|
|
|
|
| LEADER |
01146 am a22001813u 4500 |
| 001 |
82876 |
| 042 |
|
|
|a dc
|
| 100 |
1 |
0 |
|a Farhi, Emmanuel
|e author
|
| 100 |
1 |
0 |
|a Massachusetts Institute of Technology. Department of Economics
|e contributor
|
| 100 |
1 |
0 |
|a Werning, Ivan
|e contributor
|
| 700 |
1 |
0 |
|a Werning, Ivan
|e author
|
| 245 |
0 |
0 |
|a Estate Taxation with Altruism Heterogeneity
|
| 260 |
|
|
|b American Economic Association,
|c 2013-12-09T13:20:19Z.
|
| 856 |
|
|
|z Get fulltext
|u http://hdl.handle.net/1721.1/82876
|
| 520 |
|
|
|a We develop a theory of optimal estate taxation in a model where bequest inequality is driven by differences in parental altruism. We show that a wide range of results are possible, from positive taxes to subsidies. The results depend on redistributive objectives implicit in the cardinal specification of utility and social welfare functions. We propose a normalization that is helpful in classifying these different possibilities. We isolate cases where the optimal policy bans negative bequests and taxes positive bequests, features present in most advanced countries.
|
| 546 |
|
|
|a en_US
|
| 655 |
7 |
|
|a Article
|
| 773 |
|
|
|t American Economic Review
|
