We study a growth model with two types of agents who are heterogeneous in their degree of family altruism. We prove … that every equilibrium path converges to a unique steady state, and study the effect of altruism on the properties of … steady-state equilibrium. We show that aggregate income is positively related to both level of altruism and altruism …

wealth and address inequality. There are, though, many drawbacks to the idea of taxing inheritance as part of the beneficiary … are inherently different. Inheritance is certainly suitable grounds for taxation, but it seems more appropriate to …

endogenous. We nd that a tax on inheritance results in both less intergenerational mobility and smaller investment in human …

estate and inheritance taxes both largely fall on heirs, inheritance taxes are more self-evidently “silver spoon taxes” and …