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Estate taxation with both accidental and planned bequests
Pestieau, Pierre; Sato, Motohiro - 2006
Actual inheritances are an hybrid of canonical types of bequests and in particular of accidental bequests and altruistic bequests. In this paper, bequeathed estate consists of two components: an amount intended by altruistic parents and an amount which results from the premature death of...
Persistent link: https://www.econbiz.de/10010263979
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Education and social mobility
Cremer, Helmuth; De Donder, Philippe; Pestieau, Pierre - 2010
This paper shows that the design of education policy involves a potential conflict between welfare and social mobility … welfare maximization calls for the most elitist system. We show that when private education is available, the degree of … elitism that maximizes social mobility increases, while the welfare-maximizing degree of elitism decreases. The ranking …
Persistent link: https://www.econbiz.de/10010266092
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Accidental bequests: A curse for the rich and a boon for the poor
Cremer, Helmuth; Gahvari, Firouz; Pestieau, Pierre - 2010
When accidental bequests signal otherwise unobservable individual characteristics such as productivity and longevity, the tax administration should partition the population into two groups: One consisting of people who do not receive an inheritance and the other of those who do. The first tagged...
Persistent link: https://www.econbiz.de/10010270458