Shall We Tax the Risk Premium?

Cite This

Files in this item

Checksum: MD5:6cc5d2e10be60a57b1979613d20cdcc4

HILGERS, Bodo, Dirk SCHINDLER, 2002. Shall We Tax the Risk Premium?

@techreport{Hilgers2002Shall-12280, series={CoFE-Diskussionspapiere / Zentrum für Finanzen und Ökonometrie}, title={Shall We Tax the Risk Premium?}, year={2002}, number={2002/17}, author={Hilgers, Bodo and Schindler, Dirk} }

<rdf:RDF xmlns:dcterms="" xmlns:dc="" xmlns:rdf="" xmlns:bibo="" xmlns:dspace="" xmlns:foaf="" xmlns:void="" xmlns:xsd="" > <rdf:Description rdf:about=""> <dcterms:title>Shall We Tax the Risk Premium?</dcterms:title> <dcterms:hasPart rdf:resource=""/> <bibo:uri rdf:resource=""/> <foaf:homepage rdf:resource="http://localhost:8080/jspui"/> <dc:creator>Hilgers, Bodo</dc:creator> <dspace:hasBitstream rdf:resource=""/> <dcterms:available rdf:datatype="">2011-03-25T09:44:01Z</dcterms:available> <dcterms:rights rdf:resource=""/> <dc:contributor>Schindler, Dirk</dc:contributor> <dc:rights>terms-of-use</dc:rights> <dcterms:abstract xml:lang="eng">Should the realized risk premium be taxed or not? In a simple two asset portfolio model we analyze the optimal taxation rule when the economy faces aggregate risk. We show in an appropriate designed tax system, that the risk premium of the risky asset should be fully taxed if the households are risk neutral in public consumption. If they are risk averse in public consumption, too, a positive tax rate below 100 % is optimal. We show further, that an efficient risk allocation between public and private consumption can be achieved without any distortion costs.</dcterms:abstract> <dc:creator>Schindler, Dirk</dc:creator> <dc:language>eng</dc:language> <dc:format>application/pdf</dc:format> <dcterms:issued>2002</dcterms:issued> <dc:contributor>Hilgers, Bodo</dc:contributor> <dc:date rdf:datatype="">2011-03-25T09:44:01Z</dc:date> <dcterms:isPartOf rdf:resource=""/> <dspace:isPartOfCollection rdf:resource=""/> <void:sparqlEndpoint rdf:resource="http://localhost/fuseki/dspace/sparql"/> </rdf:Description> </rdf:RDF>

Downloads since Oct 1, 2014 (Information about access statistics)

dp02_17.pdf 93

This item appears in the following Collection(s)

Search KOPS


My Account