{"id":"https://openalex.org/W3121308317","doi":"https://doi.org/10.2307/1885668","title":"The Effects of Taxation on the Selling of Corporate Stock and the Realization of Capital Gains","display_name":"The Effects of Taxation on the Selling of Corporate Stock and the Realization of Capital Gains","publication_year":1980,"publication_date":"1980-06-01","ids":{"openalex":"https://openalex.org/W3121308317","doi":"https://doi.org/10.2307/1885668","mag":"3121308317"},"language":"en","primary_location":{"id":"doi:10.2307/1885668","doi":"https://doi.org/10.2307/1885668","is_oa":false,"landing_page_url":"https://doi.org/10.2307/1885668","pdf_url":null,"source":{"id":"https://openalex.org/S203860005","display_name":"The Quarterly Journal of Economics","issn_l":"0033-5533","issn":["0033-5533","1531-4650"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-a-star","anvur-class-a","anvur-scientific","cwts-core","ft50","jufo-3","norway-2","poland-200","russia-white-list-1","vabb-shw"],"host_organization":"https://openalex.org/P4310311648","host_organization_name":"Oxford University Press","host_organization_lineage":["https://openalex.org/P4310311648","https://openalex.org/P4310311647"],"host_organization_lineage_names":["Oxford University Press","University of Oxford"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"The Quarterly Journal of Economics","raw_type":"journal-article"},"volume":null,"type":"article","indexed_in":["crossref"],"open_access":{"is_oa":false,"oa_status":"closed","oa_url":null,"any_repository_has_fulltext":false},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5108406018","display_name":"Martin S. Feldstein","orcid":null,"observed_orcids":[]},"institutions":[{"id":"https://openalex.org/I1321305853","display_name":"National Bureau of Economic Research","ror":"https://ror.org/04grmx538","country_code":"US","type":"nonprofit","lineage":["https://openalex.org/I1321305853"]},{"id":"https://openalex.org/I136199984","display_name":"Harvard University","ror":"https://ror.org/03vek6s52","country_code":"US","type":"education","lineage":["https://openalex.org/I136199984"]}],"countries":["US"],"is_corresponding":false,"raw_author_name":"Martin Feldstein","raw_affiliation_strings":["The National Bureau of Economic Research and Harvard University"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"The National Bureau of Economic Research and Harvard University","institution_ids":["https://openalex.org/I1321305853","https://openalex.org/I136199984"]}]},{"author_position":"middle","author":{"id":"https://openalex.org/A5038074143","display_name":"Joel Slemrod","orcid":null,"observed_orcids":[]},"institutions":[{"id":"https://openalex.org/I130238516","display_name":"University of Minnesota","ror":"https://ror.org/017zqws13","country_code":"US","type":"education","lineage":["https://openalex.org/I130238516"]}],"countries":["US"],"is_corresponding":false,"raw_author_name":"Joel Slemrod","raw_affiliation_strings":["University of Minnesota"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"University of Minnesota","institution_ids":["https://openalex.org/I130238516"]}]},{"author_position":"last","author":{"id":"https://openalex.org/A5019636045","display_name":"Shlomo Yitzhaki","orcid":null,"observed_orcids":[]},"institutions":[],"countries":[],"is_corresponding":false,"raw_author_name":"Shlomo Yitzhaki","raw_affiliation_strings":["Rehovath University and the Falk Institute, Jerusalem, Israel"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Rehovath University and the Falk Institute, Jerusalem, Israel","institution_ids":[]}]}],"institutions":[],"countries_distinct_count":1,"institutions_distinct_count":3,"corresponding_author_ids":[],"corresponding_institution_ids":[],"apc_list":{"value":7619,"currency":"USD","value_usd":7619},"apc_paid":null,"fwci":13.5868,"has_fulltext":false,"cited_by_count":121,"citation_normalized_percentile":{"value":0.98536703,"is_in_top_1_percent":false,"is_in_top_10_percent":true},"cited_by_percentile_year":{"min":89,"max":99},"biblio":{"volume":"94","issue":"4","first_page":"777","last_page":"777"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T13042","display_name":"Economic and Fiscal Studies","score":0.7279999852180481,"subfield":{"id":"https://openalex.org/subfields/2002","display_name":"Economics and Econometrics"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T13042","display_name":"Economic and Fiscal Studies","score":0.7279999852180481,"subfield":{"id":"https://openalex.org/subfields/2002","display_name":"Economics and Econometrics"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T11508","display_name":"Corporate Taxation and Avoidance","score":0.15710000693798065,"subfield":{"id":"https://openalex.org/subfields/1402","display_name":"Accounting"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10047","display_name":"Financial Markets and Investment Strategies","score":0.055799998342990875,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/capital-gains-tax","display_name":"capital gains tax","score":0.8299999833106995},{"id":"https://openalex.org/keywords/tax-rates","display_name":"tax rates","score":0.8360000252723694}],"concepts":[{"id":"https://openalex.org/C204036174","wikidata":"https://www.wikidata.org/wiki/Q909380","display_name":"Stock (firearms)","level":2,"score":0.5531983971595764},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.44906583428382874},{"id":"https://openalex.org/C83646750","wikidata":"https://www.wikidata.org/wiki/Q193893","display_name":"Capital (architecture)","level":2,"score":0.4451274275779724},{"id":"https://openalex.org/C2781089630","wikidata":"https://www.wikidata.org/wiki/Q21856745","display_name":"Realization (probability)","level":2,"score":0.4243738055229187},{"id":"https://openalex.org/C74916050","wikidata":"https://www.wikidata.org/wiki/Q841090","display_name":"Classics","level":1,"score":0.3435877561569214},{"id":"https://openalex.org/C161191863","wikidata":"https://www.wikidata.org/wiki/Q199655","display_name":"Library science","level":1,"score":0.3294111490249634},{"id":"https://openalex.org/C187736073","wikidata":"https://www.wikidata.org/wiki/Q2920921","display_name":"Management","level":1,"score":0.32152512669563293},{"id":"https://openalex.org/C95457728","wikidata":"https://www.wikidata.org/wiki/Q309","display_name":"History","level":0,"score":0.25600481033325195},{"id":"https://openalex.org/C41008148","wikidata":"https://www.wikidata.org/wiki/Q21198","display_name":"Computer science","level":0,"score":0.1295340657234192},{"id":"https://openalex.org/C166957645","wikidata":"https://www.wikidata.org/wiki/Q23498","display_name":"Archaeology","level":1,"score":0.0},{"id":"https://openalex.org/C33923547","wikidata":"https://www.wikidata.org/wiki/Q395","display_name":"Mathematics","level":0,"score":0.0},{"id":"https://openalex.org/C105795698","wikidata":"https://www.wikidata.org/wiki/Q12483","display_name":"Statistics","level":1,"score":0.0}],"mesh":[],"locations_count":2,"locations":[{"id":"doi:10.2307/1885668","doi":"https://doi.org/10.2307/1885668","is_oa":false,"landing_page_url":"https://doi.org/10.2307/1885668","pdf_url":null,"source":{"id":"https://openalex.org/S203860005","display_name":"The Quarterly Journal of Economics","issn_l":"0033-5533","issn":["0033-5533","1531-4650"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-a-star","anvur-class-a","anvur-scientific","cwts-core","ft50","jufo-3","norway-2","poland-200","russia-white-list-1","vabb-shw"],"host_organization":"https://openalex.org/P4310311648","host_organization_name":"Oxford University Press","host_organization_lineage":["https://openalex.org/P4310311648","https://openalex.org/P4310311647"],"host_organization_lineage_names":["Oxford University Press","University of Oxford"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"The Quarterly Journal of Economics","raw_type":"journal-article"},{"id":"pmh:oai:RePEc:oup:qjecon:v:94:y:1980:i:4:p:777-791.","doi":null,"is_oa":false,"landing_page_url":"http://hdl.handle.net/10.2307/1885668","pdf_url":null,"source":{"id":"https://openalex.org/S4306401271","display_name":"RePEc: Research Papers in Economics","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I77793887","host_organization_name":"Federal Reserve Bank of St. Louis","host_organization_lineage":["https://openalex.org/I77793887"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"article"}],"best_oa_location":null,"sustainable_development_goals":[],"sustainable_development_goals_aurora":[{"id":"https://metadata.un.org/sdg/8","display_name":"Decent work and economic growth","score":0.41999998688697815}],"study_designs":[],"awards":[],"funders":[],"has_content":{"grobid_xml":false,"pdf":false},"content_urls":null,"referenced_works_count":0,"referenced_works":[],"related_works":["https://openalex.org/W4229697437","https://openalex.org/W2063571486","https://openalex.org/W3123894717","https://openalex.org/W2032487183","https://openalex.org/W3121788469","https://openalex.org/W2994384033","https://openalex.org/W1552674628","https://openalex.org/W3125465753","https://openalex.org/W2003814577","https://openalex.org/W4361013770"],"abstract_inverted_index":{"This":[0],"study":[1,26],"provides":[2],"the":[3,8,13,24,33,38,59,76,79],"first":[4],"econometric":[5],"analysis":[6,19],"of":[7,10,15,32,35,40,51,81],"effect":[9,34,77],"taxation":[11,36],"on":[12,37,78],"realization":[14,80],"capital":[16,82],"gains.":[17],"The":[18,43],"thus":[20],"extends":[21],"and":[22,29,72],"complements":[23],"earlier":[25,60],"by":[27],"Feldstein":[28],"Yitzhaki":[30],"[1978]":[31],"selling":[39],"corporate":[41,63],"stock.":[42],"present":[44],"analysis,":[45],"using":[46],"a":[47],"large,":[48],"new":[49],"body":[50],"data":[52],"obtained":[53],"from":[54],"individual":[55],"tax":[56,70],"returns,":[57],"supports":[58],"finding":[61],"that":[62,75],"stock":[64],"sales":[65],"are":[66],"quite":[67],"sensitive":[68],"to":[69],"rates":[71],"then":[73],"shows":[74],"gains":[83],"is":[84],"even":[85],"stronger.":[86]},"counts_by_year":[{"year":2026,"cited_by_count":8},{"year":2025,"cited_by_count":6},{"year":2024,"cited_by_count":5},{"year":2023,"cited_by_count":6},{"year":2022,"cited_by_count":3},{"year":2021,"cited_by_count":4},{"year":2020,"cited_by_count":4},{"year":2019,"cited_by_count":2},{"year":2018,"cited_by_count":1},{"year":2017,"cited_by_count":7},{"year":2016,"cited_by_count":4},{"year":2015,"cited_by_count":4},{"year":2014,"cited_by_count":4},{"year":2013,"cited_by_count":2},{"year":2012,"cited_by_count":4}],"updated_date":"2026-10-28T10:33:24.094632","created_date":"2021-02-01T00:00:00"}