Bequest Taxes and Accumulation of Household Wealth: U.S. - Japan Comparison / Thomas A. Barthold, Takatoshi Ito.

Format:

Book

Author/Creator:

Barthold, Thomas A.

Contributor:

National Bureau of Economic Research.

Ito, Takatoshi.

Series:

Working Paper Series (National Bureau of Economic Research) no. w3692.

NBER working paper series no. w3692

Language:

English

Subjects (All):

Inheritance and transfer tax--Econometric models.

Inheritance and transfer tax.

Gifts--Taxation--Econometric models.

Gifts.

Wealth.

Physical Description:

1 online resource: illustrations (black and white);

Other Title:

Bequest Taxes and Accumulation of Household Wealth

Place of Publication:

Cambridge, Mass. National Bureau of Economic Research 1991.

Cambridge, Mass. : National Bureau of Economic Research, 1991.

Summary:

The objective of this paper is two-fold. First, we describe and compare the gift and bequest (estate) tax systems in the United States and Japan. Second, we use tax data to estimate the magnitude of intergenerational transfers. The magnitude of intergenerational transfers provides aid in determining how much outstanding wealth is obtained through intergenerational transfers, an issue of current controversy. In both Japan and the United States, a substantial portion of wealth, and especially of land in Japan, is bequeathed from one generation to the next.

Notes:

Print version record

May 1991.