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Income Inequality and Asset Prices Under Redistributive Taxation
Pastor, Lubos - 2017
redistributive taxation. In equilibrium, agents become entrepreneurs if their skill is sufficiently high or risk aversion … sufficiently low. Under heavier taxation, entrepreneurs are more skilled and less risk-averse, on average. Through these selection …
Persistent link: https://www.econbiz.de/10012970829
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Income inequality and asset prices under redistributive taxation
Pástor, Ľuboš; Veronesi, Pietro - 2015
Persistent link: https://www.econbiz.de/10011416955
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Income inequality and asset prices under redistributive taxation
Pástor, Ľuboš; Veronesi, Pietro - 2015
Persistent link: https://www.econbiz.de/10011399222
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Income inequality and asset prices under redistributive taxation
Pástor, Ľuboš; Veronesi, Pietro - In: Journal of monetary economics 81 (2016), pp. 1-20
Persistent link: https://www.econbiz.de/10011709384
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Income Inequality and Asset Prices Under Redistributive Taxation
Pastor, Lubos - 2015
redistributive taxation. Agents differ in both skill and risk aversion. In equilibrium, agents become entrepreneurs if their skill is … sufficiently high or risk aversion sufficiently low. Under heavier taxation, entrepreneurs are more skilled and less risk …
Persistent link: https://www.econbiz.de/10013011771
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Income Inequality and Asset Prices Under Redistributive Taxation
Pastor, Lubos - 2015
redistributive taxation. In equilibrium, agents become entrepreneurs if their skill is sufficiently high or risk aversion … sufficiently low. Under heavier taxation, entrepreneurs are more skilled and less risk-averse, on average. Through these selection …
Persistent link: https://www.econbiz.de/10013013173
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Income Inequality and Asset Prices under Redistributive Taxation
Pastor, Lubos - 2015
redistributive taxation. Agents differ in both skill and risk aversion. In equilibrium, agents become entrepreneurs if their skill is … sufficiently high or risk aversion sufficiently low. Under heavier taxation, entrepreneurs are more skilled and less risk …
Persistent link: https://www.econbiz.de/10013013622
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Income Inequality and Asset Prices under Redistributive Taxation
Pastor, Lubos - 2015
redistributive taxation. In equilibrium, agents become entrepreneurs if their skill is sufficiently high or risk aversion … sufficiently low. Under heavier taxation, entrepreneurs are more skilled and less risk-averse, on average. Through these selection …
Persistent link: https://www.econbiz.de/10012457001
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Characteristic-sorted portfolios : estimation and inference
Cattaneo, Matias D.; Crump, Richard K.; Farrell, Max H.; … - 2016
Portfolio sorting is ubiquitous in the empirical finance literature, where it has been widely used to identify pricing anomalies in different asset classes. Despite the popularity of portfolio sorting, little attention has been paid to the statistical properties of the procedure or to the...
Persistent link: https://www.econbiz.de/10011523775
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Dance with the dollar : exchange rate exposure on the German stock market
Entorf, Horst; Jamin, Gösta - 2002
We estimate the Dollar exposure of German DAX corporations. Our results are based on a new time-variant, APT-based and panel econometric extension of the exchange-rate exposure model in the tradition of Adler and Dumas (1984) and Jorion (1990). Our stock market data consist of 28 performance...
Persistent link: https://www.econbiz.de/10011524455