Of limited revenue and being increasingly unpopular, the taxation of inheritance is often justified by a concern for social justice and redistribution: inequality of opportunity, unearned windfall income, high concentration and intergenerational reproduction of wealth, etc. In a country like...

To cope with the unrealistic predictions of the ?standard? life-cycle model (time separable preferences, expected utility, exponential discounting), the behavioral or psycho-economic approach imposes very strong limits to the saver?s rationality : inability of longterm planning, misplaced...

There is a capital taxation puzzle in most developed countries. Since the 1960s, revenues from wealth transfer taxation have been especially low and decreasing as a percentage of GDP, even to the extent of disappearing in quite a number of cases; by contrast, lifetime wealth or capital taxation...