This paper develops, calibrates, and simulates a dynamic 88-period OLG model to study the intergenerational transmission of U.S. wealth inequality via bequests. The model features marriage, realistic fertility patterns, random death, assortative mating based on skills, heterogeneous skill...

The paper by Jayasri Dutta, James Sefton and Martin Weale presents an evaluation of the impact of capital income taxation in the United Kingdom. A general equilibrium model with overlapping generations is first set out and then calibrated using the British Household Panel Survey. The model is...