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Optimal Redistributive Wealth Taxation When Wealth is More than Just Capital
Franks, Max - 2020
We show how normative standpoints determine optimal taxation of wealth. Since wealth is not equal to capital, we find very different welfare implications of land rent-, bequest- and capital taxation. It is mainly land rents that should be taxed. We develop an overlapping generations model with...
Persistent link: https://www.econbiz.de/10012841621
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Salience of Inherited Wealth and the Support for Inheritance Taxation
Bastani, Spencer - 2019
We study how attitudes to inheritance taxation are influenced by information about the role of inherited wealth in … inheritance taxation. The effect is almost uniform across socio-economic groups and survives a battery of robustness tests … inherited wealth could be one explanation behind the relatively marginalized role of inheritance taxation in developed economies …
Persistent link: https://www.econbiz.de/10012892104
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How Do Inheritances Shape Wealth Inequality? Theory and Evidence from Sweden
Nekoei, Arash; Seim, David - 2021
inheritance within a decade while the inheritances of wealthy heirs remain intact. These different depletion rates are not due to … in inequality could be due to either a com-pressed inheritance distribution or similar chances of having wealthy parents … in inherited wealth over time. This implies that inheritance taxation can reduce long-run wealth inequality only through …
Persistent link: https://www.econbiz.de/10013232284
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Bequests, taxation and the distribution of wealth in a general equilibrium model
Kleiber, Christian; Sexauer, Martin; Wälde, Klaus - 2006
This paper examines the role of bequests and of taxation on bequests for the distribution of wealth. We investigate a model with overlapping generations and heterogenous households where parents derive utility directly from their bequests. Using the coefficient of variation as the measure of...
Persistent link: https://www.econbiz.de/10010263914
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Endogenous Longevity and Optimal Tax Progressivity
Heer, Burkhard; Rohrbacher, Stefan - 2021
We study the impact of endogenous longevity on optimal tax progressivity and inequality in an overlapping generations model with skill heterogeneity. Higher tax progressivity decreases both the longevity gap and net income inequality, but at the expense of lower average lifetime and lower...
Persistent link: https://www.econbiz.de/10013314957
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Does a Wealth Tax Improve Equality of Opportunity?
Berg, Kristoffer; Hebous, Shafik - 2021
Does parental wealth inequality impact next generation labor income inequality? And does a tax on parental wealth affect the labor income distribution of the next generation? We tackle both questions empirically using detailed intergenerational data from Norway, focusing on effects on wages...
Persistent link: https://www.econbiz.de/10013219075
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Intergenerational Risk Sharing, Pensions and Endogenous Labor Supply in General Equilibrium
Beetsma, Roel M. W. J.; Romp, Ward E.; Vos, Siert J. - 2021
In the context of a two-tier pension system, with a pay-as-you-go first tier and a fully funded second tier, we demonstrate that a system with a defined wage-indexed second tier performs strictly better than one with a defined contribution or defined real benefit second tier. The former...
Persistent link: https://www.econbiz.de/10013316618
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Optimal Redistributive Tax and Education Policies in General Equilibrium
Jacobs, Bas - 2021
Should a redistributive government optimally subsidize education to provoke a reduction in the skill premium through general equilibrium effects on wages? To answer this question, this paper studies optimal linear and non-linear redistributive income taxes and education subsidies in two-type...
Persistent link: https://www.econbiz.de/10013316658
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Pareto-improving bequest taxation
Grossmann, Volker; Poutvaara, Panu - 2005
Altruistic parents may transfer resources to their offspring by providing education, and by leaving bequests. We show that in the presence of wage taxation, a small bequest tax may improve efficiency in an overlapping-generations framework with only intended bequests, by enhancing incentives of...
Persistent link: https://www.econbiz.de/10010261311
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Real estate prices and the importance of bequest taxation
Bellettini, Giorgio; Taddei, Filippo - 2009
implications. We test the predictions of our theory employing a unique policy shock: the abolition of bequest and donation taxation …
Persistent link: https://www.econbiz.de/10010264581