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Resumen: This paper assesses the impact of inheritance tax on population growth exploiting the quasi-random differences in the inheritance tax across different Spanish regions over the last 20 years. Using a dynamic difference-in-differences approach to municipality population data, we found a robust-positive short-term effect (1–4 years) on the population growth for small inheritances. The impact is sizable and represents roughly 6% of the standard deviation, but this dissipates after 7 years. The heterogeneity analysis by age group reveals a clear positive and lasting response to the inheritance tax benefits for those aged 50–69 years. This is especially seen in municipalities close to the border pointing to migration costs as a key factor in changes of residence in response to the inheritance tax law differences.
Idioma: Inglés
DOI: 10.1007/s00168-023-01253-y
Año: 2024
Publicado en: ANNALS OF REGIONAL SCIENCE
ISSN: 0570-1864
Tipo y forma: Article (PostPrint)
Área (Departamento): Área Fund. Análisis Económico (Dpto. Análisis Económico)
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Exportado de SIDERAL (2024-01-12-12:05:58)

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