Estate Taxation And Intergenerational Transfers

The authors estimate the effect of estate taxation on bequests exploiting a sequence of Italian reforms culminating with the reduction of estate taxes in 1999 and their abolishment in 2001. They use the 1993-2006 Survey of Household Income and Wealth, which has data on real estate transfers received, and information on potential donors as well as recipients. The sample includes data on 34,885 owners of real estate wealth and 120,686 potential donors. Differences-in-differences estimates indicate that the abolition of estate taxes has increased the probability of observing real estate transfers by about 2 percentage points.

Provided by: University of Salerno Topic: CXO Date Added: Oct 2010 Format: PDF

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