Progressive estate taxation
By: Emmanuel Farhi, Ivan Werning
Contributors: Werning, Ivan; National Bureau of Economic Research
Series: NBER working paper series -- working paper 12600; Working paper series (National Bureau of Economic Research : Online) -- working paper no. 12600.
Publisher: National Bureau of Economic Research
Published: 2006
Place of publication: Cambridge, MA
Language: eng
Format: [electronic resource] /
Description: "For an economy with altruistic parents facing productivity shocks, the optimal estate taxation is progressive: fortunate parents should face lower net returns on their inheritances.  This progressivity reflects optimal mean reversion in consumption, which ensures that a long-run steady state exists with bounded inequality - avoiding immiseration"--National Bureau of Economic Research web site.
Notes: Title from PDF file as viewed on 12/8/2006.

Includes bibliographical references.

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