Author : Jonathan Goupille-Lebret
Publisher :
ISBN 13 :
Total Pages : 276 pages
Book Rating : 4.:/5 (967 download)
Book Synopsis Essays on the dynamics of bequests and inequalities in France by : Jonathan Goupille-Lebret
Download or read book Essays on the dynamics of bequests and inequalities in France written by Jonathan Goupille-Lebret and published by . This book was released on 2016 with total page 276 pages. Available in PDF, EPUB and Kindle. Book excerpt: This thesis is organized around three complementary perspectives on the dynamics of bequests and inequalities in France. The first part analyses the impact of inheritance tax on wealth accumulation. The second part is dedicated to the analysis of the redistributive pattern of the French tax system. The third part studies the dynamic of income and wealth inequality. We exploit quasi-experimental variations to investigate the impact of inheritance taxation on wealth accumulation (chapter 1). Using bunching and difference-in-differences methods, we directly estimate several behavioral responses during lifetime. The small responses to inheritance tax estimated could be explained by psychological factors such as myopia or denial of death. We then develop microsimulation models to investigate the distributive impact of inheritance tax reforms (chapter 2) and changes to the redistributive pattern of the entire French tax system from 1997 to 2012 (chapter 3). These two chapters include also a technical discussion on how to simulate the different aspects of the French redistributive system as well as a structural diagnosis of the French tax system. Finally, we study the long-term dynamic of income (chapter 4) and wealth (chapter 5) inequality in France. We find a large decline of the top 10% wealth and capital income shares from the 1910s to the 1980s. Since the 1980s-90s, we observe a moderate rise of wealth and income concentration. We develop a simple simulation model highlighting how the combination of unequal saving rates, rates of return and labor earnings leads to large multiplicative effects and high steady-state wealth concentration. Small changes in the key parameters appear to matter a lot for long run inequality.