The Effects of Income, Wealth, and Capital Gains Taxation on Risk-Taking

DOI10.2307/1883083zbMath0286.90006OpenAlexW1991069915MaRDI QIDQ4773464

Joseph E. Stiglitz

Publication date: 1969

Published in: The Quarterly Journal of Economics (Search for Journal in Brave)

Full work available at URL: https://cowles.yale.edu/sites/default/files/files/pub/d02/d0248.pdf

Mathematics Subject Classification ID

Decision theory (91B06) Utility theory (91B16)

Related Items (19)

Distributional properties of portfolio weights ⋮ LABOR SUPPLY AND GROWTH EFFECTS OF ENVIRONMENTAL POLICY UNDER TECHNOLOGICAL RISK ⋮ On the optimal taxation of capital income ⋮ Income taxation, wealth effects, and uncertainty: portfolio adjustments with isoelastic utility and discrete probability ⋮ Differential taxation and the encouragement of risk-taking ⋮ On the theory of risk aversion and the theory of risk ⋮ Preferential corporate income tax treatment: Valuation in the market portfolio ⋮ Testing for ability in a competitive labor market ⋮ The effects of prior outcomes on risky choice: evidence from the stock market ⋮ Pension fund taxation and risk-taking: should we switch from the EET to the TEE regime? ⋮ Utility functions of equivalent form and the effect of parameter changes on optimum decision making ⋮ Stochastic taxation and asset pricing in dynamic general equilibrium ⋮ The effects of progressive taxation on risk-taking ⋮ Optimal taxation in life-cycle economies ⋮ Risk aversion, impatience, and optimal timing decisions ⋮ STRATEGIC INTERACTION AND CATCHING UP ⋮ THE EFFECT OF CONSUMPTION AND PRODUCTION STRUCTURE ON GROWTH AND DISTRIBUTION. A MICRO TO MACRO MODEL ⋮ LIQUIDITY RISK, INSTEAD OF FUNDING COSTS, LEADS TO A VALUATION ADJUSTMENT FOR DERIVATIVES AND OTHER ASSETS ⋮ Raising and allocation capital principles as optimal managerial contracts

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