In this paper we analyze intergenerational mobility on education. After a brief empirical analysis of the influence of family background on educational attainment, we present a dynamic model where the decisions concerning education may be financially constrained. Therefore, people who get higher educational levels are not necessarily the most talented. This “misallocation effect” causes a reduction in the efficiency of the economic system. We show that a proportional bequest taxation, whose yield is redistributed among all “youths”, increases efficiency.

Bequest Taxation and Efficient Allocation of Talents / Staffolani, Stefano; Enzo, Valentini. - In: ECONOMIC MODELLING. - ISSN 0264-9993. - 24:(2007), pp. 648-672.

Bequest Taxation and Efficient Allocation of Talents

STAFFOLANI, Stefano;
2007-01-01

Abstract

In this paper we analyze intergenerational mobility on education. After a brief empirical analysis of the influence of family background on educational attainment, we present a dynamic model where the decisions concerning education may be financially constrained. Therefore, people who get higher educational levels are not necessarily the most talented. This “misallocation effect” causes a reduction in the efficiency of the economic system. We show that a proportional bequest taxation, whose yield is redistributed among all “youths”, increases efficiency.
2007
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Utilizza questo identificativo per citare o creare un link a questo documento: https://hdl.handle.net/11566/30225
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