The New Palgrave Dictionary of Economics

2018 Edition
| Editors: Macmillan Publishers Ltd

Estate and Inheritance Taxes

  • Wojciech Kopczuk
Reference work entry
DOI: https://doi.org/10.1057/978-1-349-95189-5_2634

Abstract

This article briefly describes features of real-life estate and inheritance taxes, economic arguments for and against these types of taxation and empirical evidence on economic distortions associated with such instruments.

Keywords

Bequests Capital gains and losses Charitable contributions Estate taxation Gift taxation Inheritance taxation Progressive and regressive taxation Redistribution of income and wealth Tax avoidance Taxation of income Wealth accumulation 
This is a preview of subscription content, log in to check access

Bibliography

  1. Auten, G., and D. Joulfaian. 2001. Bequest taxes and capital gains realizations. Journal of Public Economics 81: 213–229.CrossRefGoogle Scholar
  2. Bernheim, B.D. 1987. Does the estate tax raise revenue? In Tax policy and the economy, vol. 1, ed. L.H. Summers. Chicago: NBER, Cambridge, MA: MIT Press.Google Scholar
  3. Bernheim, B.D., R. Lemke, and J.K. Scholz. 2004. Do estate and gift taxes affect the timing of private transfers? Journal of Public Economics 88: 2617–2634.CrossRefGoogle Scholar
  4. Brunetti, M. 2006. The estate tax and the demise of the family business. Journal of Public Economics 90: 1975–1993.CrossRefGoogle Scholar
  5. Cooper, G. 1979. A voluntary tax? New perspectives on sophisticated tax avoidance. Washington, DC: Brookings Institution Press.Google Scholar
  6. Farhi, E., and I. Werning. 2007. Progressive estate taxation. Mimeo: MIT Department of Economics. http://econ-www.mit.edu/faculty/download_pdf.php?id=1403.
  7. Gale, W.G. and J. Slemrod 2001. Rethinking the estate and gift taxes: Overview. In eds. Gale, Hines and Slemrod.Google Scholar
  8. Gale, W.G., J.R. Hines Jr., and J. Slemrod, eds. 2001. Rethinking estate and gift taxation. Washington, DC: Brookings Institution Press.Google Scholar
  9. Holtz-Eakin, D., and D. Marples. 2001. Distortion costs of taxing wealth accumulation: Income versus estate taxes. Working Paper No. 8261. Cambridge, MA: NBER.Google Scholar
  10. Holtz-Eakin, D., D. Joulfaian, and H.S. Rosen. 1993. The Carnegie conjecture: Some empirical evidence. Quarterly Journal of Economics 108: 413–435.CrossRefGoogle Scholar
  11. Joulfaian, D. 2004. Gift taxes and lifetime transfers: Time series evidence. Journal of Public Economics 88: 1917–1929.CrossRefGoogle Scholar
  12. Joulfaian, D. 2005. Estate taxes and charitable bequests: Evidence from two tax regimes. Working Paper No. 92. Office of Tax Policy Analysis, US Department of the Treasury.Google Scholar
  13. Joulfaian, D. 2006. The behavioral response of wealth accumulation to estate taxation: Time series evidence. National Tax Journal 59: 253–268.CrossRefGoogle Scholar
  14. Kaplow, L. 2001. A framework for assessing estate and gift taxation. In eds. Gale, Hines and Slemrod.Google Scholar
  15. Kopczuk, W. 2003. The trick is to live: is the estate tax social security for the rich? Journal of Political Economy 111: 1318–1341.CrossRefGoogle Scholar
  16. Kopczuk, W. 2007. Bequest and tax planning: Evidence from estate tax returns. Quarterly Journal of Economics 122(4).Google Scholar
  17. Kopczuk, W., and E. Saez. 2004. Top wealth shares in the United States: Evidence from estate tax returns. National Tax Journal 57: 445–488.CrossRefGoogle Scholar
  18. Kopczuk, W. and Slemrod, J. 2001. The impact of the estate tax on the wealth accumulation and avoidance behavior of donors. In Gale, Hines and Slemrod (2001).Google Scholar
  19. Kopczuk, W., and J. Slemrod. 2003. Tax consequences on wealth accumulation and transfers of the rich. In Death and dollars: The role of gifts and bequests in America, ed. A.H. Munnell and A. Sunden. Washingon, DC: Brookings Institution Press.Google Scholar
  20. McCaffery, E. 1994. The uneasy case for wealth transfer taxation. Yale Law Journal 104: 283–365.CrossRefGoogle Scholar
  21. McGarry, K. 1999. Inter vivos transfers and intended bequests. Journal of Public Economics 73: 321–351.CrossRefGoogle Scholar
  22. Pechman, J. 1987. Inheritance taxes. In The new palgrave: A dictionary of economics, ed. J. Eatwell, M. Milgate, and P. Newman, Vol. 2. London: Macmillan.Google Scholar
  23. Piketty, T., and E. Saez. 2007. How progressive is the U.S. federal tax system? An international and historical perspective. Journal of Economic Perspectives 21(1): 3–24.CrossRefGoogle Scholar
  24. Poterba, J.M. 2001. Estate and gift taxes and incentives for inter vivos giving in the US. Journal of Public Economics 79: 237–264.CrossRefGoogle Scholar
  25. Poterba, J.M. and S. Weisbenner 2001. The distributional burden of taxing estates and unrealized capital gains at death. In eds. Gale, Hines and Slemrod.Google Scholar
  26. Schmalbeck, R. 2001. Avoiding federal wealth transfer taxes. In eds. Gale, Hines and Slemrod.Google Scholar

Copyright information

© Macmillan Publishers Ltd. 2018

Authors and Affiliations

  • Wojciech Kopczuk
    • 1
  1. 1.