fbpx Estate Taxation with Altruism Heterogeneity | Harvard Kennedy School

Additional Authors:

  • Emmanuel Farhi


Estate Taxation with Altruism Heterogeneity. Emmanuel Farhi, February 2013, Paper. "We develop a theory of optimal estate taxation in a model where bequest inequality is driven by differences in parental altruism. We show that a wide range of results are possible, from positive taxes to subsidies, depending on redistributive objectives implicit in the cardinal specification of utility and social welfare functions. We propose a normalization which is helpful in classifying these different possibilities..." Link verified August 21, 2014