In order to shed light on the patterns of economic development characterized by sustained growth and persistent wealth inequality, we develop an agent-based model in which generations overlap and parents leave bequests to offspring. The model shows how neighborhood effects influence the long-run...

Overview of the estate and gift taxes -- The gift tax -- The gross estate : property owned at death -- The gross estate : transfers during life -- Deductions and credits -- The generation-skipping transfer tax -- Valuation of property -- Payment, collection, and apportionment.

This study used the 2012 and 2014 panels of the Health and Retirement Study, a nationally representative dataset, to examine the associations between personality traits, generational cohorts, and bequest expectations among elderly households in the United States. The results indicated that...

Although tax relief on pensions is a controversial area of government expenditure, this is the first study of the tax effects for a real-world defined benefit pension scheme. First, we estimate the tax and national insurance contribution (NIC) effects of the scheme's change from final salary to...