Bequest and Inheritance: Empirical Issues and France-U.S. Comparison

Arrondel, Luc; Masson, André

doi:10.1007/978-3-662-03343-2_4

Cited by 35 publications

(28 citation statements)

References 30 publications

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“…See also the recent survey by Boadway et al (2010). 2 For an empirical survey, see Arrondel et al (1997), Pestieau (2003) and Gale et al (2000). This is not the first theoretical survey.…”

Section: Introductionmentioning

confidence: 99%

The Tax Treatment of Intergenerational Wealth Transfers

Cremer¹

2011

CESifo Economic Studies

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This article surveys the theoretical literature on wealth transfer taxation. The focus is normative: we are looking at the design of an optimal tax structure from the standpoint of both equity and efficiency. The gist of this survey is that the optimal design crucially depends on the assumed bequest motives. Alternative bequest motives are thus analyzed either in isolation or combined. (JEL codes: H21, H23, H24, E6, D64)

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“…See also the recent survey by Boadway et al (2010). 2 For an empirical survey, see Arrondel et al (1997), Pestieau (2003) and Gale et al (2000). This is not the first theoretical survey.…”

Section: Introductionmentioning

confidence: 99%

The Tax Treatment of Intergenerational Wealth Transfers

Cremer¹

2011

CESifo Economic Studies

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“…Another recent contribution with further references on the efficiency question is Grossmann and Poutvaara (2005). 4 There is also a large literature that looks at wealth inequality and bequests from a quantitative perspective. Gokhale et al (2001) are a recent example who also provide an overview of previous work.…”

Section: Introductionmentioning

confidence: 99%

Bequests, taxation and the distribution of wealth in a general equilibrium model

Bossmann¹,

Kleiber

Wälde

2007

Journal of Public Economics

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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 measure of equality, bequests per se diminish the inequality of wealth since they raise private savings and hence average wealth holdings more than the dispersion of wealth. From a policy perspective, taxing bequests and redistributing government revenue lump-sum among the young generation further decreases wealth inequality. These results also hold when measuring inequality by the Gini coefficient.

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“…Dunn and Phillips (1997) find, using US data, that gifts are compensatory; the higher earnings of a child the smaller the received gift. Most empirical studies of estate division find equal division; see Menchik (1988) for the U.S. and Arrondel et al (1997) for France.…”

Section: Introductionmentioning

confidence: 99%

Post mortem reputation, compensatory gifts and equal bequests

Lundholm

Ohlsson

2000

Economics Letters

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The empirical evidence suggests that parents use inter vivos gifts (i.e., transfers of tangible and financial property) to compensate less well off children whereas post mortem bequests are divided equally among siblings. We study a theoretical model assuming, first, that the amounts given is private information, only known to the donor and the donee, while the amounts bequeathed is public information. Second, we assume that parents care about the reputation that their bequest behavior will leave them after their death. More specifically, this reputation is deteriorating in the difference in amounts inherited. We show that, given these assumptions, the optimal choice of altruistic parents is compensatory gifts and equal bequests.JEL: D10, D31, D63, D64.

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Bequest and Inheritance: Empirical Issues and France-U.S. Comparison

Cited by 35 publications

References 30 publications

The Tax Treatment of Intergenerational Wealth Transfers

The Tax Treatment of Intergenerational Wealth Transfers

Bequests, taxation and the distribution of wealth in a general equilibrium model

Post mortem reputation, compensatory gifts and equal bequests

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