This paper shows that public debt issue may be regressive given the following three conditions: that the number of children varies among families; that a bequest motive implies operative intergenerational transfers; and that debt finance of government expenditure postpones its actual payment to...

[eng] Three Points of View on Inheritance: Family, Property and State, . by Denis Kessler, André Masson, Pierre Pestieau.. . This introductory article offers three complementary views on inheritance, in connection with three institutions: the family as a network of intergenerational...

This paper provides a short survey of the theoretical discussion on the equivalence between taxation and debt financing of public expenditures. It stresses that the key assumption in this debate concerns the behaviour of individuals towards their economic environment and public policy. Then, it...