Overreaction to Capital Taxation in Saving Decisions

2021 ◽  
Author(s):  
Kelin Lu
Keyword(s):  
Capital Taxation ◽  
Saving Decisions

The Mirage of Mark-to-Market: Distributive Justice and Alternatives to Capital Taxation

2019 ◽  
Author(s):  
Charles Delmotte ◽  
Nick Cowen
Keyword(s):  
Distributive Justice ◽  
Capital Taxation

Discount Ratio Effect and Mental Accounting in Money Saving Decisions

2008 ◽  
Vol 52 (19) ◽  
pp. 1354-1358
Author(s):  
Alison K. Klein ◽  
X. T. Wang
Keyword(s):  
Mental Accounting ◽  
Ratio Effect ◽  
Saving Decisions

Are the saving decision patterns of bank customers also clouded by psychological biases? Evidence from Ghana

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Joseph Emmanuel Tetteh ◽  
Christopher Boachie
Keyword(s):  
Decision Making ◽  
Loss Aversion ◽  
Design Methodology ◽  
Weighted Least Squares ◽  
Least Squares Regression ◽  
Individual Decision ◽  
Content Type ◽  
Saving Decisions ◽  
The Individual ◽  
Practical Implications

PurposeThis paper attempts to investigate the influence of psychological biases on saving decision-making of bank customers in Ghana.Design/methodology/approachIt employs weighted least squares regression to test the effect of psychological biases on savings decisions of bank customers.FindingsThe findings show that all the nine psychological biases, namely mental accounting, availability, loss aversion, representativeness, anchoring, overconfidence, status quo, framing effect and disposition effect employed for the study have a significant influence on saving decision of bank customers. The results depict that psychological biases are entrenched in the saving pattern of bank customers in Ghana.Practical implicationsFor policy purposes, the study recommends that bank customers need to enhance their knowledge of psychological biases in order to improve their gains from savings, and not to fall prey to these prejudices. The satisfied customer is a dependable source of bank viability and survival.Originality/valueTo the best of the knowledge of the author, this study provides the first empirical evidence of the influence of psychological biases on saving decisions of bank customers in Ghana. The findings of this study will enhance knowledge on the influence of psychological biases on individual decision-making and will accentuate the fact that the individual is not an entirely rational being.

scholarly journals A Simpler Theory of Optimal Capital Taxation

2016 ◽  
Author(s):  
Emmanuel Saez ◽  
Stefanie Stantcheva
Keyword(s):  
Capital Taxation ◽  
Optimal Capital

A NOTE ON OPTIMAL CAPITAL TAXATION WITH PREFERENCE EXTERNALITIES

2018 ◽  
Vol 24 (3) ◽  
pp. 729-746 ◽  
Author(s):  
Cheng-Wei Chang ◽  
Ching-Chong Lai
Keyword(s):  
The United States ◽  
Income Taxes ◽  
Income Taxation ◽  
Capital Taxation ◽  
Neoclassical Growth Model ◽  
Factor Income ◽  
Status Seeking ◽  
Capital Tax ◽  
Optimal Capital ◽  
Neoclassical Growth

This paper extends the Chamley–Judd framework by introducing preference externalities in a neoclassical growth model, and finds that the optimal capital tax increases with the extent of social-status seeking or negative leisure externalities. Furthermore, this paper finds that differences in leisure externalities lead to a distinct impact on optimal factor income taxes, and hence may serve as a plausible vehicle to explain the empirical differences in factor income taxation in the United States and Europe.

scholarly journals Capital Taxation, Long-Run Growth and Bequests

2009 ◽  
Author(s):  
Lars Kunze
Keyword(s):  
Capital Taxation ◽  
Long Run

scholarly journals THE RELATION BETWEEN FINANCIAL KNOWLEDGE AND ECONOMIC DECISIONS

2014 ◽  
Vol 59 (1) ◽  
pp. 59-67
Author(s):  
Sabina Kołodziej
Keyword(s):  
Young Adults ◽  
Young People ◽  
Banking System ◽  
Financial Education ◽  
Financial Knowledge ◽  
Economic Decisions ◽  
Current Economic Situation ◽  
Common Observation ◽  
Saving Decisions

Nowadays policymakers, government agencies and educators in Poland and in many European countries emphasize the role of individual possibilities to take independent decisions regarding one’s financial resources. Consequently, the increased interest in financial education programs is observed. Moreover, the complexity of financial products further demonstrates the need for a financial knowledge when making decisions in this sphere. However, simultaneously, the common observation of numerous examples of irrelevant decision-making, consequently leading to financial (e.g. abundant debt) or professional (e.g. loss of work) problems as well as results of studies on the level of financial knowledge show that in many cases our society, most probably, does not have the indispensable level of analyzed knowledge. The article presents results of 2 studies on the relation between financial knowledge and economic decisions made by Polish young adults. The study 1 focuses on the correlation between financial knowledge and saving decisions while the study 2 financial knowledge and respondents debts. In both studies the level of financial knowledge was measured by the test relating to the current economic situation of Poland, knowledge of basic economic and financial concepts and understanding of basic market mechanisms. Specially designed questionnaires analyzed respondents’ savings (study 1) and debts (study 2) decisions. The results of those studies show that examined a group of Polish young adults has an average level of financial knowledge. Moreover, the first study found positive correlation (on the level of statistical trend) between financial knowledge and savings decisions. The results of study 2 showed the higher financial knowledge among people who took credits or loans from bank in comparison with people who take credit and loans outside the banking system. Results obtained in the studies reinforce the idea of the important role of financial education in preparing young people to make their own economic decisions. Key words: debt, financial education, financial knowledge, saving, young people.

scholarly journals FACTORS AFFECTING FINANCIAL CONSUMERS’ PRIVATE PENSION PLAN DECISIONS: A LITERATURE REVIEW AND A CONCEPTUAL FRAMEWORK PROPOSAL

2016 ◽  
Vol 4 (2) ◽  
Author(s):  
Aslı Elif Aydın ◽  
Elif Akben Selçuk
Keyword(s):  
Asset Allocation ◽  
Financial Literacy ◽  
Pension Plan ◽  
Private Pension ◽  
Private Pensions ◽  
Factors Affecting ◽  
Private Pension Plan ◽  
Saving Decisions ◽  
Dispositional Factors ◽  
Allocation Decisions

The objective of this study is to propose a framework related to financial consumers’ private pension plan decisions. Specifically, we review the factors affecting consumers’ participation, contribution and asset allocation decisions regarding private pensions. The factors discussed include situational and dispositional factors, personality, motivation, financial literacy, and external influences. Based on this survey of literature, we develop a number of propositions, which are expected to benefit individual retirement planners and pension institutions in gaining a better understanding of retirement saving decisions.

SOME THOUGHTS ON CAPITAL TAXATION

1980 ◽  
Vol 31 (3) ◽  
pp. 381-397 ◽  
Author(s):  
G. H. Peters
Keyword(s):  
Capital Taxation

scholarly journals Short-run and long-run effects of capital taxation on innovation and economic growth

2017 ◽  
Vol 53 ◽  
pp. 207-221 ◽  
Author(s):  
Ping-ho Chen ◽  
Angus C. Chu ◽  
Hsun Chu ◽  
Ching-chong Lai
Keyword(s):  
Economic Growth ◽  
Capital Taxation ◽  
Long Run ◽  
Short Run
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