Inheritance Taxation: Redistribution and Predistribution

Frank Cowell (), Dirk Van de gaer and Chang He

A chapter in Inequality, Taxation and Intergenerational Transmission, 2018, vol. 26, pp 1-13 from Emerald Group Publishing Limited

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).

Keywords: Wealth distribution; inheritance; inheritance taxation; D31; D63 (search for similar items in EconPapers)
Date: 2018
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Citations: View citations in EconPapers (7)

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Working Paper: Inheritance Taxation: Redistribution and Predistribution (2017)
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Persistent link: https://EconPapers.repec.org/RePEc:eme:reinzz:s1049-258520180000026002

DOI: 10.1108/S1049-258520180000026002

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