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This paper studies optimal taxation of bequests in a model where altruistic parents and their offspring disagree on the offspring's labor supply decision. I show that whenever offspring is too… Click to show full abstract
This paper studies optimal taxation of bequests in a model where altruistic parents and their offspring disagree on the offspring's labor supply decision. I show that whenever offspring is too lazy from the parent's perspective and there are income effects on labor supply, optimal policy involves a subsidy on bequests.
Keywords:
labor;
intergenerational disagreements;
taxation;
labor supply;
supply optimal
Journal Title: Central Bank Review
Year Published: 2017
Link to full text (if available)
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Journal Title: Central Bank Review
Year Published: 2017
Link to full text (if available)
Share on Social Media: Sign Up to like & get
recommendations!