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dc.contributor.authorGrossmann, Volkeren_US
dc.contributor.authorPoutvaara, Panuen_US
dc.date.accessioned2009-01-28T15:54:13Z-
dc.date.available2009-01-28T15:54:13Z-
dc.date.issued2005en_US
dc.identifier.urihttp://hdl.handle.net/10419/18979-
dc.description.abstractAltruistic 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.en_US
dc.language.isoengen_US
dc.publisheren_US
dc.relation.ispartofseriesCESifo working papers 1515en_US
dc.subject.jelH31en_US
dc.subject.jelI21en_US
dc.subject.jelH21en_US
dc.subject.jelD64en_US
dc.subject.ddc330en_US
dc.subject.keywordbequest taxationen_US
dc.subject.keywordbequestsen_US
dc.subject.keywordeducationen_US
dc.subject.keywordPareto improvementen_US
dc.subject.stwErbschaftsteueren_US
dc.subject.stwOptimale Besteuerungen_US
dc.subject.stwBildungsinvestitionen_US
dc.subject.stwPrivater Transferen_US
dc.subject.stwLohnsteueren_US
dc.subject.stwOverlapping Generationsen_US
dc.subject.stwPareto-Optimumen_US
dc.subject.stwTheorieen_US
dc.titlePareto-improving bequest taxationen_US
dc.typeWorking Paperen_US
dc.identifier.ppn500538255en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungen-
Appears in Collections:CESifo Working Papers, CESifo Group Munich

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