Inheritance Taxation: Redistribution and Predistribution. Cowell, F. A., Van de gaer , D., & He, C. In Bishop, J. A & Rodríguez, J. G., editors, Inequality, Taxation and Intergenerational Transmission, volume 26, of Research on Economic Inequality, pages 1–13. Emerald Publishing Limited, 2018. Section: 1
Inheritance Taxation: Redistribution and Predistribution [link]Paper  doi  abstract   bibtex   
It is well known that taxes on the transfer of wealth typically raise very little revenue. However, this does not mean that they are ineffective as tools for redistribution. In this chapter, we show how important such taxes can be in the long-run distribution of wealth, reducing equilibrium inequality (the “predistribution” effect) by a much larger amount than what is apparent in terms of the immediate impact of the tax (the “redistribution” effect).
@incollection{cowell_inheritance_2018,
	series = {Research on {Economic} {Inequality}},
	title = {Inheritance {Taxation}: {Redistribution} and {Predistribution}},
	volume = {26},
	isbn = {978-1-78756-458-9 978-1-78756-457-2},
	url = {https://doi.org/10.1108/S1049-258520180000026002},
	abstract = {It is well known that taxes on the transfer of wealth typically raise very little revenue. However, this does not mean that they are ineffective as tools for redistribution. In this chapter, we show how important such taxes can be in the long-run distribution of wealth, reducing equilibrium inequality (the “predistribution” effect) by a much larger amount than what is apparent in terms of the immediate impact of the tax (the “redistribution” effect).},
	booktitle = {Inequality, {Taxation} and {Intergenerational} {Transmission}},
	publisher = {Emerald Publishing Limited},
	author = {Cowell, Frank A. and Van de gaer, Dirk and He, Chang},
	editor = {Bishop, John A and Rodríguez, Juan Gabriel},
	year = {2018},
	doi = {10.1108/S1049-258520180000026002},
	note = {Section: 1},
	pages = {1--13},
}

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