Séminaire de Carl GAIGNÉ
Séminaire de Carl GAIGNÉ
Séminaire de Carl GAIGNÉ
Le 27 avril 2025
Le prochain séminaire du GAINS aura lieu le 27 mai 2025 de 10h30 à 12h00 en salle T204. Carl Gaigné (INRAE Rennes et Université Laval-Québec) présentera "Land, Wealth, and Taxation", coécrit avec Roberto Brunetti (Université Lumière Lyon 2) et Fabien Moizeau (Université de Rennes).
Abstract: This paper examines the role of land in wealth dynamics and its consequences on efficiency and inequality. We focus on the interplay among agents’ bidding for location, mortgage market imperfections, and inheritance in an overlapping generations model in which altruistic agents leave to their heirs financial bequests and their housing wealth. The borrowing constraint generates a housing return premium and spatial wealth sorting, which translate into persistent wealth inequality. Since altruism and the borrowing constraint distort land price formation, we show that taxing land rent transmitted between generations is optimal and reduces wealth inequality. Land taxation cannot be disconnected from taxation on intergenerational wealth transfers.
Ci-dessous un lien zoom pour ceux qui ne peuvent pas assister au séminaire en présentiel:
https://univ-lemans-fr.zoom.us/j/96164754773?pwd=7KaqPmd2ebVoqN9vORZuSzPCtuDTGg.1
Meeting ID: 961 6475 4773
Passcode: 279571
