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Reassessing the Role for Wealth Transfer Taxes

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  • Aaron, Henry J.
  • Munnell, Alicia H.

Abstract

Examines the theoretical rationale for wealth transfer taxes, discusses data on the distribution and accumulation of wealth, and reviews the experience of the United States and other countries under their existing systems. Because a substantial portion of the existing stock of wealth is inherited, theses taxes could have significant equalizing effects..

Suggested Citation

  • Aaron, Henry J. & Munnell, Alicia H., 1992. "Reassessing the Role for Wealth Transfer Taxes," National Tax Journal, National Tax Association;National Tax Journal, vol. 45(2), pages 119-143, June.
    • Handle: RePEc:ntj:journl:v:45:y:1992:i:2:p:119-43
    DOI: 10.1086/NTJ41788954
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    References listed on IDEAS

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    1. Kotlikoff, Laurence J, 1988. "Intergenerational Transfers and Savings," Journal of Economic Perspectives, American Economic Association, vol. 2(2), pages 41-58, Spring.
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    3. Laurence J. Kotlikoff & Lawrence H. Summers, 1986. "The Contribution of Intergenerational Transfers to Total Wealth: A Reply," NBER Working Papers 1827, National Bureau of Economic Research, Inc.
    4. -, 1991. "Economic survey of the United States, 1990," Oficina de la CEPAL en Washington (Estudios e Investigaciones) 28888, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL).
    5. Modigliani, Franco, 1988. "The Role of Intergenerational Transfers and Life Cycle Saving in the Accumulation of Wealth," Journal of Economic Perspectives, American Economic Association, vol. 2(2), pages 15-40, Spring.
    6. Smith, James D & Franklin, Stephen D, 1974. "The Concentration of Personal Wealth, 1922-1969," American Economic Review, American Economic Association, vol. 64(2), pages 162-167, May.
    7. Leimer, Dean R & Lesnoy, Selig D, 1982. "Social Security and Private Saving: New Time-Series Evidence," Journal of Political Economy, University of Chicago Press, vol. 90(3), pages 606-629, June.
    8. James D. Smith, 1984. "Trends In The Concentration Of Personal Wealth In The United States, 1958 To 1976," Review of Income and Wealth, International Association for Research in Income and Wealth, vol. 30(4), pages 419-428, December.
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