This paper analyzes the economic effects of different income splitting rules for closely held corporations and sole … proprietorships/partnerships in a tax system with a dual income tax. We conclude that the tax rules for closed corporations offer … for sole proprietorships/partnerships, because the income-splitting rules both neutralize the impact of the high labor …

welfare on individual well-being constitutes a significant issue. This paper studies the disposable income and poverty among … disposable income and other financial and labor market outcomes and thereby give a well-founded analysis of the financial well …

. Our first main result is that the more the heir inherits, the lower her labor income becomes. This labor supply effect … transfer. Our second main result is that the more the heir inherits, the higher her capital income becomes. This savings effect …