Skip to main content
Article thumbnail
Location of Repository

"Wealth Taxation and Economic Growth"

By Toshihiro Ihori

Abstract

This paper investigates the effect of wealth taxation on economic growth using an endogenous growth model with the altruistic bequest motive. We 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. An increase in taxes on life cycle savings will reduce the intragenerational growth differences, while the effect of taxation on bequests, wage income, or consumption on intragenerational growth differences is ambiguous.

OAI identifier:
Download PDF:
Sorry, we are unable to provide the full text but you may find it at the following location(s):
  • http://www.cirje.e.u-tokyo.ac.... (external link)
  • Suggested articles


    To submit an update or takedown request for this paper, please submit an Update/Correction/Removal Request.