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Taxation, Saving and the Rate of Interest
Boskin, Michael J. - 1976
After exploring both the crucial role of the interest elasticity of the saving rate in the analysis of a wide variety of issues in economic - particularly tax - policy and reasons why previous studies of the effect of interest rates on consumption and saving have biased the estimated elasticity...
Persistent link: https://www.econbiz.de/10012478993
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Taxation and Saving
Bernheim, B. Douglas - 1999
In this survey, I summarize and evaluate the extant literature concerning taxation and personal saving. I describe the theoretical models that economists have used to depict saving decisions, and I explore the positive and normative implications of these models. The central positive question is...
Persistent link: https://www.econbiz.de/10012471740
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Quantitative Implications of the Home Bias : Foreign Underinvestment, Domestic Oversaving, and Corrective Taxation
Razin, Assaf - 1997
There is strong evidence about a home-court advantage in international portfolio" investment. One explanation for the bias is an information asymmetry between domestic and" foreign investors about the economic performance of domestic firms. This asymmetry causes" two types of distortions: an...
Persistent link: https://www.econbiz.de/10012472476
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Fiscal Policies, Capital Formation, and Capitalism
Feldstein, Martin - 1994
This lecture examines the effects of tax policy and social security retirement benefits on capital accumulation and economic welfare. The paper begins by examining how capital income taxes reduce the real return to savers and then discusses the welfare loss of capital income taxation relative to...
Persistent link: https://www.econbiz.de/10012474022
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Taxation of Investment and Savings in a World Economy : The Certainty Case
Gordon, Roger H. - 1985
This paper explores the characteristics of individual portfolio holdings in a world economy with a unified securities market where there are many countries, each with its own tax rates and inflation rate. When nominal interest is taxable but income to equity owners is tax exempt in all...
Persistent link: https://www.econbiz.de/10012477356
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Taxation and Savings - A Neoclassical Perspective
Kotlikoff, Laurence J. - 1984
This paper discusses recent neoclassical analyses of taxation and savings.Contrary to the popular view that fiscal … policy has highly ambiguous impacts on savings, neoclassical models admit a host of policies with clear and potentially quite … quantitative affect on savings.The essential elements of these policies involve inter- and intragenerational redistribution …
Persistent link: https://www.econbiz.de/10012477793
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Taxable and Tax-Exempt Interest Rates : The Role of Personal and Corporate Tax Rates
Peek, Joe - 1985
This paper investigates empirically the effects of personal and corporate taxes on taxable interest rates and on the spread between taxable and tax-exempt rates. Two main sets of results emerge. First, we establish that the effective marginal investors in the Treasury bill market are households,...
Persistent link: https://www.econbiz.de/10012477542
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Taxation of Interest Income
Gordon, Roger H. - 2003
Why is interest income taxed more heavily than other forms of capital income? This differential tax treatment has generated substantial tax arbitrage, resulting in lower tax revenue, efficiency costs, and apparently net gains to rich borrowers and net losses to poor lenders, together suggesting...
Persistent link: https://www.econbiz.de/10012469208
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Effects of Shifting Saving Patterns on Interest Rates and Economic Activity
Friedman, Benjamin M. - 1980
Individuals in the United States consistently do most of their saving through financial intermediaries, but over time there have been and continue to be major shifts in people's reliance on specific kinds of intermediary institutions. In recent years, for example, individual savers have relied...
Persistent link: https://www.econbiz.de/10012478538
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Savings Gluts and Interest Rates : The Missing Link to Europe
Dooley, Michael P. - 2005
Data for world savings rates do not suggest that an aggregate glut of world savings has depressed US and international … interest rates in recent years. Unusual but offsetting changes in savings rates have been limited to three regions: sharp … increased very little. There are two important features of this change in regional savings behavior. First, three-quarters of …
Persistent link: https://www.econbiz.de/10012467159