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actual portfolios of Norwegian households with estimated optimal portfolios, using traditional financial theory. We find …
Persistent link: https://www.econbiz.de/10004980784
Republic. Reforms of excise duties change the prices of goods, a change to which households respond by adjusting their … individual households to create a microeconomic simulation model that enables me to simulate the impact of changes in excise … duties on households' demands. I show the distributional impact of current excise duties and then I simulate the impact of …
Persistent link: https://www.econbiz.de/10010429950
Using brokerage account data, we analyze the tax awareness of individual investors. We find strong evidence that taxes matter: investors prefer to locate bonds and mutual funds in retirement accounts and, in December, harvest stock losses in their taxable accounts. However, investors also trade...
Persistent link: https://www.econbiz.de/10012774510
We describe a simple model of taxpayer decisions to realize or delay their capital gains and losses. Investors will delay their realizations if the after tax rate of return is sufficiently high. As the holding period for the asset approaches a year and a day (after which capital gains are taxed...
Persistent link: https://www.econbiz.de/10012965521
This paper empirically investigates the effects of differential income taxation on households' portfolio choice and … income taxation. Households that face relatively higher tax rates are found to have relatively greater demand for tax …-privileged assets than households in the lower tax brackets. The higher the marginal tax rate the greater demand is for non …
Persistent link: https://www.econbiz.de/10010285730
labor income is distributed differently within households. Using this source of variation we find statistically significant …
Persistent link: https://www.econbiz.de/10003824234
labor income is distributed differently within households. Using this source of variation we find statistically significant …
Persistent link: https://www.econbiz.de/10003871286
This paper empirically investigates the effects of differential income taxation on households' portfolio choice and … income taxation. Households that face relatively higher tax rates are found to have relatively greater demand for tax …-privileged assets than households in the lower tax brackets. The higher the marginal tax rate the greater demand is for non …
Persistent link: https://www.econbiz.de/10009262080
This paper empirically investigates the effects of differential income taxation on households' portfolio choice and … income taxation. Households that face relatively higher tax rates are found to have relatively greater demand for tax …-privileged assets than households in the lower tax brackets. The higher the marginal tax rate the greater demand is for non …
Persistent link: https://www.econbiz.de/10013137955
relatively constant ratio of investment assets to wealth from year to year. However, some households may fail to rebalance, or …
Persistent link: https://www.econbiz.de/10013138691