Krug, Philipp
Optimal estate taxation more (about) heterogeneity across dynasties / Philipp Krug
Resumen.
Bibliografía.
Standard models on optimal estate taxation do not allow for intergenerational transmission of bequest motives. However, correlation in bequest motives may exist due to genetic and cultural transmission of preferences or indirect reciprocity. I introduce such intergenerational correlation to a simple model with heterogeneously altruistic parents. I derive two insights for optimal linear estate taxation under a Utilitarian welfare measure. First, this correlation implies a higher optimal estate tax rate. Second, estate tax rates should be higher for those parents who inherited themselves.
IMPUESTO SOBRE EL PATRIMONIO
PROPIEDAD INMOBILIARIA
HERENCIA
TRANSMISION DE BIENES
IMPUESTOS
IMPUESTO SOBRE SUCESIONES Y DONACIONES
MODELOS ECONOMETRICOS
FinanzArchiv 0015-2218 v. 78, n. 4, December 2022, p. 470-487
Optimal estate taxation more (about) heterogeneity across dynasties / Philipp Krug
Resumen.
Bibliografía.
Standard models on optimal estate taxation do not allow for intergenerational transmission of bequest motives. However, correlation in bequest motives may exist due to genetic and cultural transmission of preferences or indirect reciprocity. I introduce such intergenerational correlation to a simple model with heterogeneously altruistic parents. I derive two insights for optimal linear estate taxation under a Utilitarian welfare measure. First, this correlation implies a higher optimal estate tax rate. Second, estate tax rates should be higher for those parents who inherited themselves.
IMPUESTO SOBRE EL PATRIMONIO
PROPIEDAD INMOBILIARIA
HERENCIA
TRANSMISION DE BIENES
IMPUESTOS
IMPUESTO SOBRE SUCESIONES Y DONACIONES
MODELOS ECONOMETRICOS
FinanzArchiv 0015-2218 v. 78, n. 4, December 2022, p. 470-487