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This paper generates two main contributions. First, it provides a new theory of wealth inequality that merges two … empirically relevant forces generating inequality: bequest motives and inheritance of ability across generations; and an earnings …
Persistent link: https://www.econbiz.de/10013025250
This paper generates two main contributions. First, it provides a new theory of wealth inequality that merges two … empirically relevant forces generating inequality: bequest motives and inheritance of ability across generations; and an earnings …
Persistent link: https://www.econbiz.de/10012457620
This paper studies the properties of the optimal taxes on bequests when individuals differ in wage and in their risks of mortality and old-age dependance. Survival is positively correlated to income but dependency is negatively correlated with it. The government cannot distinguish between...
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