Taxation of Labor Income and the Demand for Risky Assets

Are Government Bonds Net Wealth?

1974 • 6,026 citations

The equity premium: A puzzle

1985 • 5,686 citations

Inequalities: Theory of Majorization and its Applications.

1981 • 5,248 citations

Risk Aversion in the Small and in the Large

1976 • 4,953 citations

Preference Parameters and Behavioral Heterogeneity: An Experimental Approach in the Health and Retirement Study

1997 • 2,412 citations

Saving and Uncertainty: The Precautionary Demand for Saving

1968 • 1,324 citations

Labor supply flexibility and portfolio choice in a life cycle model

1992 • 1,143 citations

Increasing risk II: Its economic consequences

1971 • 1,042 citations

THE DEMAND FOR RISKY ASSETS

1977 • 977 citations

Optimal Consumption with Stochastic Income: Deviations from Certainty Equivalence

1989 • 925 citations

The Effect of Uncertainty on Saving Decisions

1970 • 910 citations

Proportional Income Taxation and Risk-Taking

1944 • 733 citations

Income Risk, Borrowing Constraints, and Portfolio Choice

1996 • 615 citations

Redistributive taxation as social insurance

1980 • 610 citations

Consumption decisions under uncertainty

1972 • 593 citations

Consumption puzzles and precautionary savings

1990 • 578 citations

Proper Risk Aversion

1987 • 536 citations

Risky income, life cycle consumption, and precautionary savings

1988 • 521 citations

International Risk Sharing and Economic Growth

1994 • 387 citations

The Economics of Rising Stars

1988 • 282 citations

The Optimal Level of Social Security Benefits

1985 • 270 citations

Consumption correlatedness and risk measurement in economies with non-traded assets and heterogeneous information

1982 • 253 citations

Risk Aversion with Random Initial Wealth

1981 • 247 citations

Taxation, Human Capital, and Uncertainty

1980 • 241 citations

Precautionary Savings and the Permanent Income Hypothesis

1993 • 180 citations

The Effects of Taxation on Risk Taking

1969 • 176 citations

Consumption, production, inflation and interest rates

1986 • 161 citations

On the Role of Social Security as a Means for Efficient Risk-Bearing in an Economy Where Human Capital Is Not Tradeable

1981 • 134 citations

Precautionary Motives for Holding Assets

1991 • 125 citations

Capital Risk, Consumption, and Portfolio Choice

1969 • 122 citations

Preservation of “more risk averse” under expectations

1982 • 117 citations

Risk taking and taxation

1981 • 111 citations

THE EFFECTS OF TAXATION ON SAVINGS AND RISK TAKING

1985 • 97 citations

Portfolio Crowding-Out, Empirically Estimated

1985 • 70 citations

Taxes and Capital Formation: How Important is Human Capital?

1989 • 64 citations

Precautionary Saving and the Marginal Propensity to Consume

1990 • 43 citations

Some Negative Results on the Existence of Comparative Statics Results in Portfolio Theory

1975 • 35 citations

Taxation in a two-period temporal model of consumption and portfolio allocation

1976 • 22 citations

An Equilibrium Analysis of Fiscal Policy with Uncertainty and Incomplete Markets

1993 • 9 citations

A Note on Taxation as Social Insurance for Uncertain Labor Income

1991 • 7 citations