Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/159786
Authors: 
Bellettini, Giorgio
Taddei, Filippo
Zanella, Giulio
Year of Publication: 
2014
Series/Report no.: 
Quaderni - Working Paper DSE 947
Abstract: 
We identify the degree of intergenerational altruism in an OLG framework à la Barro exploiting the quasi-experimental variation generated by reforms of bequest taxation (estate or inheritance tax, in the U.S.) and taxes on inter vivos real estate donations (gift tax, in the U.S.) that were enacted in Italy between 2000 and 2001. Employing a unique data set containing information on the housing stock and house prices in 13 large Italian cities between 1993 and 2004, we identify the structural parameter of interest via the effect of changes in the tax rate on house prices. We find that the intergenerational altruism parameter is about 20%. Given the possible anticipation of the reform this estimate should be interpreted as a lower bound.
JEL: 
E60
E65
H24
Persistent Identifier of the first edition: 
Creative Commons License: 
https://creativecommons.org/licenses/by-nc/3.0/
Document Type: 
Working Paper

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