Premature deaths, accidental bequests and fairness
Premature deaths, accidental bequests, and fairness*
Marc Fleurbaey
(1, 2)
,
Marie-Louise Leroux
(3)
,
Pierre Pestieau
(4)
,
Gregory Ponthiere
(5)
,
Stéphane Zuber
(1, 6)
Marc Fleurbaey
- Fonction : Auteur
- PersonId : 741339
- IdHAL : marc-fleurbaey
- ORCID : 0000-0002-5342-8065
- IdRef : 029286719
Marie-Louise Leroux
- Fonction : Auteur
- PersonId : 1210622
- ORCID : 0000-0002-1502-6639
Gregory Ponthiere
- Fonction : Auteur
- PersonId : 1129355
- ORCID : 0000-0002-7328-4441
- IdRef : 189782714
Stéphane Zuber
- Fonction : Auteur
- PersonId : 5100
- IdHAL : szuber
- ORCID : 0000-0002-4111-2397
- IdRef : 196910498
Résumé
While little agreement exists regarding the taxation of bequests in general, there is a widely held view that accidental bequests should be subjected to a confiscatory tax. We reexamine the optimal taxation of accidental bequests by introducing a concern for compensating individuals for a premature death. Assuming that individuals care about what they leave to their offspring, we show that, whereas the 100 % tax view holds under the utilitarian criterion, the ex post egalitarian criterion (giving priority to the worst-off ex post) implies subsidizing accidental bequests so as to compensate the short-lived. In a second-best setting, compensating the short-lived justifies taxing total bequests at a rate increasing with the age of the deceased. Finally, when the model is extended to an intergenerational setting, accidental bequests cannot be used as a redistributive tool anymore, so that ex post egalitarianism rejoins the 100 % tax view.
Domaines
Economies et financesFormat du dépôt | Fichier |
---|---|
Type de dépôt | Article dans une revue |
Titre |
en
Premature deaths, accidental bequests and fairness
fr
Premature deaths, accidental bequests, and fairness*
|
Résumé |
en
While little agreement exists regarding the taxation of bequests in general, there is a widely held view that accidental bequests should be subjected to a confiscatory tax. We reexamine the optimal taxation of accidental bequests by introducing a concern for compensating individuals for a premature death. Assuming that individuals care about what they leave to their offspring, we show that, whereas the 100 % tax view holds under the utilitarian criterion, the ex post egalitarian criterion (giving priority to the worst-off ex post) implies subsidizing accidental bequests so as to compensate the short-lived. In a second-best setting, compensating the short-lived justifies taxing total bequests at a rate increasing with the age of the deceased. Finally, when the model is extended to an intergenerational setting, accidental bequests cannot be used as a redistributive tool anymore, so that ex post egalitarianism rejoins the 100 % tax view.
|
Auteur(s) |
Marc Fleurbaey
1, 2
, Marie-Louise Leroux
3
, Pierre Pestieau
4
, Gregory Ponthiere
5
, Stéphane Zuber
1, 6
1
PSE -
Paris School of Economics
( 301309 )
- 48 boulevard Jourdan 75014 Paris
- France
2
PJSE -
Paris Jourdan Sciences Economiques
( 578027 )
- 48 boulevard Jourdan 75014 Paris
- France
3
UQAM -
Université du Québec à Montréal = University of Québec in Montréal
( 360045 )
- Université du Québec à Montréal CP 8888, succursale Centre-ville Montréal (Québec) H3C 3P8
- Canada
4
Université de Liège
( 93075 )
- Place du 20-Août, 7 4000 Liège
- Belgique
5
UCL -
Université Catholique de Louvain = Catholic University of Louvain
( 92863 )
- Place de l'Université 1 - 1348 Louvain-La-Neuve
- Belgique
6
CES -
Centre d'économie de la Sorbonne
( 15080 )
- Maison des Sciences Économiques - 106-112 Boulevard de l'Hôpital - 75647 Paris Cedex 13
- France
|
Date de publication |
2022
|
Volume |
124
|
Numéro |
3
|
Page/Identifiant |
709-743
|
URL éditeur |
https://onlinelibrary.wiley.com/doi/abs/10.1111/sjoe.12478
|
Nom de la revue |
|
Public visé |
Scientifique
|
Date de production/écriture |
2021-11-29
|
Date de publication électronique |
2002-02-04
|
Langue du document |
Anglais
|
Vulgarisation |
Non
|
Comité de lecture |
Oui
|
Audience |
Internationale
|
Projet(s) ANR |
|
Mots-clés (JEL) |
|
Domaine(s) |
|
Financement |
|
Mots-clés |
en
Mortality, Accidental bequests, Optimal taxation, Compensation, OLG models
|
DOI | 10.1111/sjoe.12478 |
UT key WOS | 000778881200001 |
Origine :
Fichiers produits par l'(les) auteur(s)
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