Taxes in a Life Cycle Growth Model with Bequests and Inheritances
Taxes in a Life Cycle Growth Model with Bequests and Inheritances
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具有遗赠和继承的生命周期增长模型中的税收
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发表时间：
1983
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通讯作者：
L. Seidman
中科院分区：
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作者：
L. Seidman
在最近的一篇论文中，劳伦斯·萨默斯（Lawrence Summers, 1981）在一个生命周期增长模型中分析了可选择的税收。本文将他的分析扩展到包括遗赠和继承。出于几个原因，这是值得进行的。首先，最近的几项实证研究表明，遗赠可能占资本存量的重要份额（劳伦斯·科特利科夫和萨默斯，1981）。其次，重要的是要探讨在引入遗赠动机时，税收的比较是否会受到显著影响。第三，消费税对遗赠的处理存在争议。“捐赠理论”要求将遗赠视为死者的应税消费（Peter Mieszkowski, 1980）；“实际工资理论”要求豁免遗赠，如果这种豁免提高了稳态资本密集度和实际工资（我1980年的文章）。本文仅限于对稳态的正分析。过渡路径和规范含义在其他地方进行了探讨（参见我1982年的论文）。
In a recent paper, Lawrence Summers (1981) analyzes alternative taxes in a life cycle growth model. This paper extends his analysis to include bequests and inheritances. This inclusion is worth undertaking for several reasons. First, several recent empirical studies have suggested that bequests may account for an important share of the capital stock (Laurence Kotlikoff and Summers, 1981). Second, it is important to explore whether the comparison of taxes is significantly affected when a bequest motive is introduced. Third, the treatment of bequests under a consumption tax is controversial. The "endowment rationale" calls for treating a bequest as taxable consumption by the deceased (Peter Mieszkowski, 1980); the "real wage rationale" calls for exempting bequests if such exemption raises the steady-state capital intensity and real wage (my 1980 article). This paper confines itself to positive analysis of steady states. Transition paths, and normative implications, are explored elsewhere (see my 1982 paper).