Marekwica, Marcel; Schaefer, Alexander; Sebastian, Steffen - In: Journal of Economic Dynamics and Control 37 (2013) 6, pp. 1110-1125
We study the dynamic consumption-portfolio problem over the life cycle, with respect to tax-deferred investing for investors who acquire housing services by either renting or owning a home. The joint existence of these two investment vehicles creates potential for tax arbitrage. Specifically,...