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Stark, Oded - 2015

inheritance provides which account for its impact on the intention to bequeath; it is rather the family tradition of bequeathing …

Persistent link: https://www.econbiz.de/10013016910

Optimal Income, Education, and Bequest Taxes in an Intergenerational Model

Stantcheva, Stefanie - 2015

This paper considers dynamic optimal income, education, and bequest taxes in a Barro-Becker dynastic setup. Parents can transfer resources to their children in two ways: First, through education investments, which have heterogeneous and stochastic returns for children, and, second, through...

Persistent link: https://www.econbiz.de/10012457490

Incentive Effects of Inheritances and Optimal Estate Taxation

Kopczuk, Wojciech - 2013

generations, and suggests that inheritance rather than estate tax is better suited to implement the corresponding policy …

Persistent link: https://www.econbiz.de/10012459914

Progressive Estate Taxation

Farhi, Emmanuel - 2006

For an economy with altruistic parents facing productivity shocks, the optimal estate taxation is progressive: fortunate parents should face lower net returns on their inheritances. This progressivity reflects optimal mean reversion in consumption, which ensures that a long-run steady state...

Persistent link: https://www.econbiz.de/10012466061

Optimal Bequests Taxation in the Steady State

Casamatta, Georges - 2020

We consider an infinite-horizon economy populated by two types of individuals, some individuals being more productive than others. Individuals live one period and are altruistic toward their children. Assuming that the allocation received by a given individual depends only on his type and the...

Persistent link: https://www.econbiz.de/10012830174

Bequest Motives, Inheritance Tax, and Housing Choice : A Problem of Inefficient Empty Nests

Seko, Miki - 2019

motive and inheritance tax. Japanese household panel data show that empty nests are more pronounced for elderly, non … more likely. The motive to bequeath housing is influenced by the inheritance-tax benefit of housing in addition to income …, wealth, and better housing structures. Thus, the inheritance-tax benefit of housing exacerbates a long-term empty nest …

Persistent link: https://www.econbiz.de/10012858444

A Framework for Assessing Estate and Gift Taxation

Kaplow, Louis - 2000

Whether and how estates and gifts should be taxed has long been a controversial subject, and the approach to estate and gift taxation varies among developed countries. Arguments for and against various forms of transfer taxation have focused on concerns about the distribution of income and...

Persistent link: https://www.econbiz.de/10012470975

Estate Taxes and Charitable Bequests by the Wealthy

Joulfaian, David - 2000

Charitable bequests are an important source of philanthropic support. Unlike bequests to children which can be taxed at a maximum statutory rate of 0.55, such transfers are exempt from estate taxation. Thus, by lowering the price of charitable giving, the estate tax may influence the disposition...

Persistent link: https://www.econbiz.de/10012471104

Making Bequests Without Spoiling Children : Bequests as an Implicit Optimal Tax Structure and the Possibility That Altruistic Bequests are not Equaliz

Kotlikoff, Laurence J. - 1988

This paper examines the bequest\gift behavior of altruistic parents who do not know their children's abilities and cannot observe their children's work effort. Parents are likely to respond to this information problem by making larger bequests to higher earning children and by using their...

Persistent link: https://www.econbiz.de/10012476325

An Analysis of Fiscal Policy Under Operative and Inoperative Bequest Motives

Abel, Andrew B. - 1987

This paper presents a general equilibrium model with logarithmic preferences and technology. If the non-negativity constraint on bequests is strictly binding, then the bequest motive is characterized as inoperative. After determining the conditions for operative and inoperative bequest motives,...

Persistent link: https://www.econbiz.de/10012476770