Reviews the current state of research on the relationship between capital gains realization and the capital gains tax rate and offers a theoretical framework to guide future empirical research. Concludes that realizations are probably quite responsive to the tax rate in the short run, but that...

Social Security privatization is now receiving much attention in policy circles. Proposed privatization plans range from modest changes in the mix of assets held by the Social Security trust fund to the phased-in replacement of all Social Security benefits and taxes with mandatory Individual...