TY -
GEN
AU - Poterba, James M.
TI -
Chapter 17. Taxation, Risk-Taking, and Household Portfolio Behavior
SN - 9780444823144
SN - 9780080544199
SN - 0080544193
SN - 044482314X
KW - portfolio choice
KW - after-tax returns
KW - investor behavior
PY - 2002
N2 - This chapter summarizes the current state of research on how taxation affects household decisions with respect to portfolio structure and asset trading. It discusses long-standing issues, such as the impact of differential taxation of income flows from stocks and bonds on the incentives for households to invest in these assets, and the effect of capital gains taxation on asset sales. It also addresses a range of emerging issues, such as the impact of taxation on the behavior of mutual funds and their investors, and the effect of tax changes and tax uncertainty on investor behavior. It concludes that taxation exerts a systematic influence on the nature of risk-taking and the structure of household portfolios. Research on the effects of taxation on portfolio structure is more advanced than work on the welfare costs of portfolio distortions.
UR - http://slubdd.de/katalog?TN_libero_mab2
ER -