DO TRANSFER TAXES REDUCE INTERGENERATIONAL TRANSFERS?

• 成果类型: Article
• 署名作者: Jappelli, Tullio; Padula, Mario; Pica, Giovanni
• 署名单位: University of Naples Federico II; Universita Ca Foscari Venezia; University of Salerno
• 刊物名称: JOURNAL OF THE EUROPEAN ECONOMIC ASSOCIATION
• ISSN/ISSBN: 1542-4766
• DOI: 10.1111/jeea.12044
• 发表日期: 2014
• 页码: 248-275
• 关键词: identification; models; WEALTH

摘要

We estimate the effect of taxes on intergenerational transfers by exploiting a sequence of Italian reforms culminating with the abolishment of transfer taxes. We use the Surveys of Household Income and Wealth from 1993 to 2006, which have data on real estate transfers, and information on potential donors and recipients. Difference-in-differences estimates indicate that the abolition of transfer taxes increases the probability of high-wealth donors making a transfer by two percentage points and increases the area transferred by 9.3 square meters relative to poorer donors.