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Página principal > Documentos de investigación > Working papers > Fiscal policy, composition of intergenerational transfers, and income distribution |
Publicación: | Barcelona: Barcelona GSE Graduate school of economics, 2009 |
Descripción: | 32 pàg. |
Resumen: | In this paper, we characterize the relationship between the initial distribution of human capital and physical inheritances among individuals and the long-run distribution of these two variables. In a model with indivisible investment in education, we analyze how the initial distribution of income determines the posterior intergenerational mobility in human capital and the evolution of intragenerational income inequality. This analysis enables us in turn to characterize the effects of fiscal policy on future income distribution and mobility when the composition of intergenerational transfers is endogenous. We find that a tax on inheritance results in both less intergenerational mobility and smaller investment in human capital. However, a tax on labor income may promote human capital accumulation if the education premium is sufficiently high. |
Ayudas: | Ministerio de Ciencia e Innovación ECO2008-02752 Ministerio de Educación y Ciencia SEJ2006-03879 Ministerio de Educación y Ciencia SEJ2006-05441 Generalitat de Catalunya 2005 / SGR-00447 Generalitat de Catalunya 2005 / SGR-00984 |
Derechos: | Tots els drets reservats. |
Lengua: | Anglès |
Colección: | GSE working paper 387 |
Documento: | Working paper ; recerca ; Versió publicada |
Materia: | Altruism ; Intergenerational Transfers ; Human Capital ; Income distribution |
Publicado en: | GSE graduate school of economics Working Papers, Nº 387 (2009) |
32 p, 321.7 KB |