Ivković, Zoran; Poterba, James; Weisbenner, Scott - In: American Economic Review 95 (2005) 5, pp. 1605-1630
We analyze stock trades made by individuals holding stock in both taxable and tax-deferred accounts. By comparing trades across these two types of accounts, we uncover a capital gains lock-in effect in taxable accounts. The lock-in effect is more pronounced for large stock transactions and for...