Article: Inheritance Tax and Wealth Inequality: Evidence from Austria

Da-Kai Wu (Feng Chia University) recently published, Inheritance Tax and Wealth Inequality: Evidence from Austria, 2024. Provided below is an Abstract:

We investigate the impact of the 2008 abolition of inheritance tax on wealth inequality in Austria. Using the synthetic control method, we find a significant rise in the wealth share of the top 1 percent following the elimination of the inheritance tax. These results suggest that inheritance tax plays a crucial role in mitigating wealth inequality, highlighting its potential equalizing effect.