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taxation - like Canada's - couples with the same household income can face different effective tax rates on capital income when …), we find no effect of the intra-household distribution of labor income on portfolios. -- Household portfolio choice … ; taxes …
Persistent link: https://www.econbiz.de/10003824234
taxation - like Canada's - couples with the same household income can face different effective tax rates on capital income when … find no effect of the intra-household distribution of labor income on portfolios. -- Household Portfolio Choice ; Taxes …
Persistent link: https://www.econbiz.de/10003871286
taxation - like Canada's - couples with the same household income can face different effective tax rates on capital income when … find no effect of the intra-household distribution of labor income on portfolios. …
Persistent link: https://www.econbiz.de/10010275728
taxation - like Canada's - couples with the same household income can face different effective tax rates on capital income when … find no effect of the intra-household distribution of labor income on portfolios. …
Persistent link: https://www.econbiz.de/10010289659
We investigate how personal income taxes affect the portfolio share of personal wealth that entrepreneurs invest in … hypotheses, we use household survey panel data for Germany eliciting the personal wealth composition in detail in 2002, 2007, and … 2012. We analyze the effects of personal income taxes on the portfolio shares of six asset classes of private households …
Persistent link: https://www.econbiz.de/10011673056
If household portfolios are constrained by borrowing and short-sales restrictions asset markets, then alternative … retirement savings systems may affect household welfare by relaxing these constraints. This paper uses a calibrated partial …
Persistent link: https://www.econbiz.de/10012471771
Using a lifecycle model of consumption, saving and portfolio choice combined with linked survey and administrative data on wealth and lifetime earnings we evaluate measures of retirement preparedness. We estimate heterogeneous discount factors for households and compare the estimates of their...
Persistent link: https://www.econbiz.de/10012834780
If household portfolios are constrained by borrowing and short-sales restrictions asset markets, then alternative … retirement savings systems may affect household welfare by relaxing these constraints. This paper uses a calibrated partial …
Persistent link: https://www.econbiz.de/10012763806
Recent research has shown that rich' households save at much higher rates than others (see Carroll (2000); Dynan, Skinner, and Zeldes (1996); Gentry and Hubbard (1998); Huggett (1996); Quadrini (1999)). This paper documents another large difference between the rich and the rest of the...
Persistent link: https://www.econbiz.de/10012470917
Households face earnings risk which is non-normal and varies by age and over the income distribution. We show that allowing for these rich features of earnings dynamics, in the context of a structurally estimated life-cycle portfolio choice model, helps to rationalize the limited participation...
Persistent link: https://www.econbiz.de/10014278693