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Journals / Central Bank Review / 2017 / Cilt: 17 - Sayı: 4

Intergenerational disagreements in labor supply and optimal bequest taxation

Hakkı YAZICI
Pages
127–130
DOI
—
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This is an openaccess article under the CC BY-NC-ND license (http://creativecommons.org/licenses/by-nc-nd/4.0/)

📌 3 Key Takeaways

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Objective & Hypothesis:This paper studies optimal taxation of bequests in a model where altruistic parents and their offspringdisagree on the offspring's labor supply decision.
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Key Findings & Data:I show that whenever offspring is too lazy from theparent's perspective and there are income effects on labor supply, optimal policy involves a subsidy onbequests.© 2017 Central Bank of The Republic of Turkey.
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Conclusion & Impact:This is an openaccess article under the CC BY-NC-ND license (http://creativecommons.org/licenses/by-nc-nd/4.0/)
🔬Design:Modeling & Simulation
📍Scope:2017 Verileri
⚙️Variables:Domain Parameters

Abstract

This paper studies optimal taxation of bequests in a model where altruistic parents and their offspringdisagree on the offspring's labor supply decision. I show that whenever offspring is too lazy from theparent's perspective and there are income effects on labor supply, optimal policy involves a subsidy onbequests.© 2017 Central Bank of The Republic of Turkey. Production and hosting by Elsevier B.V. This is an openaccess article under the CC BY-NC-ND license (http://creativecommons.org/licenses/by-nc-nd/4.0/)

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Cite This Article

YAZICI, H. (2017). Intergenerational disagreements in labor supply and optimal bequest taxation. Central Bank Review, Cilt: 17 - Sayı: 4, 127–130. https://ajindex.com/articles/143839

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References (2)

  1. Bernheim, B.D., 1989. Intergenerational altruism, dynastic equilibria and social welfare. Rev. Econ. Stud. 56 (1), 119e128. Clarke, E.J., Preston, M., Raksin, J., Bengtson, V.L., 1999. Types of conflicts and tensions between older parents and adult children. Gerontologist 39 (3), 261e270. Cremer, H., Pestieau, P., 2011. Wealth and wealth transfer taxation: a survey. In: Albi, E., Martinez-Vasquez, J. (Eds.), The Elgar Guide to Tax Systems. Edward Elgar, Northampton, MA, pp. 183e217. Farhi, E., Werning, I., 2010. Progressive estate taxation. Q. J. Econ. 125 (2), 635e673. Kaplow, L., 1995. A note on subsidizing gifts. J. Public Econ. 58 (3), 469e477. Kaplow, L., 2001. A framework for assessing estate and gift taxation. In: Gale, W., Hines, J., Slemrod, J. (Eds.), Rethinking Estate and Gift Taxation. Brookings Institution Press.
  2. Kopczuk, W., 2009. Economics of estate taxation: a brief review of theory and evidence. Tax. Law Rev. 63 (1), 139e157. Pavoni, N., Yazici, H., 2017. Intergenerational disagreements and optimal taxation of parental transfers. Rev. Econ. Stud. 84 (3), 1264e1305. Piketty, T., Saez, E., 2013. A theory of optimal inheritance taxation. Econometrica 81 (5), 1851e1886.