Life-cycle stock market participation in taxable and tax-deferred accounts
The stock market participation patterns differ significantly in taxable (TAs) and tax-deferred accounts (TDAs). This paper develops a quantitative life-cycle model to study the optimal stock market participation choice for households with assets in both TAs and TDAs. We find that differential costs...
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| Format: | Article |
| Language: | English |
| Published: |
2013
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| Online Access: | https://hdl.handle.net/10356/107477 http://hdl.handle.net/10220/17907 http://dx.doi.org/10.1016/j.jedc.2012.05.002 |
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| Institution: | Nanyang Technological University |
| Language: | English |