English, Article, Journal or magazine article edition: Bequest Taxation, allocation of talents, education and efficiency Stefano STAFFOLANI; Enzo VALENTINI

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Bookmark: http://trove.nla.gov.au/version/18685
Physical Description
  • preprint
Language
  • English

Edition details

Title
  • Bequest Taxation, allocation of talents, education and efficiency
Author
  • Stefano STAFFOLANI
  • Enzo VALENTINI
Physical Description
  • preprint
Notes
  • 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, education, talent allocation
  • RePEc:anc:wpaper:248
Language
  • English
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