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• W2009692602 abstract "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." @default.
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• W2009692602 date "2007-07-01" @default.
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• W2009692602 title "Bequest taxation and efficient allocation of talents" @default.
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• W2009692602 doi "https://doi.org/10.1016/j.econmod.2006.12.006" @default.
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