Does the Inheritance and Gift Tax reduce wealth inequality? It depends

Julio López-Laborda

No 2024-06, Working Papers from FEDEA

Abstract: The paper determines the conditions for inheritances or gifts, first, and the Inheritance and Gift Tax (IGT), next, to reduce wealth inequality in the short run. The results show that it may not be sufficient for IGT to be progressive to reduce inequality in the distribution of wealth, but that it must be progressive enough to reinforce or reverse, as appropriate, the effect of inheritances on wealth inequality. The paper shows the conditions for this requirement to be met.

Date: 2024-07
New Economics Papers: this item is included in nep-pbe and nep-pub
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