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much different from the actual distribution. Our findings suggest that inheritance taxes may do little to mitigate the …
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much different from the actual distribution. Our findings suggest that inheritance taxes may do little to mitigate the …
Persistent link: https://www.econbiz.de/10013305650
A key question in social sciences relates to the effect of wealth inequality on economic growth. Yet, in analyzing this issue, researchers have had to use income as a proxy for wealth. We derive a global measure of wealth inequality from Forbes magazine's listing of billionaires and decompose it...
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distribution, because interpersonal externalities implied by the presence of bequest motive are irrelevant from the welfare point … of view when the focus is on the wealthy. I also examine the role of negative externalities from wealth concentration in …
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