The Tax Treatment of Intergenerational Wealth Transfers

Pestieau, Pierre; Cremer, Helmuth

doi:10.1093/cesifo/ifr014

Download

Article (Scientific journals)

The Tax Treatment of Intergenerational Wealth Transfers

Pestieau, Pierre; Cremer, Helmuth

2011 • In CESifo Economic Studies

Peer reviewed

Permalink
https://hdl.handle.net/2268/118992

DOI
10.1093/cesifo/ifr014

Files (1)Send to Details Statistics Bibliography Similar publications

Files

Full Text

cesifo.ifr014.full.pdf

Publisher postprint (296.96 kB)

Download

All documents in ORBi are protected by a user license.

Send to

RIS BibTex APA Chicago Permalink X Linkedin

Details

Keywords :

Estate tax; inheritance tax; bequests; public finance

Abstract :

[en] 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.

Disciplines :

Economic systems & public economics

Author, co-author :

Pestieau, Pierre ; Université de Liège - ULiège > HEC-Ecole de gestion > HEC-Ecole de gestion

Cremer, Helmuth

Language :

English

Title :

The Tax Treatment of Intergenerational Wealth Transfers

Publication date :

2011

Journal title :

CESifo Economic Studies

ISSN :

1610-241X

eISSN :

1612-7501

Publisher :

Oxford University Press, Oxford, United Kingdom

Peer reviewed :

Peer reviewed

Available on ORBi :

since 02 May 2012

Statistics

Number of views

123 (11 by ULiège)

Number of downloads

857 (10 by ULiège)

More statistics

Scopus citations^®

Scopus citations^®
without self-citations

OpenCitations

OpenAlex citations

Bibliography

Aaron, H.J., Munnell, A.H., Reassessing the Role for Wealth Transfer Taxes (1992) National Tax Journal, 45, pp. 119-143
Abel, A.B., Precautionary Saving and Accidental Bequests (1985) American Economic Review, 75, pp. 777-791
Altonji, J.G., Hayashi, F., Kotlikoff, L.J., Is the Extended Family Altruistically Linked? Direct Tests using Micro Data (1992) American Economic Review, 105, pp. 1121-1166
Andreoni, J., Impure Altruism and Donations to Public Goods: a Theory of Warm-Glow Giving? (1990) Economic Journal, 100, pp. 464-477
Arrondel, L., Masson, A., Pestieau, P., Bequests and Inheritance: Empirical Issues and French-US Comparison (1997) Is Inheritance Legitimate? Ethical and Economic Aspects of Wealth Transfers, pp. 89-125. , G. Erreygers and T. Vandevelde, eds., Springer, Berlin
Atkinson, A.B., Sandmo, A., Welfare Implications of the Taxation of Savings (1980) Economic Journal, 90, pp. 529-549
Atkinson, A.B., Stiglitz, J.E., The Structure of Indirect Taxation and Economic Efficiency (1972) Journal of Public Economics, 1, pp. 97-119
Atkinson, A.B., Stiglitz, J.E., The Design of Tax Structure: Direct Versus Indirect Taxation (1976) Journal of Public Economics, 6, pp. 55-75
Atkinson, A.B., Stiglitz, J.E., (1980) Lectures in Public Economics, , McGraw Hill, New York
Banks, J., Diamond, P., The Base for Direct Taxation (2010) Dimensions of Tax Design. The Mirrlees Review, pp. 548-674. , Insitute of Fiscal Studies, eds. Oxford University Press, Oxford
Batina, R., Ihori, T., (2000) Consumption Tax Policy and the Taxation of Capital Income, , Oxford University Press Oxford
Barro, R., Are Government Bonds Net Wealth? (1974) Journal of Political Economy, 82, pp. 1095-1117
Becker, G.S., Tomes, N., An Equilibrium Theory of the Distribution of Income and Intergenerational Mobility (1979) Journal of Political Economy, 87, pp. 1153-1189
Becker, G.S., Tomes, N., Human Capital and the Rise and Fall of Families (1986) Journal of Labor Economics, 4, pp. S1-S39
Benabou, R., Tax and Education Policy in an Heterogenous Agent Economy: What Levels of Redistribution Maximize Growth and Efficiency? (2002) Econometrica, 70, pp. 481-517
Bernheim, B.D., Shleifer, A., Summers, L.H., The Strategic Bequest Motive (1985) Journal of Political Economy, 93, pp. 1045-1076
Bevan, D.L., Stiglitz, J.E., Intergenerational Transfers and Inequality (1979) Greek Economic Review, 1, pp. 8-26
Blumkin, T., Sadka, E., Estate Taxation (2004) Journal of Public Economics, 88, pp. 1-21
Boadway, R., Marchand, M., Pestieau, P., Redistribution with Unobservable Bequests: a Case for Capital Income Tax (2000) Scandinavian Journal of Economics, 102, pp. 1-15
Boadway, R., Chamberlain, E., Emmerson, C., Taxation of Wealth and Wealth Transfers (2010) Dimensions of Tax Design. The Mirrlees Review, pp. 737-814. , Insitute of Fiscal Studies, eds,. Oxford University Press, Oxford
Brenner, G.A., Why did Inheritance Laws Change? (1985) International Review of Law and Economics, 5, pp. 91-106
Chamley, C., Optimal Taxation of Capital Income in General Equilibrium with Infinite Lives (1986) Economica, 54, pp. 607-622
Cigno, S., (1991) Economics of the Family, , Oxford University Press, Oxford
Coleman, W.J., Welfare and Optimum Dynamic Taxation of Consumption and Income (2000) Journal of Public Economic, 76, pp. 1-39
Cox, D., Motives for Private Income Transfers (1987) Journal of Political Economy, 95, pp. 508-546
Cremer, H., Pestieau, P., A Case for Differential Inheritance Taxation (1988) Annales d'Economie et de Statistiques, 9, pp. 167-182
Cremer, H., Pestieau, P., Bequest, Filial Attention and Fertility (1991) Economica, 58, pp. 359-375
Cremer, H., Pestieau, P., Bequests as a "Heir Discipline Device" (1996) Journal of Population Economics, 9, pp. 405-414
Cremer, H., Pestieau, P., Delaying Inter Vivos Transmission under Asymmetric Information (1998) Southern Economic Journal, 65, pp. 322-331
Cremer, H., Pestieau, P., Non-linear Taxation of Bequests, Equal Sharing Rules and The Trade-off Between Intra- and Inter-Family Inequalities (2001) Journal of Public Economics, 79, pp. 35-54
Cremer, H., Pestieau, P., Intergenerational Transfer of Human Capital and Optimal Income Taxation (2006) Journal of Public Economic Theory, 8, pp. 529-545
Cremer, H., Pestieau, P., Wealth Transfer Taxation: a Survey of the Theoretical Literature (2006) Handbook on Altruism Giving and Reciprocity, 2, pp. 1108-1134. , S.C. Kolm and J. Mercier Ythier, eds. North Holland, Amsterdam
Cremer, H., Kessler, D., Pestieau, P., Education for Attention: a Nash Bargaining Solution to the Bequest-as-Exchange Model (1993) Public Finance, 48, pp. 85-97
Cremer, H., Pestieau, P., Rochet, J.-C., Direct Versus Indirect Taxation: the Design of the Tax Structure Revisited (2001) International Economic Review, 42, pp. 781-799
Cremer, H., Pestieau, P., Rochet, J.-C., Capital Income Taxation when Inherited Wealth is not Observable (2003) Journal of Public Economics, 87, pp. 2475-2490
Davies, J.B., Uncertain Lifetime, Consumption and Dissaving in Retirement (1981) Journal of Political Economy, 89, pp. 561-577
Diamond, P., National Debt in a Neoclassical Growth Model (1965) American Economic Review, 58, pp. 1126-1150
Diamond, P., Comment on M. Golosov, A. Tsyvinski, I. Werning, New Dynamic Public Finance: A User's Guide (2007) NBER Macroeconomics Annual 2006, pp. 365-379
Erregeyers, G., Vandevelde, T., (1997) Is Inheritance Legitimate? Ethical and Economic Aspects of Wealth Transfers, , Springer, Berlin
Gale, W.G., Hines, J.R., Slemrod, J., (2000) Rethinking Estate and Gift Taxation, , Brookings Institution Washington DC
Glomm, G., Ravikunar, R., Public Versus Private Investment in Human Capital: Endogenous Growth and Income Inequality (1992) Journal of Political Economy, 100, pp. 818-834
Golosov, M., Tsyvinski, A., Werning, I., New Dynamic Public Finance: A User's Guide (2007) NBER Macroeconomics Annual, 2006, pp. 317-363
Grossmann, V., Poutvaara, P., Pareto-Improving Bequest Taxation (2009) International Tax and Public Finance, 16, pp. 647-669
Hammond, P., Altruism (1988) New Palgrave: a Dictionary of Economics, pp. 85-87. , J. Eatwell, M. Milgate and P. Newman, eds., Macmillan Press, London
Harsanyi, J., A Theory of Social Values and a Rule Utilitarian Theory of Morality (1995) Social Choice and Welfare, 12, pp. 319-344
Judd, K.L., Redistributive Taxation in a Simple Perfect Foresight Model (1985) Journal of Public Economics, 28, pp. 59-83
Kaplow, L., A Framework for Assessing Estate and Gift Taxation (2000) Rethinking Estate and Gift Taxation, , W.G. Gale, J.R. Hines and J. Slemrod, eds. Brookings Institution, Washington DC
Kopczuk, W., (2001) Optimal Estate Taxation in the Steady-State, , unpublished
Kopczuk, W., Trick is to Live. Is the Estate Tax Social Security for the Rich? (2003) Journal of Political Economy, 111, pp. 1318-1341
Kotlikoff, L.J., Spivak, A., The Family as an Incomplete Annuities Market (1981) Journal of Political Economy, 89, pp. 372-391
Masson, A., Pestieau, P., Bequests Motives and Models of Inheritance: a Survey of the Literature (1997) Is Inheritance Justified?, pp. 54-88. , G. Erreygers and T. Vandevelde, eds. Springer, Berlin
Michel, P., Pestieau, P., Fiscal Policy in a Growth Model with both Altruistic and Non-Altruistic Agents (1998) Southern Economic Journal, 64, pp. 682-697
Michel, P., Pestieau, P., Fiscal Policy in a Growth Model where Individuals Differ with Regard to Altruism and Labor Supply (1999) Journal of Public Economic Theory, 1, pp. 187-203
Michel, P., Pestieau, P., Tax-Transfer Policy with Altruists and Non-altruists (2000) TheEconomics of Reciprocity, Giving and Altruism, pp. 275-284. , L.A. Gérard-Varet, S.C. Kolm and J. Mercier Ythier, eds., Macmillan, International Economic Association, London
Michel, P., Pestieau, P., (2002) Wealth Transfer Taxation with both Accidental and Desired Bequests, , unpublished
Michel, P., Pestieau, P., Fiscal Policy with Agents Differing in Altruism and in Ability (2005) Economica, 72, pp. 121-136
Pestieau, P., Optimal Taxation and Discount Rate for Public Investment in a Growth Setting (1974) Journal of Public Economics, 3, pp. 217-235
Pestieau, P., Gifts, Wills and Inheritance Law (2000) Encyclopedia of Law and Economics, 3, pp. 888-906. , B. Bouckaert and G. De Geest, eds., Edward Edgar, Northampton, MA
Pestieau, P., The Role of Gift and Estate Transfers in the United States and in Europe (2003) Death and Dollars, pp. 64-85. , A. Munnell and A. Sunden, eds. The Brookings Institution Press, Washington DC
Pestieau, P., Sato, M., Estate Taxation with both Accidental and Planned Bequests (2008) Asia-Pacific Journal of Accounting and Economics (APJAE), 15, pp. 223-240
Pestieau, P., Thibault, E., Love thy Children or Money -Reflections on Debt Neutrality and Estate Taxation (2011) Economic Theory (forthcoming)
Ramsey, F.P., A Mathematical Theory of Saving (1928) Economic Journal, 38, pp. 543-559
Rosenthal, P.A., Pratiques Successorales et Fécondité (1991) Economie et Prévision, pp. 100-101. , 231-238
Saez, E., (2002) Optimal Progressive Capital Income Taxes in the Infinite Horizon Model, , NBER Working Paper No. 9046
Smith, R.S., Personal Wealth Taxation and the European Union (2001), University of Alberta, unpublished
Stiglitz, J.E., Equality, Taxation and Inheritance (1977) Personal Income Distribution, pp. 271-303. , W. Krelle and A. Shorrocks, eds., North-Holland, Amsterdam
Stiglitz, J.E., Notes on Estate Taxes, Redistribution and the Concept of Balanced Growth Path Incidence (1978) Journal of Political Economy, 86, pp. 137-150
Stiglitz, J.E., Pareto Efficient and Optimal Taxation in the New Welfare Economics (1987) Handbook of Public Economics, 2, pp. 991-1042. , A.J. Auerbach and M. Feldstein, eds. North-Holland, Amsterdam