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ralph lauren polo

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

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