id	author	title	date	pages	extension	mime	words	sentence	flesch	summary	cache	txt
cjfa-37582	Dominik Tschinkl; Nathalie Weikert; Dirk Kiesewetter	THE IMPACT OF TAXES ON INDIVIDUAL LONG-TERM SAVINGS DECISION	2022	21	.pdf	application/pdf	12753	617	58	Characteristics of treatments and payout structure Treat- ment type of taxation payment structure immediate payout saving NT No Tax 𝑍𝑍�� 𝑆𝑆�� = 𝑍𝑍�� ∙ (1 + 𝑖𝑖𝑖 DT Taxation of immediate payout at tax rate 𝑠𝑠 𝑍𝑍�� = 𝑍𝑍�� 1 − 𝑠𝑠 𝑆𝑆�� = 𝑍𝑍�� ∙ (1 + 𝑖𝑖𝑖 ∙ (1 − 𝑠𝑠𝑖 = 𝑍𝑍�� 1 − 𝑠𝑠 ∙ (1 + 𝑖𝑖𝑖 ∙ (1 − 𝑠𝑠𝑖 = 𝑆𝑆�� Pa yo ut a fte r t ax at io n is eq ui va le nt to th e pa yo ut in tr ea tm en t N T Investment and return on investment are tax free Taxation of late payout at tax rate 𝑠𝑠 BT Taxation of immediate payout at tax rate 𝑠𝑠 𝑍𝑍�� = 𝑍𝑍�� 1 − 𝑠𝑠 𝑆𝑆�� = 𝑍𝑍�� ∙ (1 − 𝑠𝑠𝑖 ∙ (1 + 𝑖𝑖𝑖 = 𝑍𝑍�� 1 − 𝑠𝑠 ∙ (1 − 𝑠𝑠𝑖 ∙ (1 + 𝑖𝑖𝑖 = 𝑆𝑆��	cache/cjfa-37582.pdf	txt/cjfa-37582.txt