Arbeitspapier
Pareto-improving bequest taxation
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.
- Sprache
-
Englisch
- Erschienen in
-
Series: CESifo Working Paper ; No. 1515
- Klassifikation
-
Wirtschaft
Fiscal Policies and Behavior of Economic Agents: Household
Analysis of Education
Taxation and Subsidies: Efficiency; Optimal Taxation
Altruism; Philanthropy; Intergenerational Transfers
- Thema
-
bequest taxation
bequests
education
Pareto improvement
Erbschaftsteuer
Optimale Besteuerung
Bildungsinvestition
Privater Transfer
Lohnsteuer
Overlapping Generations
Pareto-Optimum
Theorie
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Grossmann, Volker
Poutvaara, Panu
- Ereignis
-
Veröffentlichung
- (wer)
-
Center for Economic Studies and ifo Institute (CESifo)
- (wo)
-
Munich
- (wann)
-
2005
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:44 MEZ
Datenpartner
Dieses Objekt wird bereitgestellt von:
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Objekttyp
- Arbeitspapier
Beteiligte
- Grossmann, Volker
- Poutvaara, Panu
- Center for Economic Studies and ifo Institute (CESifo)
Entstanden
- 2005
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