Tax Reform and Individual Investor Response: Evidence from Swedish Tax Return Data
This paper uses micro data on more than 3,000 Swedish households to investigate the effects of taxes on portfolio composition. The results indicate that marginal tax rates have substantial effects on household portfolio choice, and that the common procedure of focusing on the behavior of the "average" individual in the data is potentially misleading. The portfolio adjustments due to changes in marginal tax rates, thus, depend crucially on the age, wealth, and income of investors. A final section invokes these findings in discussing the likely effects of lowering marginal tax rates in line with recent reform proposals.
1. Check below under "Related research" whether another version of this item is available online.
2. Check on the provider's web page whether it is in fact available.
3. Perform a search for a similarly titled item that would be available.
Volume (Year): 44 (1989)
Issue (Month): 2 ()
|Contact details of provider:|
When requesting a correction, please mention this item's handle: RePEc:pfi:pubfin:v:44:y:1989:i:2:p:183-203. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Christopher F. Baum)
If references are entirely missing, you can add them using this form.