The Effects of Taxation on the Selling of Corporate Stock and the Realization of Capital Gains
首次用计量经济学分析税收对资本利得实现的影响，利用个人纳税申报数据，发现股票出售对税率敏感，且对资本利得实现的影响更强。
This study provides the first econometric analysis of the effect of taxation on the realization of capital gains. The analysis thus extends and complements the earlier study by Feldstein and Yitzhaki [1978] of the effect of taxation on the selling of corporate stock. The present analysis, using a large, new body of data obtained from individual tax returns, supports the earlier finding that corporate stock sales are quite sensitive to tax rates and then shows that the effect on the realization of capital gains is even stronger.