Behavioral responses to inheritance tax: Evidence from notches in France

• 成果类型: Article
• 署名作者: Goupille-Lebret, Jonathan; Infante, Jose
• 署名单位: Ecole Normale Superieure de Lyon (ENS de LYON); INSEAD Business School; AXA Group
• 刊物名称: JOURNAL OF PUBLIC ECONOMICS
• ISSN/ISSBN: 0047-2727
• DOI: 10.1016/j.jpubeco.2018.09.016
• 发表日期: 2018
• 页码: 21-34
• 关键词: taxation; behavioral responses; Bunching; bequest

摘要

For the first time, we exploit quasi-experimental variation to investigate the impact of inheritance taxation on wealth accumulation. Using bunching and difference-in-differences methods, we directly estimate several behavioral responses during lifetime, rather than relying solely on observations at death. Our empirical findings shed new light upon wealth accumulation and bequest motives. Taken together, the small responses to inheritance tax estimated cannot be supported by the desire to retain control over wealth. (C) 2018 Elsevier B.V. All rights reserved.