Please use this identifier to cite or link to this item:
http://dspace.mediu.edu.my:8181/xmlui/handle/10419/18979| Title: | Pareto-improving bequest taxation |
| Keywords: | H31 I21 H21 D64 ddc:330 bequest taxation bequests education Pareto improvement Erbschaftsteuer Optimale Besteuerung Bildungsinvestition Privater Transfer Lohnsteuer Overlapping Generations Pareto-Optimum Theorie |
| Issue Date: | 16-Oct-2013 |
| Publisher: | |
| Description: | Altruistic parents may transfer resources to their offspring by providing education, and by leaving bequests. We show that in the presence of wage taxation, a small bequest tax may improve efficiency in an overlapping-generations framework with only intended bequests, by enhancing incentives of parents to invest in their children?s education. This result holds even if the wage tax rate is held constant when introducing bequest taxation. We also calculate an optimal mix of wage and bequest taxes with alternative parameter combinations. In all cases, the optimal wage tax rate is clearly higher than the optimal bequest tax rate, but the latter is generally positive when the required government revenue in the economy is sufficiently high. |
| URI: | http://koha.mediu.edu.my:8181/xmlui/handle/10419/18979 |
| Other Identifiers: | http://hdl.handle.net/10419/18979 ppn:500538255 |
| Appears in Collections: | EconStor |
Files in This Item:
There are no files associated with this item.
Items in DSpace are protected by copyright, with all rights reserved, unless otherwise indicated.