Gale, William G.; Perozek, Maria G. - 2001
This paper examines the impact of estate taxes on saving in a series of models that posit different motivations for … transfers between parents and children. We show that the effects of the tax on saving depend on why donors give bequests. In … addition, under each motive examined - bequests as accidents, as exchange, and as altruism - estate taxes can raise net saving …