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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. Zhou, Jie, 2009. "The asset location puzzle: Taxes matter," Journal of Economic Dynamics and Control, Elsevier, vol. 33(4), pages 955-969, April.
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    6. 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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    Full references (including those not matched with items on IDEAS)

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