scholarly journals Love and Money with Inheritance: Marital Sorting by Labor Income and Inherited Wealth in the Modern Partnership

2018 ◽  
Author(s):  
Etienne Pasteau ◽  
Junyi Zhu
Keyword(s):  
Labor Income ◽  
Marital Sorting ◽  
Inherited Wealth

scholarly journals Optimal Taxation of Wealth Transfers When Bequests are Motivated by Joy of Giving

2012 ◽  
Vol 12 (1) ◽  
Author(s):  
Johann K. Brunner ◽  
Susanne Pech
Keyword(s):  
Optimal Taxation ◽  
The Other ◽  
Income Taxation ◽  
Labor Income ◽  
Distinguishing Characteristic ◽  
Inherited Wealth ◽  
Initial Wealth ◽  
Redistributive Effect ◽  
Labor Income Taxation ◽  
Parent Generation

Abstract Inherited wealth creates a second distinguishing characteristic of individuals, in addition to earning abilities. We incorporate this fact into a model of optimal labor-income taxation, with bequests motivated by joy of giving. We find that taxes on bequests or on inheritances allow further redistribution if, in the parent generation, initial wealth and earning abilities are positively related. However, these taxes distort the bequest decision and thus, the overall effect on social welfare is ambiguous. On the other hand, a tax on all expenditures of a generation (a uniform tax on consumption plus bequests) has the same redistributive effect as an inheritance tax but does not distort the bequest decision.

Economic Contributions of Agriculture, Natural Resources, and Food Industries in Florida in 2015

EDIS ◽  
2017 ◽  
Vol 2017 (5) ◽  
Author(s):  
Alan W. Hodges ◽  
Mohammad Rahmani ◽  
Christa D. Court
Keyword(s):  
Value Added ◽  
Economic Modeling ◽  
Labor Income ◽  
Food Industries ◽  
Business Taxes ◽  
Commodity Production ◽  
Industry Output ◽  
Property Income ◽  
Broad Array ◽  
Industry Sectors

This analysis was conducted using the Implan regional economic modeling system and associated state and county databases (IMPLAN Group LLC) to estimate economic multipliers and contributions for over 500 different industry sectors. Multipliers capture the indirect and induced economic activity generated by re-spending of income or sales revenues in a regional economy. A collection of 121 industry sectors were included in the analysis to represent the broad array of activities encompassed by agricultural and natural-resource commodity production, manufacturing, distribution and supporting services in Florida. Economic contributions can be measured in terms of employment, industry output, value added, exports, labor income, other property income, and business taxes. A glossary of economic terms used in this report is provided following this summary.

Libertarianisms

2018 ◽  
Author(s):  
Daniel Halliday
Keyword(s):  
Property Rights ◽  
Private Property ◽  
Private Property Rights ◽  
Classical Liberal ◽  
Inherited Wealth ◽  
Left And Right ◽  
The Common

This chapter considers various arguments both for and against taxing inherited wealth, each of these being associated with some or other type of libertarian outlook. Libertarianism in the Lockean guises (‘left’ and ‘right’ varieties) is distinguished from its classical liberal alternative, which downplays the Lockean emphasis on private property rights in favour of a more defeasible case for small government and low taxation. These different perspectives generate a variety of quite different arguments about inheritance, some more persuasive than others. Some attention is paid to the common claim that inheritance taxes ‘punish’ virtue and generosity. It is then argued that a Rignano scheme may be particularly attractive in light of certain left-libertarian commitments and as a way of accommodating a classical liberal concern about perpetual savings.

Inheritance and Luck

2018 ◽  
Author(s):  
Daniel Halliday
Keyword(s):  
Luck Egalitarianism ◽  
Mediating Effects ◽  
Inherited Wealth ◽  
Luck Egalitarian

This chapter reviews and criticizes varieties of the luck egalitarian conception of justice. It begins with the ‘naïve’ distinction between choice and circumstance, on which inequalities are permissible insofar as they depend on the former rather than the latter. The bulk of the chapter discusses more sophisticated versions of luck egalitarianism, which either supplement the naïve view with some countervailing principle (e.g. by appeal to personal prerogatives) or by constraining its scope (e.g. by focusing on the mediating effects of institutions). Later parts of the chapter evaluate other contemporary oppositions to inherited wealth grounded in interpretations of reciprocity and a concern about the role of inheritance in enabling freeriding. The chapter ends with a discussion of Ronald Dworkin’s views, which bear a formal resemblance to the position defended in the following two chapters.

Home Equity and Labor Income: The Role of Constrained Mobility

2020 ◽  
Author(s):  
Radhakrishnan Gopalan ◽  
Barton Hamilton ◽  
Ankit Kalda ◽  
David Sovich
Keyword(s):  
Law Enforcement ◽  
Labor Income ◽  
Detailed Data ◽  
Job Tenure ◽  
Home Equity ◽  
Employment Opportunities ◽  
Nonlinear Relation ◽  
Local Employment

Abstract Using detailed data for U.S. homeowners, we document a negative, nonlinear relation between the loan-to-value ratio (LTV) of homeowners' primary residence and their labor income. Consistent with high LTV individuals experiencing constrained mobility, we find stronger effects among subprime, liquidity-constrained individuals and those living in regions with limited alternative local employment opportunities and strict noncompete law enforcement. Though high LTV individuals are less likely to move across MSAs, they are more likely to change jobs without changing their residence. We find no effects among similar neighboring renters employed at the same firm and with a similar job tenure.

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