Market value estimates of Japanese saving and comparisons with the U.S.: can the capital gains to land be included in ‘saving?’

1994 ◽  
Vol 6 (1) ◽  
pp. 27-44 ◽  
Author(s):  
Robert Dekle
Keyword(s):  
Market Value ◽  
Capital Gains ◽  
The U.S

scholarly journals Revenue and Incentive Effects of Basis Step-Up at Death: Lessons from the 2010 “Voluntary” Estate Tax Regime

2016 ◽  
Vol 106 (5) ◽  
pp. 662-667 ◽  
Author(s):  
Robert Gordon ◽  
David Joulfaian ◽  
James Poterba
Keyword(s):  
Market Value ◽  
Capital Gains ◽  
Estate Tax ◽  
Incentive Effects ◽  
Tax Returns ◽  
Fair Market ◽  
Fair Market Value ◽  
The U.S

In 2010, the U.S. estate tax expired and executors of wealthy decedents were not required to file estate tax returns. In the absence of the estate tax, beneficiaries received assets with carryover rather than stepped-up basis. Unrealized capital gains accounted for 44 percent of the fair market value of non-cash assets in estates that chose the carryover basis regime, and an even higher percentage for some asset categories. Many of the largest gains were on assets that had been held for at least two decades.

Effects of technical innovation on market value of the U.S. semiconductor industry

2010 ◽  
Vol 77 (8) ◽  
pp. 1322-1338 ◽  
Author(s):  
Chen-Chi Lou ◽  
Tsung-Pei Lee ◽  
Shang-Chi Gong ◽  
Shu-Ling Lin
Keyword(s):  
Semiconductor Industry ◽  
Market Value ◽  
Technical Innovation ◽  
The U.S

Capital and Wealth in the Twenty-First Century

2015 ◽  
Vol 105 (5) ◽  
pp. 34-37 ◽  
Author(s):  
David N. Weil
Keyword(s):  
Human Capital ◽  
Capital Stock ◽  
Market Value ◽  
Capital Gains ◽  
First Century ◽  
Discount Rates ◽  
Income Ratio ◽  
Last 300 Years ◽  
Twenty First Century ◽  
Thomas Piketty

In Capital in the Twenty-First Century, Thomas Piketty uses the market value of tradable assets to measure both productive capital and wealth. As a measure of wealth this is problematic because it ignores the value of human capital and transfer wealth, which have grown enormously over the last 300 years. Thus the constancy of the wealth/income ratio as portrayed in his data is an illusion. Further, the types of wealth that he does not measure are more equally distributed than tradable assets. The approach also incorrectly identifies capital gains due to reduced discount rates as increases in the capital stock.

Trading Strategy for Stock Index Futures Based on Disposition Effect

2014 ◽  
Vol 22 (1) ◽  
pp. 25-44
Author(s):  
Seung Hyun Oh ◽  
Sang Buhm Hahn
Keyword(s):  
Investment Strategy ◽  
Trading Strategy ◽  
Capital Gains ◽  
Stock Index ◽  
Expected Returns ◽  
Stock Index Futures ◽  
Investment Strategies ◽  
Positive Relation ◽  
Index Futures ◽  
The U.S

Grinblatt and Han (2005) argued that unrealized capital gains and expected returns are positively related in the U.S. stock markets. This study investigates the possibility of developing investment strategies for stock index futures using the positive relation. Probing the trading data of futures on KOSPI200 during the period of 1995~2013, several interesting results are obtained. First, the strategy of building long positions when the unrealized capital gain is greater than zero produces positive profit which is statistically significant. Second, the profitability of this strategy during December is significantly positive while the profitability during January is insignificant. Third, the strategy generates positive profit during the second half year while the profitability of the first half year is insignificant. These results imply that it is possible to develop investment strategy by extracting some information from the unrealized capital gains.

Reduce Extreme Economic Inequality

2018 ◽  
Author(s):  
Julia Henly ◽  
Raven Jones ◽  
Laura Lein ◽  
Jennifer Romich ◽  
Trina Shanks ◽  
...  
Keyword(s):  
Home Ownership ◽  
Economic Inequality ◽  
Well Being ◽  
Capital Gains ◽  
Access To Education ◽  
Retirement Accounts ◽  
Tax Benefits ◽  
Health And Well Being ◽  
Total Wealth ◽  
The U.S

The top 1% owns nearly half of the total wealth in the U.S, while one in five children live in poverty. The consequences for health and well-being are immeasurable. We can correct the broad inequality of wealth and income through a variety of innovative means related to wages and tax benefits associated with capital gains, retirement accounts, and home ownership. Greater lifelong access to education will also provide broader economic opportunities.

scholarly journals Economic Consequences of Housing Speculation

2020 ◽  
Vol 33 (11) ◽  
pp. 5248-5287 ◽  
Author(s):  
Zhenyu Gao ◽  
Michael Sockin ◽  
Wei Xiong
Keyword(s):  
Housing Price ◽  
Capital Gains ◽  
Economic Consequences ◽  
Housing Construction ◽  
Household Demand ◽  
Economic Downturns ◽  
Housing Boom ◽  
Price Appreciation ◽  
State Capital ◽  
The U.S

Abstract By exploiting variation in state capital gains taxation as an instrument, we analyze the economic consequences of housing speculation during the U.S. housing boom in the 2000s. We find that housing speculation, anchored, in part, on extrapolation of past housing price changes, led not only to greater price appreciation, economic expansions, and housing construction during the boom in 2004–2006 but also to more severe economic downturns during the subsequent bust in 2007–2009. Our analysis supports supply overhang and local household demand as two key channels for transmitting these adverse effects.

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