Cowell, Frank A.; Van de gaer, Dirk; He, Chang - In: Inequality, taxation, and intergenerational transmission, (pp. 1-13). 2018
It is well known that taxes on the transfer of wealth typically raise very little revenue. However, this does not mean that they are ineffective as tools for redistribution. In this chapter, we show how important such taxes can be in the long-run distribution of wealth, reducing equilibrium...
