Grossmann, Volker (contributor); Poutvaara, Panu (contributor) - 2006
Altruistic parents may transfer resources to their offspring by providing education, and by leaving bequests. We show … with only intended bequests, by enhancing incentives of parents to invest in their children's education. This result holds … education, and by
leaving bequests. We show that in the presence of wage taxation, a small bequest tax may
improve efficiency …