IDEAS home Printed from
   My bibliography  Save this paper

Auswirkungen der (Wieder-) Einführung einer Vermögensteuer auf die hessischen Landesfinanzen


  • Marcus Blumtritt
  • Kai Eicker-Wolf
  • Achim Truger

    () (IMK at the Hans-Boeckler-Foundation)


The study assesses the fiscal effects of (re-)introducing the general wealth tax for the public budget of the German federal state Hessen. In order to increase public spending in crucial areas such as education, research, child care and infrastructure, a structural increase in tex revenue is needed. (Re-) introducing a federal wealrh tax is an attractive option both with regard to revenue and redistributive aspects. Such a tax that obeys the criteria set by the federal constitutional court by taxing all kinds of wealth in an equitable manner could indeed generate substantial revenue. The version most often discussed with a tax rate of one percent and a basic tax free allowance of 500.000 euro would yield 1.2 billion euro for the federal state of Hessen. The revenue could be used to increase public investment and to generate public employment in schools and universities. A careful estimate for the number of jobs created is in between 6.000 and 10.000 depending on the exact kind of job. The expenditure programme would additionally generate benefical macroeconomic effects. GDP in Hessen would increase by about 0.6 percent and employment (including the jobs created in the public sector) by about 18.000 jobs.

Suggested Citation

  • Marcus Blumtritt & Kai Eicker-Wolf & Achim Truger, 2007. "Auswirkungen der (Wieder-) Einführung einer Vermögensteuer auf die hessischen Landesfinanzen," IMK Studies 07-2007, IMK at the Hans Boeckler Foundation, Macroeconomic Policy Institute.
  • Handle: RePEc:imk:studie:07-2007

    Download full text from publisher

    File URL:
    Download Restriction: no

    References listed on IDEAS

    1. Volker Meinhardt & Rudolf Zwiener, 2005. "Gesamtwirtschaftliche Wirkungen einer Steuerfinanzierung versicherungsfremder Leistungen in der Sozialversicherung: Endbericht ; Forschungsprojekt im Auftrag des DGB Bundesvorstandes, der Hans-Böckler," DIW Berlin: Politikberatung kompakt, DIW Berlin, German Institute for Economic Research, volume 7, number pbk7.
    2. Coronado, Julie L. & Engen, Eric M. & Knight, Brian, 2003. "Public Funds and Private Capital Markets: The Investment Practices and Performance of State and Local Pension Funds," National Tax Journal, National Tax Association, vol. 56(3), pages 579-594, September.
    3. Florian Pelgrin & Alain de Serres, 2003. "The Decline in Private Saving Rates in the 1990s in OECD Countries: How Much Can Be Explained by Non-wealth Determinants?," OECD Economic Studies, OECD Publishing, vol. 2003(1), pages 117-153.
    4. Robert Holzmann, 1997. "Fiscal Alternatives of Moving from Unfunded to Funded Pensions," OECD Development Centre Working Papers 126, OECD Publishing.
    5. Tim Callen & Christian Thimann, 1997. "Empirical Determinants of Household Saving; Evidence From OECD Countries," IMF Working Papers 97/181, International Monetary Fund.
    6. Sergio Cesaratto, 2006. "Transition to fully funded pension schemes: a non-orthodox criticism," Cambridge Journal of Economics, Oxford University Press, vol. 30(1), pages 33-48, January.
    7. Holzmann, Robert, 1997. "On economic benefits and fiscal requirements of moving from unfunded to funded pensions," Financiamiento para el Desarrollo 48, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL).
    8. Nikolaus Bartzsch, 2006. "Vorsichtssparen und Einkommensunsicherheit privater Haushalte in Deutschland: eine ökonometrische Untersuchung auf Basis von SOEP-Daten," Vierteljahrshefte zur Wirtschaftsforschung / Quarterly Journal of Economic Research, DIW Berlin, German Institute for Economic Research, vol. 75(4), pages 109-120.
    9. Camille Logeay & Julia Schwenkenberg & Sabine Stephan & Christian Proano-Acosta & Serhiy Yahnych, 2005. "Modelling European Business Cycles (EBC Model): A Macroeconometric Model of France," Data Documentation 2, DIW Berlin, German Institute for Economic Research.
    10. Volker Meinhardt, 1997. "Vereinigungsfolgen belasten Sozialversicherung," DIW Wochenbericht, DIW Berlin, German Institute for Economic Research, vol. 64(40), pages 725-729.
    11. Andrew A. Samwick, 2000. "Is Pension Reform Conducive to Higher Saving?," The Review of Economics and Statistics, MIT Press, vol. 82(2), pages 264-272, May.
    12. Corsetti, Giancarlo & Schmidt-Hebbel, Klaus, 1995. "Pension reform and growth," Policy Research Working Paper Series 1471, The World Bank.
    13. Werner Dirschmid & Ernst Glatzer, 2004. "Determinants of the Household Saving Rate in Austria," Monetary Policy & the Economy, Oesterreichische Nationalbank (Austrian Central Bank), issue 4, pages 25-38.
    Full references (including those not matched with items on IDEAS)


    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.

    Cited by:

    1. Katja Rietzler & Dieter Teichmann & Achim Truger, 2013. "IMK Steuerschätzung 2013-2017," IMK Report 81-2013, IMK at the Hans Boeckler Foundation, Macroeconomic Policy Institute.

    More about this item

    NEP fields

    This paper has been announced in the following NEP Reports:


    Access and download statistics


    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:imk:studie:07-2007. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Sabine Nemitz). General contact details of provider: .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.