Are High Income Individuals Better Stock Market Investors?
AbstractThis paper presents evidence that the corporate stock owned by high income investors appreciates substantially faster than the stock owned by investors with lower incomes. Those with very high incomes enjoy the greatest success on their investments while those with incomes under $20,000 have the least success. The evidence indicates that the differences are large and that they have persisted for a long time.
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Bibliographic InfoPaper provided by National Bureau of Economic Research, Inc in its series NBER Working Papers with number 0948.
Date of creation: Jul 1982
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- Feldstein, Martin & Slemrod, Joel & Yitzhaki, Shlomo, 1980.
"The Effects of Taxation on the Selling of Corporate Stock and the Realization of Capital Gains,"
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- Feldstein, Martin & Yitzhaki, Shlomo, 1978. "The effects of the capital gains tax on the selling and switching of common stock," Journal of Public Economics, Elsevier, vol. 9(1), pages 17-36, February.
- Yitzhaki, Shlomo, 1979. "An Empirical Test of the Lock-in Effect of the Capital Gains Tax," The Review of Economics and Statistics, MIT Press, vol. 61(4), pages 626-29, November.
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