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The effect of inter vivos gifts taxation on wealth inequality and economic growth

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  • Ryota Nakano

    (Graduate School of Economics, Osaka University)

Abstract

In this study, we develop a three-period overlapping generations model with inter vivos gifts and human capital accumulation. We examine the effect of inter vivos gift taxation on wealth inequality and economic growth. The analysis shows that an increase in the tax rate reduces inequality, and a positive tax rate maximizes the growth rate.

Suggested Citation

  • Ryota Nakano, 2021. "The effect of inter vivos gifts taxation on wealth inequality and economic growth," Discussion Papers in Economics and Business 21-04, Osaka University, Graduate School of Economics.
    • Handle: RePEc:osk:wpaper:2104
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    References listed on IDEAS

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    More about this item

    Keywords

    economic growth; human capital accumulation; intergenerational transfer; wealth inequality; gift taxation;
    All these keywords.

    JEL classification:

    • O11 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development
    • O40 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - General
    • I24 - Health, Education, and Welfare - - Education - - - Education and Inequality

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