Democracy, War, and Wealth: Lessons from Two Centuries of Inheritance Taxation. Scheve, K. & Stasavage, D. American Political Science Review, 106(1):81–102, February, 2012. ![Democracy, War, and Wealth: Lessons from Two Centuries of Inheritance Taxation [link]](https://bibbase.org/img/filetypes/link.svg "link")
Link Comparative inheritance taxation database Database codebook doi abstract bibtex 15 downloads In this article we use an original data set to provide the first empirical analysis of the political economy of inherited wealth taxation that covers a significant number of countries and a long time frame (1816– 2000). Our goal is to understand why, if inheritance taxes are often very old taxes, the implementation of inheritance tax rates significant enough to affect wealth inequality is a much more recent phenomenon. We hypothesize alternatively that significant taxation of inherited wealth depended on (1) the extension of the suffrage and (2) political conditions created by mass mobilization for war. Using a difference-in-differences framework for identification, we find little evidence for the suffrage hypothesis but very strong evidence for the mass mobilization hypothesis. Our study has implications for understanding the evolution of wealth inequality and the political conditions under which countries are likely to implement policies that significantly redistribute wealth and income.
@article{ScheveStasavage2012,
title = {Democracy, War, and Wealth: Lessons from Two Centuries of Inheritance Taxation},
author = {Scheve, Kenneth and Stasavage, David},
year = {2012},
month = feb,
journal = {American Political Science Review},
volume = {106},
number = {1},
pages = {81--102},
doi = {10.1017/S0003055411000517},
url = {https://doi.org/10.1017/S0003055411000517},
abstract = {In this article we use an original data set to provide the first empirical analysis of the political economy of inherited wealth taxation that covers a significant number of countries and a long time frame (1816\textendash 2000). Our goal is to understand why, if inheritance taxes are often very old taxes, the implementation of inheritance tax rates significant enough to affect wealth inequality is a much more recent phenomenon. We hypothesize alternatively that significant taxation of inherited wealth depended on (1) the extension of the suffrage and (2) political conditions created by mass mobilization for war. Using a difference-in-differences framework for identification, we find little evidence for the suffrage hypothesis but very strong evidence for the mass mobilization hypothesis. Our study has implications for understanding the evolution of wealth inequality and the political conditions under which countries are likely to implement policies that significantly redistribute wealth and income.},
keywords = {{Data Sources: Estate, Inheritance, and Gift Taxes},{Estate, Inheritance, and Gift Taxes}},
url_comparative_inheritance_taxation_database = {https://bibbase.org/network/publication/plagge-scheve-stasavage-comparativeinheritancetaxationdatabase-2010},
url_database_codebook = {https://bibbase.org/network/publication/plagge-scheve-stasavage-comparativeinheritancetaxationdatabasecodebook-2011}
}
Downloads: 15
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