Progressive Estate Taxation

For an economy with altruistic parents facing productivity shocks, the optimal estate taxation is progressive: fortunate parents should face lower net returns on their inheritances. This progressivity reflects optimal mean reversion in consumption, which ensures that a long-run steady state exists with bounded inequality-avoiding immiseration

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Year of publication:	[2009]
Authors:	Farhi, Emmanuel
Other Persons:	Werning, Iván (contributor)
Publisher:	[2009]: [S.l.] : SSRN
Subject:	Steuerprogression \| Progressive taxation \| Theorie \| Theory \| Eltern \| Parents \| Erbschaftsteuer \| Inheritance tax \| Optimale Besteuerung \| Optimal taxation \| Grundsteuer \| Real property tax \| Erbe \| Inheritance \| Pareto-Optimum \| Pareto efficiency \| Altruismus \| Altruism

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Extent:	1 Online-Ressource (39 p)
Series:	MIT Department of Economics Working Paper ; No. 06-27
Type of publication:	Book / Working Paper
Language:	English
Notes:	Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments September 25, 2006 erstellt
Other identifiers:	10.2139/ssrn.932764 [DOI]
Classification:	E6 - Macroeconomic Policy Formation, Macroeconomic Aspects of Public Finance, Macroeconomic Policy, and General Outlook
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10012721523