000			01434nab a2200241 c 4500
999			_c150498 _d150498
003			ES-MaIEF
005			20250325170857.0
007			ta
008			250325t2024 gw ||||| |||| 00| 0 eng d
040			_aES-MaIEF _bspa _cES-MaIEF
100	1		_972466 _aMaebayashi, Noritaka
245	1	0	_aCapital income taxation, stock market participation and economic growth _c Noritaka Maebayashi, Jumpei Tanaka
504			_aBibliografía
520			_aWe examine the effect of capital income tax cut on individuals' stock market participation and economic growth. Specifically, we construct an endogenous growth model in which individuals choose one of two types of savings (i.e., physical capital, which yields higher returns for individuals with higher financial literacy; and bank deposits, which require no financial literacy but the return rate is lower), and banks allocate deposits to physical capital investments and non-productive lending to individuals. We show that the capital income tax cut can raise both individuals' stock market participation and economic growth.
650		4	_947726 _aBOLSA DE VALORES
650		4	_950224 _aDESARROLLO ECONOMICO
650		4	_948255 _aRENDIMIENTOS DE CAPITAL
650		4	_947531 _aINVERSIONES
650		4	_948108 _aPRESTAMOS
700			_917381 _aTanaka, Jumpei
773	0		_9173206 _oOP 207/2024/4 _tFinanzArchiv _w(IEF)21244 _x 0015-2218 _g v. 80, n. 4, December 2024, p. 380-411
942			_cART