TY - UNPD A1 - Jacob, Martin T1 - Taxes and life cycle capital gains realizations N2 - This paper analyzes heterogeneity in capital gains tax elasticities across individuals. Using panel data of over 260,000 individuals, I find that the sensitivity of capital gains to taxes is decreasing over the individual life cycle. Younger individuals respond more strongly to changes in capital gains taxes than older individuals. An increase in age of 18 years decreases the lock-in effect of capital gains taxes by approximately 10%. T3 - FAccT Center Working Paper Series - 09/2012 KW - Kapitalertragsteuer KW - Capital gains tax KW - Sperreffekt KW - Lock-in effect KW - Einkommensteuer KW - Income tax KW - Lebenszyklus KW - Life cycle Y1 - 2018 UR - https://opus4.kobv.de/opus4-whu/frontdoor/index/index/docId/667 UR - https://nbn-resolving.org/urn:nbn:de:hbz:992-opus4-6678 N1 - In: Applied Economics Letters, Vol. 20(2013), 1130-1134 PB - WHU - Otto Beisheim School of Management CY - Vallendar ER -