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New Evidence on Asset Location from the Survey of Consumer Finances

Author

Listed:
  • Yothin Jinjarak

    (Department of Financial and Management Studies, SOAS, University of London, London, UK)

  • Jie Zhou

    (Division of Economics, Nanyang Technological University, Singapore, Singapore, zhoujie@ntu.edu.sg)

Abstract

This article provides new evidence on household asset location decisions using the latest Survey of Consumer Finances (SCF). The authors find that the difference between the equity share in tax-deferred accounts (TDAs) and the equity share in taxable accounts (TAs), a measure of asset location in the article, declined significantly after 2001. They also discuss potential explanations of the change in asset location.

Suggested Citation

  • Yothin Jinjarak & Jie Zhou, 2011. "New Evidence on Asset Location from the Survey of Consumer Finances," Public Finance Review, , vol. 39(4), pages 594-615, July.
    • Handle: RePEc:sae:pubfin:v:39:y:2011:i:4:p:594-615
    DOI: 10.1177/1091142111403619
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    References listed on IDEAS

    as
    1. Bergstresser, Daniel & Poterba, James, 2004. "Asset allocation and asset location: household evidence from the survey of consumer finances," Journal of Public Economics, Elsevier, vol. 88(9-10), pages 1893-1915, August.
    2. Poterba, James M., 2004. "Valuing Assets in Retirement Saving Accounts," National Tax Journal, National Tax Association;National Tax Journal, vol. 57(2), pages 489-512, June.
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    4. James M. Poterba, 2004. "Valuing Assets in Retirement Saving Accounts," Working Papers, Center for Retirement Research at Boston College wp2004-11, Center for Retirement Research, revised Apr 2004.
    5. Gene Amromin, 2003. "Household Portfolio Choices in Taxable and Tax-Deferred Accounts: Another Puzzle?," Review of Finance, Springer, vol. 7(3), pages 547-582.
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    Full references (including those not matched with items on IDEAS)

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