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| Author: | Ihori, T. |
| Title: | Wealth taxation and economic growth |
| Journal: | Journal of Public Economics
2001 : JAN, VOL. 79:1, p. 129-148 |
| Index terms: | ALTRUISM ECONOMIC GROWTH INTERGENERATIONAL TRANSFERS WEALTH TAX |
| Language: | eng |
| Abstract: | This paper investigates the effect of wealth taxation on economic growth using an endogenous growth model with altruistic bequest motive. The authors introduce intragenerational productivity differentials of human capital formation, resulting in differences of growth rates among individuals. The economy is divided into two groups; those who leave bequests to physical capital investment and those who leave bequests to human capital investment. |
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