consumption expenditures fall. The paper argues that a simple variant of neoclassical growth model which distinguishes between …

We study the effects of abolishing estate taxation in a quantitative and realistic framework that includes the key … inequality. We use our model to estimate effective estate taxation. We consider various tax instruments to reestablish fiscal … balance when abolishing estate taxation. We find that abolishing estate taxation would not generate large increases in …

This paper considers an optimal taxation environment where household income is private information, and the government …