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A Note on the Annuity Role of Estate Tax - ONLINE SUPPLEMENT

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  • Monisankar Bishnu
  • Cagri Kumru

Abstract

In this paper, we extend the †A Note on the Annuity Role of Estate Tax†(Bishnu and Kumru (2020)) by incorporating social security system, consumption tax, and endogenous labor supply. In all these extensions, we show that estate tax cannot play the role of annuities. We also conducted robustness analysis by employing frequently used specifications for bequest motives. We show that the conclusion we reached in the †A Note on the Annuity Role of Estate Tax†is robust to changes in bequest specifications.

Suggested Citation

  • Monisankar Bishnu & Cagri Kumru, 2020. "A Note on the Annuity Role of Estate Tax - ONLINE SUPPLEMENT," ANU Working Papers in Economics and Econometrics 2020-676, Australian National University, College of Business and Economics, School of Economics.
    • Handle: RePEc:acb:cbeeco:2020-676
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    File URL: https://www.cbe.anu.edu.au/researchpapers/econ/wp676.pdf
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    More about this item

    Keywords

    Bequests; Estate Tax; Annuity;
    All these keywords.

    JEL classification:

    • D15 - Microeconomics - - Household Behavior - - - Intertemporal Household Choice; Life Cycle Models and Saving
    • E62 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Fiscal Policy; Modern Monetary Theory
    • H21 - Public Economics - - Taxation, Subsidies, and Revenue - - - Efficiency; Optimal Taxation

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