Bequest Taxes and Accumulation of Household Wealth: U.S.-Japan Comparison
Thomas A. Barthold and
Takatoshi Ito ()
Discussion Paper Series from Institute of Economic Research, Hitotsubashi University
The objective of this paper is two-fold. First, we describe and compare the gift and bequest (estate) tax systems in the United States and Japan. Second, we use tax data to estimate the magnitude of inter-generational transfers. The magnitude of intergenerational transfers provides aid intermining how much outstanding wealth is obtained through intergenerational transfers, an issue of current controversy. In both Japan and the United States, a substantial portion of wealth, and especially of land in Japan, is bequeathed from a generation to next.
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Chapter: Bequest Taxes and Accumulation of Household Wealth: U.S.-Japan Comparison (1992)
Working Paper: Bequest Taxes and Accumulation of Household Wealth: U.S. - Japan Comparison (1991)
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Persistent link: https://EconPapers.repec.org/RePEc:hit:hituec:a233
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