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Perceptions of Inherited Wealth and the Support for Inheritance Taxation
Linnaeus University, School of Business and Economics, Department of Economics and Statistics. Institute for Evaluation of Labour Market and Education Policy (IFAU), Sweden;Research Institute of Industrial Economics (IFN), Sweden.
Research Institute of Industrial Economics (IFN), Sweden.
2021 (English)In: Economica, ISSN 0013-0427, E-ISSN 1468-0335, Vol. 88, no 350, p. 532-569Article in journal (Refereed) Published
Sustainable development
Not refering to any SDG
Abstract [en]

We study how attitudes to inheritance taxation are influenced by information about the role of inherited wealth in society. Using a randomized experiment in a register-linked Swedish survey, we find that informing individuals about the large aggregate importance of inherited wealth and its link to inequality of opportunity significantly increases the support for inheritance taxation. Changes in the perceived economic importance of inherited wealth and altered views on whether luck matters most for economic success appear to be driving factors behind the treatment effect. Our findings suggest that the low salience of inherited wealth could be one explanation behind the relatively marginalized role of inheritance taxation in developed economies.

Place, publisher, year, edition, pages
John Wiley & Sons, 2021. Vol. 88, no 350, p. 532-569
National Category
Economics
Research subject
Economy, Economics
Identifiers
URN: urn:nbn:se:lnu:diva-96555DOI: 10.1111/ecca.12359ISI: 000604037200001Scopus ID: 2-s2.0-85099228498Local ID: 2021OAI: oai:DiVA.org:lnu-96555DiVA, id: diva2:1444275
Available from: 2020-06-21 Created: 2020-06-21 Last updated: 2022-05-24Bibliographically approved

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Bastani, Spencer

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  • apa
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  • Other style
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  • de-DE
  • en-GB
  • en-US
  • fi-FI
  • nn-NO
  • nn-NB
  • sv-SE
  • Other locale
More languages
Output format
  • html
  • text
  • asciidoc
  • rtf