Estate taxation, entrepreneurship, and wealth:
We study the effects of abolishing estate taxation in a quantitative and realistic framework that includes the key features that policy makers are worried about: business investment, borrowing constraints, estate transmission, and wealth inequality. We use our model to estimate effective estate taxa...
Gespeichert in:
| Beteiligte Personen: | , |
|---|---|
| Format: | Buch |
| Sprache: | Englisch |
| Veröffentlicht: |
Cambridge, Mass.
National Bureau of Economic Research
2007
|
| Schriftenreihe: | Working paper series / National Bureau of Economic Research
13160 |
| Links: | http://papers.nber.org/papers/w13160.pdf |
| Zusammenfassung: | We study the effects of abolishing estate taxation in a quantitative and realistic framework that includes the key features that policy makers are worried about: business investment, borrowing constraints, estate transmission, and wealth inequality. We use our model to estimate effective estate taxation. We consider various tax instruments to reestablish fiscal balance when abolishing estate taxation. We find that abolishing estate taxation would not generate large increases in inequality, and would, in some cases, generate increases in aggregate output and capital accumulation. If, however, the resulting revenue shortfall were financed through increased income or consumption taxation, the immensely rich, and the old among those in particular, would experience a welfare gain, at the cost of welfare losses for the vast majority of the population. |
| Beschreibung: | Literaturverz. S. 41 - 43 |
| Umfang: | 46 S. graph. Darst. 22 cm |
Internformat
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| 520 | 8 | |a We study the effects of abolishing estate taxation in a quantitative and realistic framework that includes the key features that policy makers are worried about: business investment, borrowing constraints, estate transmission, and wealth inequality. We use our model to estimate effective estate taxation. We consider various tax instruments to reestablish fiscal balance when abolishing estate taxation. We find that abolishing estate taxation would not generate large increases in inequality, and would, in some cases, generate increases in aggregate output and capital accumulation. If, however, the resulting revenue shortfall were financed through increased income or consumption taxation, the immensely rich, and the old among those in particular, would experience a welfare gain, at the cost of welfare losses for the vast majority of the population. | |
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Datensatz im Suchindex
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| author | Cagetti, Marco De Nardi, Mariacristina |
| author_GND | (DE-588)132684764 (DE-588)130466387 |
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| format | Book |
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| id | DE-604.BV023593069 |
| illustrated | Illustrated |
| indexdate | 2024-12-20T13:23:19Z |
| institution | BVB |
| language | English |
| oai_aleph_id | oai:aleph.bib-bvb.de:BVB01-016908399 |
| oclc_num | 255725265 |
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| physical | 46 S. graph. Darst. 22 cm |
| publishDate | 2007 |
| publishDateSearch | 2007 |
| publishDateSort | 2007 |
| publisher | National Bureau of Economic Research |
| record_format | marc |
| series2 | Working paper series / National Bureau of Economic Research |
| spelling | Cagetti, Marco Verfasser (DE-588)132684764 aut Estate taxation, entrepreneurship, and wealth Marco Cagetti ; Maríacristina De Nardi Cambridge, Mass. National Bureau of Economic Research 2007 46 S. graph. Darst. 22 cm txt rdacontent n rdamedia nc rdacarrier Working paper series / National Bureau of Economic Research 13160 Literaturverz. S. 41 - 43 We study the effects of abolishing estate taxation in a quantitative and realistic framework that includes the key features that policy makers are worried about: business investment, borrowing constraints, estate transmission, and wealth inequality. We use our model to estimate effective estate taxation. We consider various tax instruments to reestablish fiscal balance when abolishing estate taxation. We find that abolishing estate taxation would not generate large increases in inequality, and would, in some cases, generate increases in aggregate output and capital accumulation. If, however, the resulting revenue shortfall were financed through increased income or consumption taxation, the immensely rich, and the old among those in particular, would experience a welfare gain, at the cost of welfare losses for the vast majority of the population. De Nardi, Mariacristina Verfasser (DE-588)130466387 aut Erscheint auch als Online-Ausgabe National Bureau of Economic Research <Cambridge, Mass.> NBER working paper series 13160 (DE-604)BV002801238 13160 http://papers.nber.org/papers/w13160.pdf kostenfrei Volltext |
| spellingShingle | Cagetti, Marco De Nardi, Mariacristina Estate taxation, entrepreneurship, and wealth |
| title | Estate taxation, entrepreneurship, and wealth |
| title_auth | Estate taxation, entrepreneurship, and wealth |
| title_exact_search | Estate taxation, entrepreneurship, and wealth |
| title_full | Estate taxation, entrepreneurship, and wealth Marco Cagetti ; Maríacristina De Nardi |
| title_fullStr | Estate taxation, entrepreneurship, and wealth Marco Cagetti ; Maríacristina De Nardi |
| title_full_unstemmed | Estate taxation, entrepreneurship, and wealth Marco Cagetti ; Maríacristina De Nardi |
| title_short | Estate taxation, entrepreneurship, and wealth |
| title_sort | estate taxation entrepreneurship and wealth |
| url | http://papers.nber.org/papers/w13160.pdf |
| volume_link | (DE-604)BV002801238 |
| work_keys_str_mv | AT cagettimarco estatetaxationentrepreneurshipandwealth AT denardimariacristina estatetaxationentrepreneurshipandwealth |