Replication data for: Estate Taxation, Entrepreneurship, and Wealth
Principal Investigator(s): View help for Principal Investigator(s) Marco Cagetti; Mariacristina De Nardi
Version: View help for Version V1
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MS200405121codes | 10/12/2019 08:55:AM | ||
LICENSE.txt | text/plain | 14.6 KB | 10/12/2019 04:55:AM |
distwhist.m | text/plain | 1.5 KB | 10/12/2019 04:55:AM |
Project Citation:
Cagetti, Marco, and De Nardi, Mariacristina. Replication data for: Estate Taxation, Entrepreneurship, and Wealth. Nashville, TN: American Economic Association [publisher], 2009. Ann Arbor, MI: Inter-university Consortium for Political and Social Research [distributor], 2019-10-12. https://doi.org/10.3886/E113293V1
Project Description
Summary:
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This paper studies the estate tax in a quantitative framework with business
investment, borrowing constraints, estate transmission, and wealth inequality.
We find that the estate tax has little effect on the saving and investment decisions
of small businesses, but does distort the decisions of larger firms, thereby
reducing aggregate output and savings. Removing such distortions by eliminating
the estate tax does not necessarily imply that everyone would be better
off. If other taxes were raised to reestablish fiscal balance, those at the top of
the wealth distribution would experience a large welfare gain, but most of the
population would lose. (JEL D31, E21, H22)
Scope of Project
JEL Classification:
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D31 Personal Income, Wealth, and Their Distributions
E21 Macroeconomics: Consumption; Saving; Wealth
H20 Taxation, Subsidies, and Revenue: General
D31 Personal Income, Wealth, and Their Distributions
E21 Macroeconomics: Consumption; Saving; Wealth
H20 Taxation, Subsidies, and Revenue: General
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