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A theory of capital gains taxation and business turnover

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  • Ricardo O. Cavalcanti
  • Andrés Erosa

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  • Ricardo O. Cavalcanti & Andrés Erosa, 2007. "A theory of capital gains taxation and business turnover," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 32(3), pages 477-496, September.
    • Handle: RePEc:spr:joecth:v:32:y:2007:i:3:p:477-496
    DOI: 10.1007/s00199-006-0115-5
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    References listed on IDEAS

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    1. Martin Feldstein & Joel Slemrod & Shlomo Yitzhaki, 1980. "The Effects of Taxation on the Selling of Corporate Stock and the Realization of Capital Gains," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 94(4), pages 777-791.
    2. Jovanovic, Boyan, 1982. "Selection and the Evolution of Industry," Econometrica, Econometric Society, vol. 50(3), pages 649-670, May.
    3. Balcer, Yves & Judd, Kenneth L, 1987. "Effects of Capital Gains Taxation on Life-Cycle Investment and Portfolio Management," Journal of Finance, American Finance Association, vol. 42(3), pages 743-758, July.
    4. Holmes, Thomas J & Schmitz, James A, Jr, 1990. "A Theory of Entrepreneurship and Its Application to the Study of Business Transfers," Journal of Political Economy, University of Chicago Press, vol. 98(2), pages 265-294, April.
    5. Joseph J. Minarik, 1984. "The Effects of Taxation on the Selling of Corporate Stock and the Realization of Capital Gains: Comment," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 99(1), pages 93-110.
    6. Holmes, Thomas J & Schmitz, James A, Jr, 1996. "Managerial Tenure, Business Age, and Small Business Turnover," Journal of Labor Economics, University of Chicago Press, vol. 14(1), pages 79-99, January.
    Full references (including those not matched with items on IDEAS)

    Citations

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    Cited by:

    1. Cho, Myeonghwan, 2014. "The effect of capital gains taxation on small business transfers and start-ups," Economic Modelling, Elsevier, vol. 36(C), pages 447-454.
    2. repec:ken:wpaper:1101 is not listed on IDEAS
    3. R. O. Cavalcanti & Daniela Puzzello, 2010. "Stationarity without degeneracy in a model of commodity money," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 43(2), pages 263-280, May.

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    More about this item

    Keywords

    Asset prices; Business turnover; Taxation; Production efficiency; E62; E23; E3;
    All these keywords.

    JEL classification:

    • E62 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Fiscal Policy; Modern Monetary Theory
    • E23 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Production
    • E3 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles

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