|
| |
| Pascal Belan and Erwan Moussault |
| |
| ''Long-run inheritance tax and capital income tax with rational altruism'' |
| ( 2021, Vol. 41 No.1 ) |
| |
| |
| We consider a two-period overlapping generation model with rational altruism
à la Barro. The government finances public spending with taxes on labor income, capital income and inheritance. We show that, in the long-run, inheritance tax and capital income tax are generally different from zero, even if the optimal tax policy leads to the modified Golden-rule. |
| |
| |
| Keywords: inheritance tax, capital income tax, altruism. |
JEL: D6 - Welfare Economics: General
H2 - Taxation, Subsidies, and Revenue: General |
| |
| Manuscript Received : Jun 17 2020 | | Manuscript Accepted : Mar 10 2021 |
|
