| Article ID | Journal | Published Year | Pages | File Type |
|---|---|---|---|---|
| 967469 | Journal of Monetary Economics | 2012 | 13 Pages |
Abstract
⺠The effects of dividend and capital gains taxes are studied under incomplete markets. ⺠Capital gains tax cuts promote investment but dividend tax cuts reduce it. ⺠Both stock prices and dividends are predicted to increase following the tax cuts. ⺠The theory is applied to the Jobs and Growth Tax Relief Reconciliation Act of 2003. ⺠The reforms have negative redistribution and confirm price and dividend changes.
Related Topics
Social Sciences and Humanities
Economics, Econometrics and Finance
Economics and Econometrics
Authors
Alexis Anagnostopoulos, Eva Cárceles-Poveda, Danmo Lin,