| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w17522 |
| 来源ID | Working Paper 17522 |
| Government Policy and Ownership of Financial Assets | |
| Kristian Rydqvist; Joshua Spizman; Ilya A. Strebulaev | |
| 发表日期 | 2011-10-20 |
| 出版年 | 2011 |
| 语种 | 英语 |
| 摘要 | Since World War II, direct stock ownership by households across the globe has largely been replaced by indirect stock ownership by financial institutions. We argue that tax policy is the driving force. Using long time-series from eight countries, we show that the fraction of household ownership decreases with measures of the tax benefits of holding stocks inside tax-deferred plans. This finding is important for policy considerations on effective taxation and for financial economics research on the long-term effects of taxation on corporate finance and asset prices. |
| 主题 | Financial Economics ; Financial Markets ; Financial Institutions ; Public Economics ; Taxation |
| URL | https://www.nber.org/papers/w17522 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/575197 |
| 推荐引用方式 GB/T 7714 | Kristian Rydqvist,Joshua Spizman,Ilya A. Strebulaev. Government Policy and Ownership of Financial Assets. 2011. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w17522.pdf（753KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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