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ifo Institut – Leibniz-Institut für Wirtschaftsforschung an der Universität München >
CESifo Working Papers, CESifo Group Munich >
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http://hdl.handle.net/10419/25768
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| Title: | | Bequests, taxation and the distribution of wealth in a general equilibrium model  |
| Authors: | | Kleiber, Christian Sexauer, Martin Wälde, Klaus |
| Issue Date: | | 2006 |
| Series/Report no.: | | CESifo working paper 1723 |
| Abstract: | | This paper examines the role of bequests and of taxation on bequests for the distribution of wealth. We investigate a model with overlapping generations and heterogenous households where parents derive utility directly from their bequests. Using the coefficient of variation as the measure of inequality, bequests per se diminish the inequality of wealth since they raise private savings and hence average wealth holdings more than the variance of wealth. From a policy perspective, taxing bequests and redistributing government revenue lump-sum among the young generation further decreases wealth inequality. |
| JEL: | | D31 H23 |
| Document Type: | | Working Paper |
| Appears in Collections: | | CESifo Working Papers, CESifo Group Munich
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