Optimal estate taxation more (about) heterogeneity across dynasties Philipp Krug
By: Krug, Philipp
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Material type: 
ArticleSubject(s): IMPUESTO SOBRE EL PATRIMONIO | PROPIEDAD INMOBILIARIA | HERENCIA | TRANSMISION DE BIENES | IMPUESTOS | IMPUESTO SOBRE SUCESIONES Y DONACIONES | MODELOS ECONOMETRICOS
In:
FinanzArchiv v. 78, n. 4, December 2022, p. 470-487Summary: 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.
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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.
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