Effects of Estate Taxation on Wealth Inequality in response to Intergenerational Wealth Transfer
Keywords:
intergenerational wealth transfer, inequality, overlapping generations modelAbstract
This study aimed to analyze the impact of intergenerational wealth transfer on economic inequality and to examine the effects of estate taxation on wealth distribution in Thailand. The overlapping generation model had been constructed by using calibration and simulation approach aimed to focus on two different types of households; households with wealth transference and households without wealth transference. The resulted showed that intergenerational wealth transfer had caused inequality of consumption, savings and welfare between households with wealth transference and households without wealth transference. In additon, by imposing the estate tax into the system, it had caused decreasing in consumption and saving inequalities between households with wealth transference and households without wealth transference. The impact of money growth rate transmission analysis found that changes in money growth rate had caused increasing in consumption, savings and welfare in both household groups.
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ข้อคิดเห็นที่ปรากฏและแสดงในเนื้อหาบทความต่างๆในวารสารเศรษฐศาสตร์มหาวิทยาลัยเชียงใหม่ ถือเป็นความเห็นและความรับผิดชอบโดยตรงของผู้เขียนบทความนั้นๆ มิใช่เป็นความเห็นและความรับผิดชอบใดๆของวารสารเศรษฐศาสตร์ มหาวิทยาลัยเชียงใหม่
บทความ เนื้อหา และข้อมูล ฯลฯ ในวารสารเศรษฐศาสตร์มหาวิทยาลัยเชียงใหม่ ถือเป็นลิขสิทธิ์เฉพาะของคณะเศรษฐศาสตร์มหาวิทยาลัยเชียงใหม่ หากบุคคลหรือหน่วยงานใดต้องการนำทั้งหมดหรือส่วนหนึ่งส่วนใดไปเผยแพร่ต่อหรือเพื่อกระทำการใดๆ จะต้องได้รับอนุญาตเป็นลายลักษณ์อักษร จากวารสารเศรษฐศาสตร์ มหาวิทยาลัยเชียงใหม่
