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Inégalité de patrimoine et progressivité de l’impôt

Listed author(s):
  • Jean-Olivier Hairault
  • Audrey Desbonnet

[eng] This paper studies the impact of the progressivity of income and inheritance tax on wealth inequality in France. By switching to a proportional tax system for each type of tax , we find that income-tax progressivity is more effective than inheritance-tax progressivity in reducing wealth inequality. Income-tax progressivity reduces income risk. The precautionary saving of the wealthiest agents decreases and wealth inequality narrows. Inheritance-tax progressivity does not modify income risk significantly. We also show that inheritance-tax progressivity – unlike income-tax progressivity – is inefficient for reducing income inequality. [fre] On se propose d’analyser l’impact de la progressivité de l’impôt sur le revenu et sur les successions sur l’inégalité de patrimoine en France. En passant à une proportionnalité de chaque type d’impôt, on révèle que la progressivité de l’impôt sur le revenu permet de réduire davantage l’inégalité de patrimoine. La progressivité de l’impôt sur le revenu réduit le risque de revenu. L’épargne de précaution des plus riches se réduit et l’inégalité de patrimoine diminue. En revanche, la progressivité de l’impôt sur les successions modifie peu le risque de revenu. En outre, la progressivité de l’impôt sur les successions s’avère inefficace pour réduire l’inégalité de revenu à la différence de la progressivité de l’impôt sur le revenu.

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File URL: http://dx.doi.org/doi:10.3406/ecop.2010.8032
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File URL: http://www.persee.fr/doc/ecop_0249-4744_2010_num_193_2_8032
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Article provided by Programme National Persée in its journal Économie & prévision.

Volume (Year): 193 (2010)
Issue (Month): 2 ()
Pages: 21-41

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Handle: RePEc:prs:ecoprv:ecop_0249-4744_2010_num_193_2_8032
Note: DOI:10.3406/ecop.2010.8032
Contact details of provider: Web page: http://www.persee.fr/collection/ecop

References listed on IDEAS
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  1. repec:adr:anecst:y:2005:i:78:p:03 is not listed on IDEAS
  2. Arrondel, Luc & Laferrere, Anne, 2001. "Taxation and wealth transmission in France," Journal of Public Economics, Elsevier, vol. 79(1), pages 3-33, January.
  3. Ventura, Gustavo, 1999. "Flat tax reform: A quantitative exploration," Journal of Economic Dynamics and Control, Elsevier, vol. 23(9-10), pages 1425-1458, September.
  4. 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.
  5. Kotlikoff, Laurence J & Summers, Lawrence H, 1981. "The Role of Intergenerational Transfers in Aggregate Capital Accumulation," Journal of Political Economy, University of Chicago Press, vol. 89(4), pages 706-732, August.
  6. Gouveia, Miguel & Strauss, Robert P., 1994. "Effective Federal Individual Tax Functions: An Exploratory Empirical Analysis," National Tax Journal, National Tax Association, vol. 47(2), pages 317-339, June.
  7. Tauchen, George & Hussey, Robert, 1991. "Quadrature-Based Methods for Obtaining Approximate Solutions to Nonlinear Asset Pricing Models," Econometrica, Econometric Society, vol. 59(2), pages 371-396, March.
  8. Pierre-Olivier Gourinchas & Jonathan A. Parker, 2001. "The Empirical Importance of Precautionary Saving," American Economic Review, American Economic Association, vol. 91(2), pages 406-412, May.
  9. Conesa, Juan Carlos & Krueger, Dirk, 2006. "On the optimal progressivity of the income tax code," Journal of Monetary Economics, Elsevier, vol. 53(7), pages 1425-1450, October.
  10. Alexis Direr & Thomas Weitzenblum, 2006. "Modéliser la distribution des richesses en France," Annals of Economics and Statistics, GENES, issue 82, pages 151-186.
  11. David Domeij & Jonathan Heathcote, 2004. "On The Distributional Effects Of Reducing Capital Taxes," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 45(2), pages 523-554, 05.
  12. James B. Davies, 1982. "The Relative Impact of Inheritance and Other Factors on Economic Inequality," The Quarterly Journal of Economics, Oxford University Press, vol. 97(3), pages 471-498.
  13. Luc Arrondel & Anne Laferrère, 1991. "Successions et héritiers à travers les données fiscales," Économie et Prévision, Programme National Persée, vol. 100(4), pages 137-159.
  14. S. Rao Aiyagari, 1994. "Uninsured Idiosyncratic Risk and Aggregate Saving," The Quarterly Journal of Economics, Oxford University Press, vol. 109(3), pages 659-684.
  15. Charles Grant & Christos Koulovatianos & Alexander Michaelides & Mario Padula, 2003. "Redistributive Policies through Taxation: Theory and Evidence," CSEF Working Papers 100, Centre for Studies in Economics and Finance (CSEF), University of Naples, Italy.
  16. Luc Arrondel, 2006. "Transmission du patrimoine et impôt successoral," Post-Print halshs-00754636, HAL.
  17. Varian, Hal R., 1980. "Redistributive taxation as social insurance," Journal of Public Economics, Elsevier, vol. 14(1), pages 49-68, August.
  18. Stéfan Lollivier & Daniel Verger, 1996. "Patrimoine des ménages : déterminants et disparités," Économie et Statistique, Programme National Persée, vol. 296(1), pages 13-31.
  19. Hairault, Jean-Olivier & Langot, Francois, 2008. "Inequality and social security reforms," Journal of Economic Dynamics and Control, Elsevier, vol. 32(2), pages 386-410, February.
  20. John Laitner, 2001. "Wealth Accumulation in the U.S.: Do Inheritances and Bequests Play a Significant Role?," Working Papers wp019, University of Michigan, Michigan Retirement Research Center.
  21. Huggett, Mark, 1996. "Wealth distribution in life-cycle economies," Journal of Monetary Economics, Elsevier, vol. 38(3), pages 469-494, December.
  22. repec:adr:anecst:y:2006:i:82:p:07 is not listed on IDEAS
  23. Kessler, Denis & Wolff, Edward N, 1991. "A Comparative Analysis of Household Wealth Patterns in France and the United States," Review of Income and Wealth, International Association for Research in Income and Wealth, vol. 37(3), pages 249-266, September.
  24. repec:hal:journl:halshs-00270290 is not listed on IDEAS
  25. Jean-Olivier Hairault & François Langot, 2002. "Inégalités et réformes des retraites," Revue Française d'Économie, Programme National Persée, vol. 17(1), pages 97-159.
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