Wan, Jing and Zhu, Shenghao (2012): Intergenerational links, taxation, and wealth distribution.

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Abstract
We extend one of the main findings in Bossmann et al. (2007)("Bequests, taxation and the distribution of wealth in a general equilibrium model," Journal of Public Economics, 91, 12471271). Bequest motives per se reduce wealth inequality. We show that the result holds for a stronger criterion of inequality comparison between distributions. Bossmann et al. (2007) use the coefficient of varation as the inequality measure. Our Lorenz dominance result implies their result. We also strengthen two other conclusions in Bossmann et al. (2007). Earnings ability inheritance could increase wealth inequality and estate taxes could decrease wealth inequality.
Item Type:  MPRA Paper 

Original Title:  Intergenerational links, taxation, and wealth distribution 
Language:  English 
Keywords:  Wealth inequality; Bequest motives; Inheritance of earings ability; Estate taxes; Lorenz dominance 
Subjects:  D  Microeconomics > D3  Distribution > D31  Personal Income, Wealth, and Their Distributions E  Macroeconomics and Monetary Economics > E2  Consumption, Saving, Production, Investment, Labor Markets, and Informal Economy > E21  Consumption ; Saving ; Wealth H  Public Economics > H2  Taxation, Subsidies, and Revenue > H23  Externalities ; Redistributive Effects ; Environmental Taxes and Subsidies 
Item ID:  39511 
Depositing User:  Unnamed user with email ecszhus@nus.edu.sg 
Date Deposited:  18. Jun 2012 02:50 
Last Modified:  14. Feb 2013 17:59 
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URI:  https://mpra.ub.unimuenchen.de/id/eprint/39511 