uwo.ca/facultyrelatio… 📄 MFE Position: uwo.ca/facultyrelatio…

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Jaime Arellano-Bover@J_ArellanoBover·29 Eyl

The Veneto Workers Histories (1975–2001) is probably the easiest-to-access population-level employer–employee dataset there is. I’ve put together a page with practical user tips beyond the sparse official docs. 1/3 🧵

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CEPR@cepr_org·11 Eyl

New CEPR Discussion Paper - DP20632 Insuring Labor Income Shocks: The Role of the Dynasty @AndreasFagereng, Luigi Guiso @EIEF_Rome, Luigi Pistaferri @SIEPR @Stanford, @mariusring @UTexasMcCombs @UTAustin ow.ly/eQFp50WUmJm #CEPR_HF #EconTwitter

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The Review of Economics and Statistics (REStat)@restatjournal·5 Eyl

Over the entire past century, Switzerland's wealth was worth ~5x national income. Now wealth is worth 8x NNI. In the July issue, by Enea Baselgia (@eneabaselgia) and Isabel Z. Martínez (@IZMartinez86) zurl.co/Wmbup

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Marius Ring@mariusring·3 Eyl

@LeistenEcon How can you ever be real if you don’t know how construct the reals..

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Matthew Leisten@LeistenEcon·3 Eyl

@mariusring The father, the son, and the holy Dedekind Cut

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Matthew Leisten@LeistenEcon·3 Eyl

Wrong. The enemy is people who don't learn real analysis

David Sirota@davidsirota

I’ve been waiting my entire life for a politician other than Bernie Sanders to just say this.

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Taha Choukhmane@TahaChoukhmane·19 Ağu

🧵1/11 My paper "Default Options and Retirement Saving Dynamics" is forthcoming in the AER! Auto-enrollment is often hailed as behavioral economics' greatest policy success and now covers 100M+ workers worldwide. But: does it actually increase lifetime wealth and welfare?

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Abdoulaye Ndiaye@AbdouNdiayeNYU·6 May

A few days ago, I told you about the public finance research of the newest John Bates Clark medalist 🏅 Stefanie Stantcheva. There are important open questions in that research, such as, what are the best retirement policies? My paper with Zhixiu YU answers that question. A 🧵

Abdoulaye Ndiaye@AbdouNdiayeNYU

Stefanie Stantcheva just won the John Bates Clark Medal. 🏅 here her greatest hits in public finance research explained

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AEA Journals@AEAjournals·18 Nis

Forthcoming in AEJ: Applied Economics: "The Long-Term Impacts of Mixing the Rich and Poor: Evidence from Conscript Dorms" by Elias Einiö. aeaweb.org/articles?id=10…

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Maha Rehman@MahaRehman1·25 Mar

My new paper, now in print, examines how the 2005 Pakistan earthquake triggered firm-level over-adaptation in response to policy uncertainty. Fragile intermediaries, dependent on both capital and labour, suffered the greatest productivity losses as firms, operating amid weak state support, rationally prioritised short-term survival over long-term investment. (1/n) Link: link.springer.com/article/10.100…

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Marius Ring@mariusring·5 Mar

Some details: We use comprehensive 3rd-party-reported data on charitable giving. For the wealth tax part, we exploit changes to assessment rules after 2012 This reform affected both the marginal and average tax rates dep. on ex-ante taxable wealth, facilitating a decomposition.

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Marius Ring@mariusring·5 Mar

New pub!🚨 (i) Income effects rather than intertemporal substitution (avoidance through giving quicker) dominate giving responses to wealth taxes. (ii) Studying bunching at inc. tax deduction cap, we find modest own-price elasticity, invariant to income

The Review of Economics and Statistics (REStat)@restatjournal

A 1% wealth tax reduces charitable giving by 26%, inconsistent with a strong acceleration effect. Just Accepted new paper by Marius A. K. Ring (@mariusring) and Thor O. Thoresen zurl.co/FKPf5

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