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Richer earnings dynamics, consumption and portfolio choice over the life cycle

Gálvez, Julio; Paz Pardo, Gonzalo - 2023

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

Measuring Effective Tax Rates on Risky Assets

Pascali, Luigi - 2009

In the economic literature the fiscal burden on financial claims is usually measured by the expected tax rate. Auerbach has demonstrated that the use of this method can be seriously misleading. This paper develops a method for defining an effective tax rate adjusted for risk on uncertain...

Persistent link: https://www.econbiz.de/10012721966

Taxation, Risk, and Portfolio Choice : The Treatment of Returns to Risk Under a Normative Income Tax

Brooks, John R. - 2013

Many articles in the legal and economic literature claim that a pure Haig-Simons income tax cannot effectively tax investment income. This is because an investor can use leverage to gross up her investments in risky assets such that the increased gain (or loss) exactly offsets any income tax (or...

Persistent link: https://www.econbiz.de/10013078370

Financial planning ability, risk perception and household portfolio choice

Dekui, Jia; Li, Ruihai; Shibo, Bian; Gan, Christopher - In: Emerging markets, finance & trade : a journal of the … 57 (2021) 8, pp. 2153-2175

Persistent link: https://www.econbiz.de/10012549881

Entrepreneurship and household portfolio choice : evidence from the China Household Finance Survey

Li, Rui; Wang, Tianyu; Zhou, Mingshan - In: Journal of empirical finance 60 (2021), pp. 1-15

Persistent link: https://www.econbiz.de/10012692862

Health and the share of wealth held in risky assets

Vega, Alejandro; Velli, Evangelia - 2020

Persistent link: https://www.econbiz.de/10012194053

Gambling or risk avoidance : empirical evidence of risk taking behavior among Swedish households

Pålsson, Anne-Marie - 1992

Persistent link: https://www.econbiz.de/10000845218

Evidence on the Insurance Effect of Marginal Income Taxes

Grant, Charles - 2008

Marginal income taxes may have an insurance effect by decreasing the effective fluctuations of after-tax individual … income. By compressing the idiosyncratic component of personal income fluctuations, higher marginal taxes should be … taxation. Our study empirically examines this negative correlation, exploiting the ample variation of state taxes across US …

Persistent link: https://www.econbiz.de/10012770250

Preferential corporate income tax treatment : valuation in the market portfolio

Yoo, Junwook - In: International journal of economic theory 19 (2023) 3, pp. 450-470

Persistent link: https://www.econbiz.de/10014335555

Optimal income taxation with a risky asset : the triple income tax ; presented at CESifo Venice Summer Institute, workshop on "The Future of Capital Income Taxation", July 2006

Schindler, Dirk - 2006

an interest-adjusted income tax is optimal. This tax leaves a riskless component of interest income tax free and taxes …

Persistent link: https://www.econbiz.de/10003387591

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