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Cremer, Helmuth
, Gahvari, Firouz and Pestieau, Pierre
(2012)
Accidental bequests: a curse for the rich and a boon for the poor.
Scandinavian Journal of Economics, 114 (4).
pp. 1437-1459.
This is the latest version of this item.
Abstract
When accidental bequests signal otherwise unobservable individual characteris-
tics such as productivity and longevity, the population should be partitioned into
two groups: those who do not receive an inheritance those who do. The first tagged
group gets a second-best tax à la Mirrlees; the second group, when its type is fully
revealed, a first-best tax schedule. Receiving an inheritance makes high-ability
types worse off and low-ability types better off. High-ability individuals face a be-
quest tax of more than 100%, while low-ability types face a bequest tax that can
be smaller as well as larger than 100% and may even be negative.
| Item Type: | Article |
|---|---|
| Language: | English |
| Date: | December 2012 |
| Refereed: | Yes |
| JEL Classification: | H21 - Efficiency; Optimal Taxation |
| Subjects: | B- ECONOMIE ET FINANCE |
| Divisions: | TSE-R (Toulouse) |
| Site: | UT1 |
| Date Deposited: | 09 Jul 2014 17:26 |
| Last Modified: | 02 Apr 2021 15:47 |
| OAI Identifier: | oai:tse-fr.eu:25898 |
| URI: | https://publications.ut-capitole.fr/id/eprint/15314 |
Available Versions of this Item
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Accidental bequests: a curse for the rich and a boon for the poor. (deposited 18 Jan 2012 06:01)
- Accidental bequests: a curse for the rich and a boon for the poor. (deposited 09 Jul 2014 17:26) [Currently Displayed]
