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Dead or Alive: An Investigation of the Incidence of Estate and Inheritance Taxes 死或活:对遗产税和继承税的调查
Pub Date : 2008-10-28 DOI: 10.2139/ssrn.1134113
Lily L. Batchelder, Surachai Khitatrakun
This paper considers three questions: (1) the relative burden of wealth transfer taxes on heirs versus donors in a partial equilibrium context, (2) the distributional effects of the estate tax if its burdens are assigned to heirs, and (3) whether the incidence of a wealth transfer tax fundamentally differs depending on whether it is based on the amount transferred (an estate tax) or the amount received (an inheritance tax). The estimates presented are derived by adapting the Urban-Brookings Tax Policy Center Estate Tax Microsimulation Model to incorporate heirs' inherited and non-inherited income based on data from the Survey of Consumer Finance and tabulations from restricted IRS data matching estate tax returns to beneficiaries' income tax returns. This paper argues, contrary to existing practice, that it is more accurate to allocate wealth transfer tax burdens to heirs as a rough first approximation. It then presents the first estimates of the distribution of federal wealth transfer tax burdens based on this assumption. It finds that the 2009 federal estate tax is highly progressive by various measures of economic income if its burdens are assigned to heirs. It also finds that the estate tax contributes importantly to the progressivity of the tax system overall by partially offsetting the exclusion of inheritances from the income tax base among high-income heirs. The paper then compares the 2009 estate tax to an inheritance tax designed to have roughly the same revenue and distributional effects. It finds that their distributional effects differ at an individual level to a surprisingly large degree. The estimated correlation between the average tax rate on an inheritance under the two approaches is only 0.71 when weighted by inheritance size. Moreover, modifying the 2009 estate tax to account for the number of children of the donor does not narrow these differences. Estate and inheritance taxes thus appear to impose fundamentally different burdens that are robust to our best efforts to eliminate them.
本文考虑了三个问题:(1)在部分均衡的背景下,财富转移税对继承人和捐赠者的相对负担;(2)如果遗产税的负担被分配给继承人,遗产税的分配效应;(3)财富转移税的发生率是否因其是基于转移的金额(遗产税)还是基于收到的金额(遗产税)而根本不同。本文的估算是通过调整城市-布鲁金斯税收政策中心遗产税微观模拟模型得出的,该模型将继承人的继承和非继承收入纳入其中,该模型基于消费者金融调查(Survey of Consumer Finance)的数据,以及将遗产税申报表与受益人所得税申报表相匹配的美国国税局(IRS)有限数据的表格。本文认为,与现有实践相反,将财富转移税负担分配给继承人作为粗略的初步近似更为准确。然后,它提出了基于这一假设的联邦财富转移税负担分布的第一个估计。研究发现,如果将遗产税负担分配给继承人,从各种经济收入衡量标准来看,2009年的联邦遗产税是高度累进的。研究还发现,遗产税通过部分抵消高收入继承人将遗产排除在所得税基数之外,对整体税收制度的累进性做出了重要贡献。然后,论文将2009年的遗产税与旨在产生大致相同收入和分配效果的遗产税进行了比较。研究发现,它们的分配效应在个体层面上的差异大得惊人。两种方法下的平均继承税率之间的关联度仅为0.71。此外,修改2009年的遗产税,将捐赠者子女的数量考虑在内,并不能缩小这些差异。因此,遗产税和遗产税似乎带来了根本不同的负担,而我们尽了最大努力来消除这些负担。
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引用次数: 4
Intergenerational Top Income Mobility in Sweden: A Combination of Equal Opportunity 瑞典高收入人群的代际流动:机会均等的结合
Pub Date : 2008-10-21 DOI: 10.2139/ssrn.1300543
Anders Bjorklund, Jesper Roine, Daniel Waldenström
This paper presents new evidence on intergenerational income and earnings mobility in the top of the distributions. Using a large dataset of matched father-son pairs in Sweden we are able to obtain results for fractions as small as 0.1 percent of the population. Overall, mobility is lower for incomes than for earnings and it appears to decrease the higher up in the distribution one goes. In the case of incomes, however, we find that mobility decreases dramatically within the top percentile of the population. Our results suggest that Sweden, well-known for its egalitarian achievements, is a society where equality of opportunity for a large majority of wage earners coexists with capitalistic dynasties.
本文提出了关于代际收入和收入流动性的新证据。利用瑞典的父子配对的大型数据集,我们能够获得小到0.1%人口的结果。总体而言,收入的流动性比收入的流动性要低,而且似乎在分配中越往上走越低。然而,就收入而言,我们发现,在收入最高的百分之一人群中,流动性急剧下降。我们的研究结果表明,以平等主义成就而闻名的瑞典,是一个大多数工薪阶层的机会平等与资本主义王朝并存的社会。
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引用次数: 23
Should We Mind the Gap? Gender Pay Differentials and Public Policy 我们应该注意差距吗?性别薪酬差异和公共政策
Pub Date : 2008-10-06 DOI: 10.2139/ssrn.1314789
J. Shackleton
Differences in the earnings of women and men are increasingly being used to justify regulation of the private affairs of employers and employees. Yet there is very little evidence that the 'gender pay gap' is the result of unfair discrimination. In fact in can be explained by variations in the kinds of job undertaken by men and women, as well as educational and lifestyle choices. Women may favour quality of life and job satisfaction over higher earnings. The authors argues that complete equality of pay is impossible to achieve in a free society of any complexity. Men and women would need to be identical in their qualifications, choice of occupations, career plans and lifestyle choices. Thus policies that try to impose equality through tighter employment regulation are unlikely to have much impact, and such measures may damage the economic position of both men and women.
男女收入的差异越来越多地被用来作为对雇主和雇员的私人事务进行管制的理由。然而,几乎没有证据表明“性别薪酬差距”是不公平歧视的结果。事实上,这可以通过男性和女性所从事的工作种类的差异,以及教育和生活方式的选择来解释。比起高收入,女性可能更看重生活质量和工作满意度。作者认为,在任何复杂的自由社会中,完全的薪酬平等都是不可能实现的。男性和女性需要在学历、职业选择、职业规划和生活方式选择上保持一致。因此,试图通过更严格的就业规定来实行平等的政策不太可能产生多大影响,而且这种措施可能损害男女的经济地位。
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引用次数: 4
Effects on Wage and Employment after Implementation of Social Security Norms in the Agricultural Labour Market 农业劳动力市场社会保障规范实施后对工资和就业的影响
Pub Date : 2008-10-01 DOI: 10.2139/ssrn.1276202
A. Kundu
Government of India wants to implement 'Conditions of Work and Livelihood Promotion Bill' for the agricultural workers who are unorganized in nature in such a time when cultivation is not very profitable and employment generations in the agricultural sector are declining. This paper is a theoretical attempt to identify the impact on agricultural employment and profitability of the farmer if the 'conditions of work' are imposed in the agricultural labour market. Here the farmer is a monopsonist and employs both local and migrant labourer during the time of production when the local labourers get full social security from their employer but the migrant labourers are deprived from getting that. This paper proves that any type of social security norm including higher minimum wage not only decreases the overall employment generation in the agricultural sector but also decreases the profitability of the farmer. The profit maximizing farmer will always force the unprotected migrant labourer to work maximum possible extra hours more than the normal one. But if the monetary punishment for the employer after detection of the violation of social security norms is high then the farmer will employ less number of unprotected labourers during the time of cultivation. We here will decide the value of penalty at which the cultivation is not become less attractive and social security norms for most of the labourers can be maintained.
印度政府希望为农业工人实施“工作条件和生计促进法案”,这些农业工人本质上是无组织的,因为在这个时期,农业部门的就业人数正在下降。本文是一个理论尝试,以确定对农业就业和农民的盈利能力的影响,如果“工作条件”是强加于农业劳动力市场。在这里,农民是垄断者,在生产期间既雇佣本地工人,也雇佣外来工人。本地工人从雇主那里得到了全部的社会保障,而外来工人却被剥夺了这一权利。本文证明,包括提高最低工资在内的任何类型的社会保障规范不仅会降低农业部门的总体就业机会,而且会降低农民的盈利能力。追求利润最大化的农民总是会迫使无保护的农民工在正常工作时间之外尽可能多地加班。但是,如果在发现雇主违反社会保障规范后对雇主的经济处罚较高,那么农民在耕种期间雇用的无保护劳动者数量就会减少。在这里,我们将决定惩罚的价值,使种植不变得不那么有吸引力,并使大多数劳动者的社会保障规范得以维持。
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引用次数: 1
Re-Regulating Global Finance with the Poor in Mind: A Policy Paper 考虑到穷人,重新监管全球金融:一份政策文件
Pub Date : 2008-10-01 DOI: 10.2139/ssrn.1286982
David Kinley
For the poor, finance is always about much more than economics. In practical as well as philosophical terms it is a matter of basic human rights. As the dust begins to settle on the global financial crisis it is certain that all economies will suffer, but it is in the poorest, least developed states that we will likely see the most dramatic effects, simply because they have less to lose. On top of the sharp price increases in staple foods and fuel earlier this year, least developed nations are especially vulnerable to reductions in foreign direct investment in their economies, in export trade, in the levels of remittances, and in the quantities of economic aid they receive. Thoughts are now starting to move beyond the immediate concern of how to staunch the haemorrhaging global capital markets, to questions of how to repair the system for the long-term. In these discussions, considerations of how best to serve the poor must be front and centre. This essay outlines the key legal, moral, political and economic arguments why this must be so and offers some pointers as to how it might be achieved.
对穷人来说,金融的意义远不止经济。从实践和哲学的角度来看,这是一个基本人权问题。随着全球金融危机的尘埃落定,可以肯定的是,所有经济体都将受到影响,但最贫穷、最不发达的国家可能会受到最严重的影响,因为它们的损失更小。除了今年早些时候主食和燃料价格大幅上涨之外,最不发达国家尤其容易受到外国对其经济直接投资、出口贸易、汇款水平和经济援助数量减少的影响。目前,人们的想法已开始从眼下如何遏制全球资本市场的大出血转向如何长期修复金融体系的问题。在这些讨论中,必须优先考虑如何最好地为穷人服务。本文概述了为什么必须这样做的关键法律、道德、政治和经济论据,并就如何实现这一目标提供了一些建议。
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引用次数: 0
Welfare Reform and Children's Short-Run Attainments 福利改革与儿童的短期成就
Pub Date : 2008-09-08 DOI: 10.2139/ssrn.1238212
Hau Chyi, Orgul D. Ozturk
Using PIAT Math test score as a measure of attainment, we find that both single mothers' work and welfare use in the first five years of their children's lives have a positive effect on children's outcomes, but this effect declines with initial ability. The higher the initial ability of a child, the lower the positive impact work and welfare have. In fact, in the case of welfare the effect is negative if a child has more than median initial ability. Furthermore, we find that the work requirement reduces a single mother's use of welfare. However, the net effect of the work requirement on a child's test score depends on whether the mother's work brings in enough labor income to compensate for the loss of welfare benefits. We also look at the implications of the welfare eligibility time limit and maternal leave policies on children's outcomes.
使用PIAT数学测试成绩作为成就的衡量标准,我们发现单身母亲在孩子生命的前五年的工作和福利使用对孩子的结果有积极的影响,但这种影响随着孩子的初始能力而下降。孩子的初始能力越高,工作和福利的积极影响就越低。事实上,在福利的情况下,如果一个孩子的初始能力超过中位数,那么这种影响是负面的。此外,我们发现工作需求减少了单身母亲对福利的使用。然而,工作要求对孩子考试成绩的净影响取决于母亲的工作是否带来足够的劳动收入来弥补福利的损失。我们还研究了福利资格时间限制和产假政策对儿童结局的影响。
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引用次数: 0
Life Cycle of the Disability Term 残疾术语的生命周期
Pub Date : 2008-08-14 DOI: 10.2139/SSRN.1226742
K. A. Sampson
Defining disability, from youth to old age, is a lesson in legislative priorities and incentive systems that are below the radar screen. This poster presentation provides a visual illustration of the life cycle of the concept of disability, over an average life span. The time line begins when a child enters pre-school or elementary school and is first exposed to the possibility for a disability designation under the Individuals with Disabilities Act or under Section 504 of the Rehabilitation Act, and ends when an elder is exposed to the possibility of a disability designation under a guardianship or conservatorship statutory scheme.
界定残疾,从青年到老年,是立法优先事项和激励制度的一个教训,而这些都是在雷达屏幕之下的。这张海报展示了残疾概念在平均寿命中的生命周期。时间线从儿童进入幼儿园或小学开始,并根据《残疾人法》或《康复法》第504条第一次接触到被指定为残疾人的可能性,到老年人根据监护或监护法定计划接触到被指定为残疾人的可能性为止。
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引用次数: 0
Pro-Poor Growth: Explaining the Cross-Country Variation in the Growth Elasticity of Poverty 有利于贫困的增长:解释贫困增长弹性的跨国差异
Pub Date : 2008-08-05 DOI: 10.2139/ssrn.1205169
Ajay Chhibber, Gaurav Nayyar
It is well established in the literature that, on average, economic growth is associated with reductions in income poverty. However, evidence suggests that some countries see a much faster decline in poverty with the same level of growth in income. The objective of this paper is to analyse the cross-country variation in the growth elasticity of poverty across a sample of developing countries during the period 1990 to 2000. In doing so, it first sets up a theoretical framework, which seeks to identify different policy variables as explanations. Subsequently, when applied to panel data econometric analysis for 52 low and middle income countries, we find that the level of initial inequality, credit available to the private sector, literacy, the extent of business regulations, and trade openness are important determinants of the growth elasticity of poverty.
一般来说,经济增长与收入贫困的减少有关,这在文献中得到了充分的证实。然而,有证据表明,在收入增长相同水平的情况下,一些国家的贫困下降速度要快得多。本文的目的是分析1990年至2000年期间发展中国家贫困增长弹性的跨国变化。在此过程中,它首先建立了一个理论框架,试图确定不同的政策变量作为解释。随后,通过对52个低收入和中等收入国家的面板数据进行计量分析,我们发现初始不平等水平、私营部门可获得的信贷、识字率、商业监管程度和贸易开放程度是贫困增长弹性的重要决定因素。
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引用次数: 22
Conspicuous Consumption, Human Capital, and Poverty 炫耀性消费、人力资本与贫困
Pub Date : 2008-06-01 DOI: 10.2139/ssrn.1140634
Omer Moav, Z. Neeman
Poor families around the world spend a large fraction of their income on consumption of goods that appear to be useless in alleviating poverty, while saving at very low rates and neglecting investment in health and education. Such consumption patterns seem to be related to the persistence of poverty. We offer an explanation for this observation, based on a trade-off between conspicuous consumption and human capital as signals for unobserved income, under the assumption that individuals care about their status. Despite homothetic preferences, this trade-off gives rise to a convex saving function, which can help explain the persistence of poverty.
世界各地的贫困家庭将其收入的很大一部分用于消费似乎对减轻贫困毫无用处的商品,同时储蓄率极低,忽视了对保健和教育的投资。这种消费模式似乎与贫穷的持续存在有关。我们基于炫耀性消费和人力资本作为未被观察到的收入的信号之间的权衡,在个人关心自己的地位的假设下,为这一观察提供了一种解释。尽管存在同质偏好,但这种权衡产生了凸储蓄函数,这有助于解释贫困的持续存在。
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引用次数: 25
Gender Disparities in Employment and Aggregate Profitability in the United States 美国就业中的性别差异与总盈利能力
Pub Date : 2008-05-01 DOI: 10.2139/ssrn.982859
M. Mahoney, Ajit Zacharias
This paper explores the relationships between aggregate profitability and women's labor market participation in the United States during the 1980s and 1990s. We investigate, using decomposition analysis, whether the contribution of the stagnant or declining share of wages in national income to the upswing in profitability was aided by the growing incorporation of women into employment. Comparisons are made between counterfactual and actual wage shares to assess the relative contributions of gender wage disparity and female share of employment to the changes in the wage share. Additionally, we decompose the change in wage share into distributional changes within sectors and changes in the sectoral composition of aggregate value added to examine whether the effects of gender wage disparity and female share of employment on the aggregate wage share were dominated by the effects of compositional changes.
本文探讨了20世纪80年代和90年代美国总盈利能力与女性劳动力市场参与之间的关系。我们使用分解分析来调查,国民收入中工资份额的停滞或下降对盈利能力上升的贡献是否得益于越来越多的妇女参与就业。对反事实工资份额和实际工资份额进行比较,以评估性别工资差距和女性就业份额对工资份额变化的相对贡献。此外,我们将工资份额的变化分解为行业内分配变化和总增加值的行业构成变化,以检验性别工资差距和女性就业份额对总工资份额的影响是否由构成变化的影响主导。
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引用次数: 0
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Economic Inequality & the Law eJournal
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