Optimal Consumption and Investment with Capital Gains Taxes

Optimum consumption and portfolio rules in a continuous-time model

1971 • 6,065 citations

Are Investors Reluctant to Realize Their Losses?

1998 • 3,653 citations

Optimal Portfolio Choice for Long‐Horizon Investors with Nontradable Labor Income

2001 • 774 citations

Capital Market Equilibrium with Personal Tax

1983 • 509 citations

MARKET FRICTIONS, SAVINGS BEHAVIOR, AND PORTFOLIO CHOICE

1997 • 413 citations

Why Should Older People Invest Less in Stocks Than Younger People?

1996 • 334 citations

Why Should Older People Invest Less in Stocks than Younger People?

1997 • 235 citations

The Optimal Trading and Pricing of Securities with Asymmetric Capital Gains Taxes and Transaction Costs

1996 • 142 citations

Estate and gift taxes and incentives for inter vivos giving in the US

2001 • 135 citations

How burdensome are capital gains taxes?

1987 • 115 citations

Optimal Asset Location and Allocation with Taxable and Tax-Deferred Investing

2001 • 86 citations

Effects of Capital Gains Taxation on Life‐Cycle Investment and Portfolio Management

1987 • 57 citations

Diversification and Capital Gains Taxes with Multiple Risky Assets

2001 • 32 citations

Effects of Capital Gains Taxation on Life-Cycle Investment and Portfolio Management

1987 • 25 citations

Tax‐Induced Intertemporal Restrictions on Security Returns

1994 • 21 citations