DO TRANSFER TAXES REDUCE INTERGENERATIONAL TRANSFERS?
利用意大利一系列转移税改革直至废除的数据，研究发现废除转移税使高财富捐赠者的转移概率提高2个百分点，转移面积增加9.3平方米。
We estimate the effect of taxes on intergenerational transfers by exploiting a sequence of Italian reforms culminating with the abolishment of transfer taxes. We use the Surveys of Household Income and Wealth from 1993 to 2006, which have data on real estate transfers, and information on potential donors and recipients. Difference-in-differences estimates indicate that the abolition of transfer taxes increases the probability of high-wealth donors making a transfer by two percentage points and increases the area transferred by 9.3 square meters relative to poorer donors. © 2014 by the European Economic Association.