Do Transfer Taxes Reduce Intergenerational Transfers?
Tullio Jappelli (),
Mario Padula () and
CSEF Working Papers from Centre for Studies in Economics and Finance (CSEF), University of Naples, Italy
We estimate the effect of taxes on intergenerational transfers exploiting a sequence of Italian reforms culminating with the abolishment of transfer taxes. We use the 1993-2006 Survey of Household Income and Wealth, which has data on real estate transfers received and information on potential donors as well as recipients. Differences-in-differences estimates indicate that the abolition of transfer taxes increased the probability that high-wealth donors make a transfer by 2 percentage points and square meters transferred by 5.5 meters relative to poorer donors. Since we have data only on real estate transfers, we cannot rule out that the effect of the reform reflects also a change in the composition of transfers.
Keywords: Transfer Taxes; Intergenerational Transfers. Intergenerational Mobility (search for similar items in EconPapers)
JEL-codes: H24 E21 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-pub
Date: 2010-01-18, Revised 2011-09-27
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Published in Journal of the European Economic Association, Volume 12, Issue 1, pages 248-275.
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Journal Article: DO TRANSFER TAXES REDUCE INTERGENERATIONAL TRANSFERS? (2014)
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Persistent link: https://EconPapers.repec.org/RePEc:sef:csefwp:243
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