Bequests, taxation and the Distribution on Inconme and Wealth

• Autores: Frank A. Cowell
• Localización: Hacienda Pública Española / Review of Public Economics, ISSN 0210-1173, Nº 200, 2012, págs. 75-94
• Idioma: inglés
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• Resumen

  • We examine the role of taxation within a simple model of wealth accumulation transmission from generation to generation. It turns out that the role of bequest taxation may be central to the development of inequality in the long run. Whether it does so depends on the the way that consumption behaviour by each generation is determined.

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