Grossmann, Volker (contributor); Poutvaara, Panu (contributor) - 2006
that in the presence of wage taxation, a small bequest tax may improve efficiency in an overlapping-generations framework … in an overlapping-generations framework with only intended bequests, by
enhancing incentives of parents to invest in … infinitely-lived households, but more problematic in an
overlapping generations environment. Judd (1985, 2002), Chamley (1986 …