Grossmann, Volker (contributor); Poutvaara, Panu (contributor) - 2006
(Judd, 2002), unemployment as a result of search frictions in the labor market
(Domeij, 2005) and human capital formation … which wage taxation distorts human capital investment, we show
that taxation of intended bequests can be justified for pure … taxation on human capital formation is
sufficiently high to outweigh the negative effects from reduced wealth accumulation.
We …