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USING AUXILIARY INFORMATION TO ADJUST FOR NON-RESPONSE IN WEIGHTING A LINKED SAMPLE OF ADMINISTRATIVE RECORDS
"... Federal estate tax returns are a rich source of information on the assets and liabilities associated with decedents, as well as data on beneficiaries of estates. When linked with income tax data for the decedents and their beneficiaries, the resulting data base provides a unique opportunity to study ..."
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Federal estate tax returns are a rich source of information on the assets and liabilities associated with decedents, as well as data on beneficiaries of estates. When linked with income tax data for the decedents and their beneficiaries, the resulting data base provides a unique opportunity to study a variety of important economic issues relating to the transfer of wealth and the accumulation of capital. However, in creating such a complex, linked data base, it is inevitable that, for a variety of reasons, a number of records would be missing. In this paper, we detail steps taken to weight the linked files. We adjust the linked record weights in two stages. First, an adjustment factor is created to balance to the original population totals, essentially treating
Presented at the 2002 American Statistical Association
"... Federal estate tax returns are a rich source of information on the assets and liabilities associated with decedents, as well as data on beneficiaries of estates. When linked with income tax data for the decedents and their beneficiaries, the resulting data base provides a unique opportunity to study ..."
Abstract
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Federal estate tax returns are a rich source of information on the assets and liabilities associated with decedents, as well as data on beneficiaries of estates. When linked with income tax data for the decedents and their beneficiaries, the resulting data base provides a unique opportunity to study a variety of important economic issues relating to the transfer of wealth and the accumulation of capital. However, in creating such a complex, linked data base, it is inevitable that, for a variety of reasons, a number of records would be missing. In this paper, we detail steps taken to weight the linked files. We adjust the linked record weights in two stages. First, an adjustment factor is created to balance to the original population totals, essentially treating
MYTHS AND REALITIES SURROUNDING THE ESTATE TAX
"... Proponents of estate, inheritance, and gift (EIG) taxes admit that the taxes generate little revenue, but claim that the taxes provide a social benefit by preventing the accumulation of wealth in the hands of generational dynasties. Evidence presented here suggests that EIG taxes actually cost state ..."
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Proponents of estate, inheritance, and gift (EIG) taxes admit that the taxes generate little revenue, but claim that the taxes provide a social benefit by preventing the accumulation of wealth in the hands of generational dynasties. Evidence presented here suggests that EIG taxes actually cost states more in lost revenue than they generate, that they negatively impact smaller firms disproportionately versus larger firms, and that they promote the concentration of wealth by preventing small businesses from being passed on to heirs.
