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Poterba, James M. - 2010

medical expenses or lost earnings, we estimate how the evolution of household assets is related to poor health. We construct a …

Persistent link: https://www.econbiz.de/10013137773

Household Portfolio Allocation Over the Life Cycle

Poterba, James M. - 2008

household wealth accumulation is not supported by the data. Institutional factors, asset liquidity, and evolving investor tastes … must be recognized in modeling asset demand. These factors could affect analyses of overall household saving as well as the …

Persistent link: https://www.econbiz.de/10012774929

Asset Allocation and Asset Location : Household Evidence from the Survey of Consumer Finances

Bergstresser, Daniel - 2002

The rapid growth of assets in self-directed tax-deferred retirement accounts has generated a new set of financial decisions for many households. In addition to deciding which assets to hold, households with substantial assets in both taxable and tax-deferred accounts must decide where to hold...

Persistent link: https://www.econbiz.de/10012787081

Taxation and Household Portfolio Composition : U.S. Evidence from the 1980s and 1990s

Poterba, James M. - 2010

This paper explores the relationship between household marginal income tax rates, the set of assets that households own … surveys. The empirical findings suggest that a household's marginal tax rate has an important effect its asset allocation … decisions. The probability that a household owns tax-advantaged assets is strongly related to its tax rate on ordinary income …

Persistent link: https://www.econbiz.de/10012763785

Tax-Motivated Trading by Individual Investors

Ivkovich, Zoran; Poterba, James M.; Weisbenner, Scott J. - 2021

We use data on the stock trades of a large number of individual investors to study how tax incentives affect the realization of capital gains and losses. We compare investors' realizations in their taxable and tax-deferred accounts, which allows us to identify tax-motivated trading. We reach...

Persistent link: https://www.econbiz.de/10013249575

Which Households Own Municipal Bonds? Evidence from Tax Returns

Feenberg, Daniel R.; Poterba, James M. - 2021

This paper uses data from 1988 federal income tax returns, which asked taxpayers to report their tax-exempt interest income as an information item, to analyze the distribution of tax-exempt asset holdings. More than three quarters of the tax-exempt debt held by households was held by those with...

Persistent link: https://www.econbiz.de/10013244894

Second Mortgages and Household Saving

Manchester, Joyce - 2011

borrowing is associated with a seventy-five cent reduction in household net worth. While these results cannot be given a causal …

Persistent link: https://www.econbiz.de/10013126556

Asset Location for Retirement Savers

Poterba, James M. - 2010

This paper uses data on actual returns on taxable bonds, tax-exempt bonds, and a small sample of equity mutual funds over the 1962-1998 period to compare two asset location strategies for retirement savers. The first strategy gives priority to holding equities, through equity mutual funds, in a...

Persistent link: https://www.econbiz.de/10012763271

Copycat Funds : Information Disclosure Regulation and the Returns to Active Management in the Mutual Fund Industry

Myers, Mary Margaret - 2012

Mutual funds must disclose their portfolio holdings to investors semiannually. The costs and benefits of such disclosures are a long-standing subject of debate. For actively managed funds, one cost of disclosure is a potential reduction in the private benefits from research on asset values....

Persistent link: https://www.econbiz.de/10012755953

State Responses to Fiscal Crisis : the Effects of Budgetary Institutionsand Politics

Poterba, James M. - 2021

This paper explores how state fiscal institutions and political circumstances affect the dynamics of state taxes and spending during periods of fiscal stress. The analysis focuses on the late 1980s, when sharp economic downturns in several regions, coupled with increased expenditure demands, led...

Persistent link: https://www.econbiz.de/10013223333