Title

Working Paper No.25: Peng Zhan, Shanshan Wu, 20140810 revised

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2014/8/10 18:44:57

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struggle12

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Introduction

Based on the wealth distribution of China in 2010, the paper estimated the characteristics and the impact on inequality of inheritance and redistribution effect of different types of inheritance taxation. The method of this paper is based on the Monte Carlo simulations, with the information of the wealth distribution, the family structure, and different human mortality. The paper found that the bequests account for about 51% of the initial wealth, and the proportion is about 17% for the intergenerational transfers. But accounting to the whole social wealth, the rate is only 0.43%. This article also found that whether there is equalization effect of heritage transfer is depended on the death distribution, household's characteristics. Finally, the redistribution effect of inheritance taxation is not notable if the government is only levied taxes but do not transfer the tax revenue into the poor people.

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