Boitani, Andrea; Di Domenico, Lorenzo; Ricchiuti, Giorgio - 2024
the heterogeneity characterizing income sources across the population, the composition of households wealth and portfolio … capital gains and losses (CGL) on long-term bonds are positively correlated with the degree of heterogeneity in the portfolio … preferences of households. In the long-run, such effect vanishes. The short-run effect is null in the case of zero heterogeneity …