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Inheritance Taxation and Wealth Effects on the Labor Supply of Heirs

Kindermann, Fabian - 2018

The taxation of bequests can have a positive impact on the labor supply of heirs through wealth effects. This leads to an increase in future labor income tax revenue on top of direct bequest tax revenue. We first show in a theoretical model that a simple back-of-the-envelope calculation, based...

Persistent link: https://www.econbiz.de/10012480732

Inheritance and Saving

Joulfaian, David - 2006

by less than the full amount of the inheritance received. Similarly, and consistent with previous findings, large …

Persistent link: https://www.econbiz.de/10012466093

The Effect of Inheritance Receipt on Retirement

Brown, Jeffrey R. - 2006

This paper uses the receipt of an inheritance to measure the effect of wealth shocks on retirement. Using the Health … and Retirement Study (HRS), we first document that inheritance receipt is common among older workers -- one in five … households receives an inheritance over an eight-year period, with a median value of about $30,000. We find that inheritance …

Persistent link: https://www.econbiz.de/10012466279

The Carnegie Conjecture : Some Empirical Evidence

Holtz-Eakin, Douglas - 1992

's labor force participation. For example, a single person who receives an inheritance of over $150,000 is roughly four times … more likely to leave the labor force than a person with an inheritance below $25,000. Additional, albeit weaker, evidence …

Persistent link: https://www.econbiz.de/10012474855

Who (Actually) Gets the Farm? Intergenerational Farm Succession in the United States

Haws, Adrian; Just, David; Price, Joseph - National Bureau of Economic Research - 2023

We link census records for millions of farm children to identify owner-operators of the family farm in adulthood, providing the first population-level evidence on intergenerational farm transfers. Using our panel of U.S. census data from 1900 to 1940, our analysis supports the primogeniture...

Persistent link: https://www.econbiz.de/10014337837

The Impact of Intergenerational Transfers on Household Wealth Inequality in Japan and the United States

Niimi, Yoko - 2016

To help shed light on the implications of intergenerational transfers for wealth inequality, this paper examines whether or not individuals who receive intergenerational transfers from their parents are more likely to leave bequests to their children than those who do not using data for Japan...

Persistent link: https://www.econbiz.de/10012455993

Wealth Distribution and Social Mobility in the US : A Quantitative Approach

Benhabib, Jess - 2015

This paper attempts to quantitatively identify the factors that drive wealth dynamics in the U.S. and are consistent with its observed skewed cross-sectional distribution and social mobility. We concentrate on three critical factors: a skewed and persistent distribution of earnings, differential...

Persistent link: https://www.econbiz.de/10012456949

Savings After Retirement : A Survey

De Nardi, Mariacristina - 2015

The saving patterns of retired U.S. households pose a challenge to the basic life-cycle model of saving. The observed patterns of out-of-pocket medical expenses, which rise quickly with age and income during retirement, and heterogeneous lifespan risk, can explain a significant portion U.S....

Persistent link: https://www.econbiz.de/10012457399

Long-Term-Care Utility and Late-in-Life Saving

Ameriks, John - 2015

Older wealthholders spend down assets much more slowly than predicted by classic life-cycle models. This paper introduces health-dependent utility into a model in which preferences for bequests, expenditures when in need of long-term care (LTC), and ordinary consumption combine with health and...

Persistent link: https://www.econbiz.de/10012457693

Bequest Taxes and Accumulation of Household Wealth : U.S. - Japan Comparison

Barthold, Thomas A. - 1991

The objective of this paper is two-fold. First, we describe and compare the gift and bequest (estate) tax systems in the United States and Japan. Second, we use tax data to estimate the magnitude of intergenerational transfers. The magnitude of intergenerational transfers provides aid in...

Persistent link: https://www.econbiz.de/10012475314