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Capital Gains Taxes and Expected Rates of Return

SSRN Electronic Journal, 2011
ABSTRACT Prior literature predicts a positive relation between firms' expected pre-tax rates of return and investor-level capital gains tax rates. We show that this relation is more nuanced than suggested by prior literature and that in three circumstances the relation can actually be negative.
Stephanie A. Sikes, Robert E. Verrecchia
openaire   +1 more source

Growth of Capital, Capital Structure, and Rate of Return

1981
In November 1974 I presented to Professor Albach’s Management Science Seminar at Bonn University a paper on a research program, which I had initiated at the Stockholm School of Economics. At that time the research had the character of “work in process”. My paper dealt mainly with our analytical tools and methods of measurement.
openaire   +1 more source

Private and Social Rates of Return to Capital in Uruguay

Economic Development and Cultural Change, 1977
The primary purpose of this study is to estimate the historical rate of return to capital in Uruguay-that is, the aggregate amount of national income that can be directly attributed to capital during a given year divided by the total stock of capital at the beginning of that year (both income and capital stock being valued in units of the same ...
Harberger, Arnold C   +1 more
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INTERNATIONAL DIFFERENCES IN CAPITAL RETURNS AND WAGE RATES

Kyklos, 1970
SUMMARY The disparities in international differences between wage rates and between the rates of return on capital cannot be fully explained by using the functional relationship between the wage/rental ratio and the capital/labor ratio. Nor can it be explained adequately by the differences in the degree of international mobility of the two factors ...
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Human Capital and Rates of Return

This major Handbook comprehensively surveys the rapidly growing field of the economics of education. It is unique in that it comprises original contributions on an exceptional range of topics from a review of human capital, signalling and screening models, to consideration of issues such as educational externalities and economic growth, funding models,
George Psacharopoulos   +1 more
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Rates of Returns to Human Capital Investments in Albania [PDF]

open access: possibleRomanian Economic Journal, 2011
This paper develops a comprehensive framework of the main hypothesis tested whether the private returns to investment in education in Albania are sufficient to provide economic incentives for a high participation rate in post-compulsory schooling.
Arsena Gjipali, Suela Kristo
openaire  

Switches of Technique and the "Rate of Return" in Capital Theory

The Economic Journal, 1969
In the 1960s-70s, there was a well-known controversy in economics on capital theory. In broad terms, the controversy unfolded between the two Cambridges – one in the United Kingdom and the other in the United States (Massachusetts) – though it also involved economists of other nationalities (in particular Italian).
openaire   +2 more sources

Capital waste in the rate-of-return regulated firm

Journal of Regulatory Economics, 1992
Here it is shown how capital waste can be motivated under rate-of-return regulation, even when the marginal product of capital is positive. This result means that the sign of the marginal product of capital is not adequate as a basis for defining waste.
openaire   +1 more source

Capital Theory and The Rate of Return

The Indian Economic Journal, 1965
G. D. N. Worswick, Robert M. Solow
openaire   +2 more sources

Capital and Rates of Return in Manufacturing Industries.

Journal of the Royal Statistical Society. Series A (General), 1964
A. E. Holmans, George J. Stigler.
  +5 more sources

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