NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH

Bequest Taxes and Accumulation of Household Wealth: U.S. - Japan Comparison

Thomas A. Barthold, Takatoshi Ito

NBER Working Paper No. 3692
Issued in May 1991
NBER Program(s):   PE

The objective of this paper is two-fold. First, we describe and compare the gift and bequest (estate) tax systems in the United States and Japan. Second, we use tax data to estimate the magnitude of intergenerational transfers. The magnitude of intergenerational transfers provides aid in determining how much outstanding wealth is obtained through intergenerational transfers, an issue of current controversy. In both Japan and the United States, a substantial portion of wealth, and especially of land in Japan, is bequeathed from one generation to the next.

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Document Object Identifier (DOI): 10.3386/w3692

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