This paper uses micro data on more than 3,000 Swedish households to investigate the effects of taxes on portfolio composition. The results indicate that marginal tax rates have substantial effects on household portfolio choice, and that the common procedure of focusing on the behavior of the...

This paper focuses on the effects of marginal tax rates, wealth, income, and a set of socioeconomic and demographic variables on the portfolio composition of households using detailed micro data on 2,000 Swedish households. In particular, efforts are made to disentangle the effects of marginal...

This paper tries out a variety of approaches to examine three questions. How did the major Swedish tax reform of 1991, which implied lower tax rates and a sharp increase in real after-tax borrowing rates, affect aggregate consumption? How did the tax reform affect household savings composition?...