Accidental Bequests
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Accidental Bequests
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Author : Helmuth Cremer
language : en
Publisher:
Release Date : 2012
Accidental Bequests written by Helmuth Cremer and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2012 with categories.
When accidental bequests signal otherwise unobservable individual characteristics, such as productivity and longevity, the population should be partitioned into two groups: those who do not receive an inheritance and those who do. The first tagged group receives a Mirrlees second-best tax schedule; the second group, when its type is fully revealed, faces 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 bequest tax of more than 100 percent, while low-ability types face a bequest tax that can be smaller, as well as larger, than 100 percent, and it might even be negative.
Intended And Accidental Bequests In A Life Cycle Economy
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Author : Lutz Hendricks
language : en
Publisher:
Release Date : 2002
Intended And Accidental Bequests In A Life Cycle Economy written by Lutz Hendricks and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2002 with categories.
This paper studies quantitative importance of accidental versus intended bequests. Bequests are decomposed into accidental and intended components by comparing the implications of a standard life-cycle model under alternative assumptions about bequest motives. The main finding is that accidental bequests account for at least half, and perhaps for all of observed bequests. The paper then examines how assumptions about bequest motives affect the effects of income tax changes. In contrast to previous research, I find that bequest motives are not important for the analysis of capital income taxation. The effects of labor income taxes are reduced by altruistic bequests, but the role played by bequests is much weaker than suggested by previous models.
Premature Deaths Accidental Bequests And Fairness
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Author : Marc Fleurbaey
language : en
Publisher:
Release Date : 2017
Premature Deaths Accidental Bequests And Fairness written by Marc Fleurbaey and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2017 with categories.
Are Bequests Accidental Or Desired
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Author : Michael D. Hurd
language : en
Publisher:
Release Date : 2003
Are Bequests Accidental Or Desired written by Michael D. Hurd and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2003 with Distribution of decedents' estates categories.
Accidental Bequests Social Security And The Distribution Of Wealth
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Author : Gerhard Schwödiauer
language : de
Publisher:
Release Date : 1988
Accidental Bequests Social Security And The Distribution Of Wealth written by Gerhard Schwödiauer and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1988 with categories.
Death And Dollars
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Author : Alicia H. Munnell
language : en
Publisher: Rowman & Littlefield
Release Date : 2004-05-13
Death And Dollars written by Alicia H. Munnell and has been published by Rowman & Littlefield this book supported file pdf, txt, epub, kindle and other format this book has been release on 2004-05-13 with Business & Economics categories.
Despite the recent downturn in the stock market, the 1990s boom and the shift to defined contribution plans mean that more individuals will have significant wealth upon retirement. How they use that wealth will determine not only their own well-being, but also the living standards of their children, the resources available to philanthropies, and the level of investment capital in the economy. This volume explores the reasons why people save, how they decide to allocate their wealth once they retire, and how givers select their beneficiaries. It also assesses the extent to which the estate tax and annuitization of retirement wealth affects the amount and nature of wealth transfers. Finally, it looks at the impact of wealth transfers––first on the amount of aggregate saving and capital accumulation, and then on the distribution of wealth among households. Several conclusions emerge. First, gifts and bequests are important; they may account for about half of total wealth in America. Second, rich people make most of the wealth transfers. They are thoughtful about how much they pay in taxes and how they dispose of their wealth. They care about philanthropic causes and view their charitable contributions as more than a way to avoid paying estate taxes. Third, most nonrich people probably have some lexicographic preferences about the disposition of their wealth; they want to ensure they have adequate resources to take care of their own needs, and if money is left over, they would like it to go to their children. Fourth, little support has emerged for the pure altruistic model of bequests. Fifth, institutions matter. In the case of the rich, the estate tax probably reduces saving and increases bequests to charity. In the case of the nonrich, the shift to defined contribution plans will at a minimum mean that they have more wealth in their hands when they die, and therefore they will leave larger accidental bequests. It might also increase their interest in lea
Accidental Bequests And Approximate Ricardian Equivalence In The Blanchard Yaari Model
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Author : James Pemberton
language : en
Publisher:
Release Date : 1996
Accidental Bequests And Approximate Ricardian Equivalence In The Blanchard Yaari Model written by James Pemberton and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1996 with Inheritance and succession categories.
Bequests And Heterogeneity In Retirement Wealth
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Author : Mariacristina De Nardi
language : en
Publisher:
Release Date : 2014
Bequests And Heterogeneity In Retirement Wealth written by Mariacristina De Nardi and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2014 with Economics categories.
Households hold vastly heterogenous amounts of wealth when they reach retirement, and differences in lifetime earnings explain only part of this variation. This paper studies the role of intergenerational transmission of ability, voluntary bequest motives, and the recipiency of accidental and intended bequests (both in terms of timing and size), in generating wealth dispersion at retirement, in the context of a rich quantitative model. Modeling voluntary bequests, and realistically calibrating them, not only generates more wealth dispersion at retirement and reduces the correlation between retirement wealth and lifetime income, but also generates a skewed bequest distribution that is close to the one in the observed data.
Savings And Bequests
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Author : Toshiaki Tachibanaki
language : en
Publisher: University of Michigan Press
Release Date : 1994
Savings And Bequests written by Toshiaki Tachibanaki and has been published by University of Michigan Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 1994 with Business & Economics categories.
How do bequests explain differences in savings behavior between countries?
Is Inheritance Legitimate
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Author : Guido Erreygers
language : en
Publisher: Springer Science & Business Media
Release Date : 2013-03-09
Is Inheritance Legitimate written by Guido Erreygers and has been published by Springer Science & Business Media this book supported file pdf, txt, epub, kindle and other format this book has been release on 2013-03-09 with Business & Economics categories.
The debate on inheritance and inheritance taxation has always been linked with the " efficiency versus equity issue". Some consider inheritance taxes as highly appropriate means to bring forth more economic equality, especially equality in starting conditions. Others openly doubt the effectiveness of inheritance taxes in this domain, and point out that the negative effects may outweigh the positive. Some go as far as to say that high inheritance taxes threaten fundamental ethical values and should therefore be abolished. In this book both economists and philosophers try to disentangle these and related theoretical issues. It gives an overview of what economists and philosophers have to say on the matter, and confronts and discusses two radically opposed reform proposals.