id	sid	tid	token	lemma	pos
fsr-3715	1	1	pii	pii	PROPN
fsr-3715	1	2	:	:	PUNCT
fsr-3715	1	3	1057	1057	NUM
fsr-3715	1	4	-	-	PUNCT
fsr-3715	1	5	0810(92)90008	0810(92)90008	NUM
fsr-3715	1	6	-	-	PUNCT
fsr-3715	1	7	z	z	NOUN
fsr-3715	1	8	financial	financial	PROPN
fsr-3715	1	9	services	service	NOUN
fsr-3715	1	10	review	review	NOUN
fsr-3715	1	11	,	,	PUNCT
fsr-3715	1	12	2(2	2(2	NUM
fsr-3715	1	13	):	):	PUNCT
fsr-3715	1	14	157	157	NUM
fsr-3715	1	15	-	-	SYM
fsr-3715	1	16	168	168	NUM
fsr-3715	1	17	copyright	copyright	NOUN
fsr-3715	1	18	0	0	NUM
fsr-3715	1	19	1993	1993	NUM
fsr-3715	1	20	by	by	ADP
fsr-3715	1	21	jai	jai	PROPN
fsr-3715	1	22	press	press	PROPN
fsr-3715	1	23	inc	inc	PROPN
fsr-3715	1	24	.	.	PROPN
fsr-3715	1	25	issn	issn	PROPN
fsr-3715	1	26	:	:	PUNCT
fsr-3715	1	27	1057	1057	NUM
fsr-3715	1	28	-	-	SYM
fsr-3715	1	29	0810	0810	NUM
fsr-3715	1	30	all	all	DET
fsr-3715	1	31	rights	right	NOUN
fsr-3715	1	32	of	of	ADP
fsr-3715	1	33	reproduction	reproduction	NOUN
fsr-3715	1	34	in	in	ADP
fsr-3715	1	35	any	any	DET
fsr-3715	1	36	fom	fom	NOUN
fsr-3715	1	37	reserved	reserve	VERB
fsr-3715	1	38	.	.	PUNCT
fsr-3715	2	1	abstracts	abstract	NOUN
fsr-3715	2	2	of	of	ADP
fsr-3715	2	3	articles	article	NOUN
fsr-3715	2	4	on	on	ADP
fsr-3715	2	5	individual	individual	ADJ
fsr-3715	2	6	financial	financial	ADJ
fsr-3715	2	7	management	management	NOUN
fsr-3715	2	8	edited	edit	VERB
fsr-3715	2	9	by	by	ADP
fsr-3715	2	10	phyllis	phyllis	PROPN
fsr-3715	2	11	schiller	schiller	PROPN
fsr-3715	2	12	myers	myers	PROPN
fsr-3715	2	13	virginia	virginia	PROPN
fsr-3715	2	14	commonwealth	commonwealth	PROPN
fsr-3715	2	15	university	university	PROPN
fsr-3715	2	16	consumption	consumption	NOUN
fsr-3715	2	17	-	-	PUNCT
fsr-3715	2	18	savings	saving	NOUN
fsr-3715	2	19	behavior	behavior	NOUN
fsr-3715	2	20	the	the	DET
fsr-3715	2	21	timing	timing	NOUN
fsr-3715	2	22	of	of	ADP
fsr-3715	2	23	intergenerational	intergenerational	ADJ
fsr-3715	2	24	transfers	transfer	NOUN
fsr-3715	2	25	,	,	PUNCT
fsr-3715	2	26	tax	tax	NOUN
fsr-3715	2	27	policy	policy	NOUN
fsr-3715	2	28	,	,	PUNCT
fsr-3715	2	29	and	and	CCONJ
fsr-3715	2	30	aggre	aggre	VERB
fsr-3715	2	31	gate	gate	NOUN
fsr-3715	2	32	savings	saving	NOUN
fsr-3715	2	33	,	,	PUNCT
fsr-3715	2	34	by	by	ADP
fsr-3715	2	35	david	david	PROPN
fsr-3715	2	36	altig	altig	PROPN
fsr-3715	2	37	(	(	PUNCT
fsr-3715	2	38	federal	federal	PROPN
fsr-3715	2	39	reserve	reserve	PROPN
fsr-3715	2	40	bank	bank	PROPN
fsr-3715	2	41	of	of	ADP
fsr-3715	2	42	cleveland	cleveland	PROPN
fsr-3715	2	43	)	)	PUNCT
fsr-3715	2	44	and	and	CCONJ
fsr-3715	2	45	steven	steven	PROPN
fsr-3715	2	46	j.	j.	PROPN
fsr-3715	2	47	davis	davis	PROPN
fsr-3715	2	48	(	(	PUNCT
fsr-3715	2	49	university	university	PROPN
fsr-3715	2	50	of	of	ADP
fsr-3715	2	51	chicago	chicago	PROPN
fsr-3715	2	52	)	)	PUNCT
fsr-3715	2	53	.	.	PUNCT
fsr-3715	3	1	we	we	PRON
fsr-3715	3	2	analyze	analyze	VERB
fsr-3715	3	3	an	an	DET
fsr-3715	3	4	overlapping	overlap	VERB
fsr-3715	3	5	-	-	PUNCT
fsr-3715	3	6	generations	generation	NOUN
fsr-3715	3	7	framework	framework	NOUN
fsr-3715	3	8	that	that	PRON
fsr-3715	3	9	accommodates	accommodate	VERB
fsr-3715	3	10	two	two	NUM
fsr-3715	3	11	observations	observation	NOUN
fsr-3715	3	12	:	:	PUNCT
fsr-3715	3	13	(	(	PUNCT
fsr-3715	3	14	i	i	NOUN
fsr-3715	3	15	)	)	PUNCT
fsr-3715	3	16	the	the	DET
fsr-3715	3	17	interest	interest	NOUN
fsr-3715	3	18	rate	rate	NOUN
fsr-3715	3	19	on	on	ADP
fsr-3715	3	20	consumption	consumption	NOUN
fsr-3715	3	21	loans	loan	NOUN
fsr-3715	3	22	exceeds	exceed	VERB
fsr-3715	3	23	the	the	DET
fsr-3715	3	24	rate	rate	NOUN
fsr-3715	3	25	of	of	ADP
fsr-3715	3	26	return	return	NOUN
fsr-3715	3	27	to	to	ADP
fsr-3715	3	28	savings	saving	NOUN
fsr-3715	3	29	,	,	PUNCT
fsr-3715	3	30	and	and	CCONJ
fsr-3715	3	31	(	(	PUNCT
fsr-3715	3	32	ii	ii	NOUN
fsr-3715	3	33	)	)	PUNCT
fsr-3715	3	34	private	private	ADJ
fsr-3715	3	35	intergenerational	intergenerational	ADJ
fsr-3715	3	36	transfers	transfer	NOUN
fsr-3715	3	37	primarily	primarily	ADV
fsr-3715	3	38	occur	occur	VERB
fsr-3715	3	39	early	early	ADV
fsr-3715	3	40	in	in	ADP
fsr-3715	3	41	the	the	DET
fsr-3715	3	42	life	life	NOUN
fsr-3715	3	43	cycle	cycle	NOUN
fsr-3715	3	44	.	.	PUNCT
fsr-3715	4	1	assuming	assume	VERB
fsr-3715	4	2	altruistically	altruistically	ADV
fsr-3715	4	3	motivated	motivated	ADJ
fsr-3715	4	4	transfers	transfer	NOUN
fsr-3715	4	5	in	in	ADP
fsr-3715	4	6	at	at	ADP
fsr-3715	4	7	least	least	ADJ
fsr-3715	4	8	some	some	PRON
fsr-3715	4	9	family	family	NOUN
fsr-3715	4	10	lines	line	NOUN
fsr-3715	4	11	and	and	CCONJ
fsr-3715	4	12	other	other	ADJ
fsr-3715	4	13	plausible	plausible	ADJ
fsr-3715	4	14	conditions	condition	NOUN
fsr-3715	4	15	,	,	PUNCT
fsr-3715	4	16	we	we	PRON
fsr-3715	4	17	prove	prove	VERB
fsr-3715	4	18	the	the	DET
fsr-3715	4	19	invariance	invariance	NOUN
fsr-3715	4	20	of	of	ADP
fsr-3715	4	21	capital	capital	NOUN
fsr-3715	4	22	’s	’s	PART
fsr-3715	4	23	steady	steady	ADJ
fsr-3715	4	24	-	-	PUNCT
fsr-3715	4	25	state	state	NOUN
fsr-3715	4	26	mar	mar	PROPN
fsr-3715	4	27	ginal	ginal	ADJ
fsr-3715	4	28	product	product	NOUN
fsr-3715	4	29	to	to	ADP
fsr-3715	4	30	government	government	NOUN
fsr-3715	4	31	debt	debt	NOUN
fsr-3715	4	32	,	,	PUNCT
fsr-3715	4	33	government	government	NOUN
fsr-3715	4	34	expenditures	expenditure	NOUN
fsr-3715	4	35	,	,	PUNCT
fsr-3715	4	36	and	and	CCONJ
fsr-3715	4	37	the	the	DET
fsr-3715	4	38	tax	tax	NOUN
fsr-3715	4	39	rates	rate	NOUN
fsr-3715	4	40	on	on	ADP
fsr-3715	4	41	labor	labor	NOUN
fsr-3715	4	42	and	and	CCONJ
fsr-3715	4	43	capital	capital	NOUN
fsr-3715	4	44	income	income	NOUN
fsr-3715	4	45	.	.	PUNCT
fsr-3715	5	1	we	we	PRON
fsr-3715	5	2	show	show	VERB
fsr-3715	5	3	that	that	SCONJ
fsr-3715	5	4	the	the	DET
fsr-3715	5	5	tax	tax	NOUN
fsr-3715	5	6	treatment	treatment	NOUN
fsr-3715	5	7	of	of	ADP
fsr-3715	5	8	household	household	NOUN
fsr-3715	5	9	interest	interest	NOUN
fsr-3715	5	10	payments	payment	NOUN
fsr-3715	5	11	has	have	VERB
fsr-3715	5	12	powerful	powerful	ADJ
fsr-3715	5	13	effects	effect	NOUN
fsr-3715	5	14	on	on	ADP
fsr-3715	5	15	capital	capital	NOUN
fsr-3715	5	16	intensity	intensity	NOUN
fsr-3715	5	17	and	and	CCONJ
fsr-3715	5	18	aggregate	aggregate	ADJ
fsr-3715	5	19	savings	saving	NOUN
fsr-3715	5	20	in	in	ADP
fsr-3715	5	21	life	life	NOUN
fsr-3715	5	22	-	-	PUNCT
fsr-3715	5	23	cycle	cycle	NOUN
fsr-3715	5	24	and	and	CCONJ
fsr-3715	5	25	,	,	PUNCT
fsr-3715	5	26	especially	especially	ADV
fsr-3715	5	27	,	,	PUNCT
fsr-3715	5	28	altruistic	altruistic	ADJ
fsr-3715	5	29	linkage	linkage	NOUN
fsr-3715	5	30	models	model	NOUN
fsr-3715	5	31	.	.	PUNCT
fsr-3715	6	1	the	the	DET
fsr-3715	6	2	american	american	PROPN
fsr-3715	6	3	economic	economic	PROPN
fsr-3715	6	4	re	re	PROPN
fsr-3715	6	5	view	view	NOUN
fsr-3715	6	6	,	,	PUNCT
fsr-3715	6	7	december	december	PROPN
fsr-3715	6	8	1992	1992	NUM
fsr-3715	6	9	,	,	PUNCT
fsr-3715	6	10	82(5	82(5	NUM
fsr-3715	6	11	):	):	PUNCT
fsr-3715	6	12	1199	1199	NUM
fsr-3715	6	13	-	-	SYM
fsr-3715	6	14	1220	1220	NUM
fsr-3715	6	15	.	.	PUNCT
fsr-3715	7	1	(	(	PUNCT
fsr-3715	7	2	reprinted	reprint	VERB
fsr-3715	7	3	with	with	ADP
fsr-3715	7	4	permission	permission	NOUN
fsr-3715	7	5	of	of	ADP
fsr-3715	7	6	the	the	DET
fsr-3715	7	7	american	american	ADJ
fsr-3715	7	8	economic	economic	PROPN
fsr-3715	7	9	review	review	PROPN
fsr-3715	7	10	.	.	PUNCT
fsr-3715	7	11	)	)	PUNCT
fsr-3715	8	1	the	the	DET
fsr-3715	8	2	impact	impact	NOUN
fsr-3715	8	3	of	of	ADP
fsr-3715	8	4	the	the	DET
fsr-3715	8	5	demographic	demographic	ADJ
fsr-3715	8	6	transition	transition	NOUN
fsr-3715	8	7	on	on	ADP
fsr-3715	8	8	capital	capital	NOUN
fsr-3715	8	9	formation	formation	NOUN
fsr-3715	8	10	,	,	PUNCT
fsr-3715	8	11	by	by	ADP
fsr-3715	8	12	a.	a.	PROPN
fsr-3715	8	13	j.	j.	PROPN
fsr-3715	8	14	auerbach	auerbach	PROPN
fsr-3715	8	15	and	and	CCONJ
fsr-3715	8	16	l.	l.	PROPN
fsr-3715	8	17	j.	j.	PROPN
fsr-3715	8	18	kotlikoff	kotlikoff	PROPN
fsr-3715	8	19	.	.	PUNCT
fsr-3715	9	1	the	the	DET
fsr-3715	9	2	population	population	NOUN
fsr-3715	9	3	of	of	ADP
fsr-3715	9	4	the	the	DET
fsr-3715	9	5	united	united	PROPN
fsr-3715	9	6	states	states	PROPN
fsr-3715	9	7	is	be	AUX
fsr-3715	9	8	aging	age	VERB
fsr-3715	9	9	.	.	PUNCT
fsr-3715	10	1	the	the	DET
fsr-3715	10	2	authors	author	NOUN
fsr-3715	10	3	review	review	VERB
fsr-3715	10	4	a	a	DET
fsr-3715	10	5	variety	variety	NOUN
fsr-3715	10	6	of	of	ADP
fsr-3715	10	7	the	the	DET
fsr-3715	10	8	implications	implication	NOUN
fsr-3715	10	9	this	this	PRON
fsr-3715	10	10	has	have	VERB
fsr-3715	10	11	for	for	ADP
fsr-3715	10	12	u.s	u.s	PROPN
fsr-3715	10	13	.	.	PROPN
fsr-3715	10	14	national	national	ADJ
fsr-3715	10	15	saving	saving	NOUN
fsr-3715	10	16	rates	rate	NOUN
fsr-3715	10	17	and	and	CCONJ
fsr-3715	10	18	discuss	discuss	VERB
fsr-3715	10	19	the	the	DET
fsr-3715	10	20	policy	policy	NOUN
fsr-3715	10	21	issues	issue	NOUN
fsr-3715	10	22	that	that	PRON
fsr-3715	10	23	they	they	PRON
fsr-3715	10	24	raise	raise	VERB
fsr-3715	10	25	.	.	PUNCT
fsr-3715	11	1	after	after	ADP
fsr-3715	11	2	reviewing	review	VERB
fsr-3715	11	3	what	what	PRON
fsr-3715	11	4	different	different	ADJ
fsr-3715	11	5	models	model	NOUN
fsr-3715	11	6	would	would	AUX
fsr-3715	11	7	predict	predict	VERB
fsr-3715	11	8	for	for	ADP
fsr-3715	11	9	household	household	NOUN
fsr-3715	11	10	saving	save	VERB
fsr-3715	11	11	over	over	ADP
fsr-3715	11	12	the	the	DET
fsr-3715	11	13	next	next	ADJ
fsr-3715	11	14	several	several	ADJ
fsr-3715	11	15	decades	decade	NOUN
fsr-3715	11	16	,	,	PUNCT
fsr-3715	11	17	they	they	PRON
fsr-3715	11	18	consider	consider	VERB
fsr-3715	11	19	how	how	SCONJ
fsr-3715	11	20	the	the	DET
fsr-3715	11	21	demographic	demographic	ADJ
fsr-3715	11	22	transition	transition	NOUN
fsr-3715	11	23	may	may	AUX
fsr-3715	11	24	also	also	ADV
fsr-3715	11	25	affect	affect	VERB
fsr-3715	11	26	national	national	ADJ
fsr-3715	11	27	saving	save	VERB
fsr-3715	11	28	through	through	ADP
fsr-3715	11	29	changes	change	NOUN
fsr-3715	11	30	in	in	ADP
fsr-3715	11	31	government	government	NOUN
fsr-3715	11	32	behavior	behavior	NOUN
fsr-3715	11	33	.	.	PUNCT
fsr-3715	12	1	ways	way	NOUN
fsr-3715	12	2	in	in	ADP
fsr-3715	12	3	which	which	PRON
fsr-3715	12	4	the	the	DET
fsr-3715	12	5	composition	composition	NOUN
fsr-3715	12	6	of	of	ADP
fsr-3715	12	7	household	household	NOUN
fsr-3715	12	8	saving	saving	NOUN
fsr-3715	12	9	might	might	AUX
fsr-3715	12	10	change	change	VERB
fsr-3715	12	11	as	as	SCONJ
fsr-3715	12	12	individuals	individual	NOUN
fsr-3715	12	13	age	age	NOUN
fsr-3715	12	14	are	be	AUX
fsr-3715	12	15	also	also	ADV
fsr-3715	12	16	analyzed	analyze	VERB
fsr-3715	12	17	along	along	ADP
fsr-3715	12	18	with	with	ADP
fsr-3715	12	19	the	the	DET
fsr-3715	12	20	implications	implication	NOUN
fsr-3715	12	21	of	of	ADP
fsr-3715	12	22	changes	change	NOUN
fsr-3715	12	23	in	in	ADP
fsr-3715	12	24	government	government	NOUN
fsr-3715	12	25	fiscal	fiscal	ADJ
fsr-3715	12	26	policy	policy	NOUN
fsr-3715	12	27	for	for	ADP
fsr-3715	12	28	asset	asset	NOUN
fsr-3715	12	29	composition	composition	NOUN
fsr-3715	12	30	.	.	PUNCT
fsr-3715	13	1	scandinavian	scandinavian	ADJ
fsr-3715	13	2	journal	journal	PROPN
fsr-3715	13	3	of	of	ADP
fsr-3715	13	4	economics	economic	NOUN
fsr-3715	13	5	,	,	PUNCT
fsr-3715	13	6	1992	1992	NUM
fsr-3715	13	7	,	,	PUNCT
fsr-3715	13	8	94(2	94(2	NUM
fsr-3715	13	9	):	):	PUNCT
fsr-3715	13	10	281	281	NUM
fsr-3715	13	11	-	-	SYM
fsr-3715	13	12	195	195	NUM
fsr-3715	13	13	.	.	PUNCT
fsr-3715	14	1	(	(	PUNCT
fsr-3715	14	2	reprinted	reprint	VERB
fsr-3715	14	3	with	with	ADP
fsr-3715	14	4	permission	permission	NOUN
fsr-3715	14	5	of	of	ADP
fsr-3715	14	6	the	the	DET
fsr-3715	14	7	journal	journal	NOUN
fsr-3715	14	8	of	of	ADP
fsr-3715	14	9	economic	economic	ADJ
fsr-3715	14	10	literature	literature	NOUN
fsr-3715	14	11	.	.	PUNCT
fsr-3715	14	12	)	)	PUNCT
fsr-3715	15	1	158	158	NUM
fsr-3715	15	2	financialservicesreview,2(2	financialservicesreview,2(2	PROPN
fsr-3715	15	3	)	)	PUNCT
fsr-3715	15	4	1993	1993	NUM
fsr-3715	15	5	time	time	NOUN
fsr-3715	15	6	constraints	constraint	NOUN
fsr-3715	15	7	in	in	ADP
fsr-3715	15	8	consumption	consumption	NOUN
fsr-3715	15	9	and	and	CCONJ
fsr-3715	15	10	savings	saving	NOUN
fsr-3715	15	11	behavior	behavior	NOUN
fsr-3715	15	12	,	,	PUNCT
fsr-3715	15	13	by	by	ADP
fsr-3715	15	14	vito	vito	PROPN
fsr-3715	15	15	tanzi	tanzi	PROPN
fsr-3715	15	16	and	and	CCONJ
fsr-3715	15	17	howell	howell	PROPN
fsr-3715	15	18	h.	h.	PROPN
fsr-3715	15	19	zee	zee	PROPN
fsr-3715	15	20	(	(	PUNCT
fsr-3715	15	21	international	international	ADJ
fsr-3715	15	22	monetary	monetary	ADJ
fsr-3715	15	23	fund	fund	PROPN
fsr-3715	15	24	,	,	PUNCT
fsr-3715	15	25	washington	washington	PROPN
fsr-3715	15	26	,	,	PUNCT
fsr-3715	15	27	dc	dc	PROPN
fsr-3715	15	28	)	)	PUNCT
fsr-3715	15	29	.	.	PUNCT
fsr-3715	16	1	this	this	DET
fsr-3715	16	2	paper	paper	NOUN
fsr-3715	16	3	investigates	investigate	VERB
fsr-3715	16	4	the	the	DET
fsr-3715	16	5	implications	implication	NOUN
fsr-3715	16	6	for	for	ADP
fsr-3715	16	7	savings	saving	NOUN
fsr-3715	16	8	behavior	behavior	NOUN
fsr-3715	16	9	of	of	ADP
fsr-3715	16	10	time	time	NOUN
fsr-3715	16	11	con	con	PROPN
fsr-3715	16	12	straints	straint	NOUN
fsr-3715	16	13	in	in	ADP
fsr-3715	16	14	consumption	consumption	NOUN
fsr-3715	16	15	in	in	ADP
fsr-3715	16	16	a	a	DET
fsr-3715	16	17	simple	simple	ADJ
fsr-3715	16	18	life	life	NOUN
fsr-3715	16	19	-	-	PUNCT
fsr-3715	16	20	cycle	cycle	NOUN
fsr-3715	16	21	model	model	NOUN
fsr-3715	16	22	,	,	PUNCT
fsr-3715	16	23	and	and	CCONJ
fsr-3715	16	24	finds	find	VERB
fsr-3715	16	25	that	that	SCONJ
fsr-3715	16	26	some	some	DET
fsr-3715	16	27	standard	standard	ADJ
fsr-3715	16	28	results	result	NOUN
fsr-3715	16	29	in	in	ADP
fsr-3715	16	30	the	the	DET
fsr-3715	16	31	literature	literature	NOUN
fsr-3715	16	32	on	on	ADP
fsr-3715	16	33	savings	saving	NOUN
fsr-3715	16	34	and	and	CCONJ
fsr-3715	16	35	taxation	taxation	NOUN
fsr-3715	16	36	need	need	VERB
fsr-3715	16	37	to	to	PART
fsr-3715	16	38	be	be	AUX
fsr-3715	16	39	modified	modify	VERB
fsr-3715	16	40	.	.	PUNCT
fsr-3715	17	1	journal	journal	NOUN
fsr-3715	17	2	of	of	ADP
fsr-3715	17	3	public	public	ADJ
fsr-3715	17	4	economics	economic	NOUN
fsr-3715	17	5	,	,	PUNCT
fsr-3715	17	6	february	february	PROPN
fsr-3715	17	7	1993	1993	NUM
fsr-3715	17	8	,	,	PUNCT
fsr-3715	17	9	50(2	50(2	NUM
fsr-3715	17	10	):	):	PUNCT
fsr-3715	17	11	253	253	NUM
fsr-3715	17	12	-	-	SYM
fsr-3715	17	13	259	259	NUM
fsr-3715	17	14	.	.	PUNCT
fsr-3715	18	1	(	(	PUNCT
fsr-3715	18	2	reprinted	reprint	VERB
fsr-3715	18	3	with	with	ADP
fsr-3715	18	4	permission	permission	NOUN
fsr-3715	18	5	of	of	ADP
fsr-3715	18	6	north	north	NOUN
fsr-3715	18	7	-	-	PUNCT
fsr-3715	18	8	holland	holland	PROPN
fsr-3715	18	9	publishing	publishing	PROPN
fsr-3715	18	10	company	company	NOUN
fsr-3715	18	11	.	.	PUNCT
fsr-3715	18	12	)	)	PUNCT
fsr-3715	19	1	earnings	earning	NOUN
fsr-3715	19	2	uncertainty	uncertainty	NOUN
fsr-3715	19	3	and	and	CCONJ
fsr-3715	19	4	precautionary	precautionary	ADJ
fsr-3715	19	5	saving	saving	NOUN
fsr-3715	19	6	,	,	PUNCT
fsr-3715	19	7	by	by	ADP
fsr-3715	19	8	luigi	luigi	PROPN
fsr-3715	19	9	guiso	guiso	PROPN
fsr-3715	19	10	(	(	PUNCT
fsr-3715	19	11	bank	bank	PROPN
fsr-3715	19	12	of	of	ADP
fsr-3715	19	13	italy	italy	PROPN
fsr-3715	19	14	,	,	PUNCT
fsr-3715	19	15	rome	rome	PROPN
fsr-3715	19	16	,	,	PUNCT
fsr-3715	19	17	italy	italy	PROPN
fsr-3715	19	18	)	)	PUNCT
fsr-3715	19	19	,	,	PUNCT
fsr-3715	19	20	tullio	tullio	VERB
fsr-3715	19	21	jappelli	jappelli	PROPN
fsr-3715	19	22	(	(	PUNCT
fsr-3715	19	23	istituto	istituto	X
fsr-3715	19	24	universitario	universitario	PROPN
fsr-3715	19	25	navale	navale	PROPN
fsr-3715	19	26	,	,	PUNCT
fsr-3715	19	27	naples	naples	PROPN
fsr-3715	19	28	,	,	PUNCT
fsr-3715	19	29	italy	italy	PROPN
fsr-3715	19	30	)	)	PUNCT
fsr-3715	19	31	,	,	PUNCT
fsr-3715	19	32	and	and	CCONJ
fsr-3715	19	33	daniele	daniele	PROPN
fsr-3715	19	34	terlizzese	terlizzese	PROPN
fsr-3715	19	35	(	(	PUNCT
fsr-3715	19	36	bank	bank	PROPN
fsr-3715	19	37	of	of	ADP
fsr-3715	19	38	italy	italy	PROPN
fsr-3715	19	39	,	,	PUNCT
fsr-3715	19	40	rome	rome	PROPN
fsr-3715	19	41	,	,	PUNCT
fsr-3715	19	42	italy	italy	PROPN
fsr-3715	19	43	)	)	PUNCT
fsr-3715	19	44	.	.	PUNCT
fsr-3715	20	1	we	we	PRON
fsr-3715	20	2	test	test	VERB
fsr-3715	20	3	for	for	ADP
fsr-3715	20	4	the	the	DET
fsr-3715	20	5	presence	presence	NOUN
fsr-3715	20	6	of	of	ADP
fsr-3715	20	7	precautionary	precautionary	ADJ
fsr-3715	20	8	saving	saving	NOUN
fsr-3715	20	9	using	use	VERB
fsr-3715	20	10	a	a	DET
fsr-3715	20	11	self	self	NOUN
fsr-3715	20	12	-	-	PUNCT
fsr-3715	20	13	reported	report	VERB
fsr-3715	20	14	measure	measure	NOUN
fsr-3715	20	15	of	of	ADP
fsr-3715	20	16	earnings	earning	NOUN
fsr-3715	20	17	uncertainty	uncertainty	NOUN
fsr-3715	20	18	drawn	draw	VERB
fsr-3715	20	19	from	from	ADP
fsr-3715	20	20	the	the	DET
fsr-3715	20	21	1989	1989	NUM
fsr-3715	20	22	italian	italian	ADJ
fsr-3715	20	23	survey	survey	NOUN
fsr-3715	20	24	of	of	ADP
fsr-3715	20	25	household	household	NOUN
fsr-3715	20	26	income	income	NOUN
fsr-3715	20	27	and	and	CCONJ
fsr-3715	20	28	wealth	wealth	NOUN
fsr-3715	20	29	.	.	PUNCT
fsr-3715	21	1	the	the	DET
fsr-3715	21	2	effect	effect	NOUN
fsr-3715	21	3	of	of	ADP
fsr-3715	21	4	uncertainty	uncertainty	NOUN
fsr-3715	21	5	on	on	ADP
fsr-3715	21	6	wealth	wealth	NOUN
fsr-3715	21	7	accumulation	accumulation	NOUN
fsr-3715	21	8	is	be	AUX
fsr-3715	21	9	consistent	consistent	ADJ
fsr-3715	21	10	with	with	ADP
fsr-3715	21	11	the	the	DET
fsr-3715	21	12	theory	theory	NOUN
fsr-3715	21	13	of	of	ADP
fsr-3715	21	14	precautionary	precautionary	ADJ
fsr-3715	21	15	saving	saving	NOUN
fsr-3715	21	16	and	and	CCONJ
fsr-3715	21	17	with	with	ADP
fsr-3715	21	18	decreasing	decrease	VERB
fsr-3715	21	19	prudence	prudence	NOUN
fsr-3715	21	20	,	,	PUNCT
fsr-3715	21	21	but	but	CCONJ
fsr-3715	21	22	explains	explain	VERB
fsr-3715	21	23	only	only	ADV
fsr-3715	21	24	a	a	DET
fsr-3715	21	25	small	small	ADJ
fsr-3715	21	26	fraction	fraction	NOUN
fsr-3715	21	27	of	of	ADP
fsr-3715	21	28	saving	saving	NOUN
fsr-3715	21	29	.	.	PUNCT
fsr-3715	22	1	the	the	DET
fsr-3715	22	2	results	result	NOUN
fsr-3715	22	3	cast	cast	VERB
fsr-3715	22	4	doubts	doubt	NOUN
fsr-3715	22	5	on	on	ADP
fsr-3715	22	6	the	the	DET
fsr-3715	22	7	empirical	empirical	ADJ
fsr-3715	22	8	relevance	relevance	NOUN
fsr-3715	22	9	of	of	ADP
fsr-3715	22	10	precautionary	precautionary	ADJ
fsr-3715	22	11	saving	saving	NOUN
fsr-3715	22	12	in	in	ADP
fsr-3715	22	13	response	response	NOUN
fsr-3715	22	14	to	to	ADP
fsr-3715	22	15	earnings	earning	NOUN
fsr-3715	22	16	uncertainty	uncertainty	NOUN
fsr-3715	22	17	,	,	PUNCT
fsr-3715	22	18	but	but	CCONJ
fsr-3715	22	19	are	be	AUX
fsr-3715	22	20	not	not	PART
fsr-3715	22	21	in	in	ADP
fsr-3715	22	22	contrast	contrast	NOUN
fsr-3715	22	23	with	with	ADP
fsr-3715	22	24	the	the	DET
fsr-3715	22	25	importance	importance	NOUN
fsr-3715	22	26	of	of	ADP
fsr-3715	22	27	the	the	DET
fsr-3715	22	28	precautionary	precautionary	ADJ
fsr-3715	22	29	motive	motive	NOUN
fsr-3715	22	30	per	per	X
fsr-3715	22	31	se	se	X
fsr-3715	22	32	.	.	PUNCT
fsr-3715	23	1	beside	beside	ADP
fsr-3715	23	2	earnings	earning	NOUN
fsr-3715	23	3	uncertainty	uncertainty	NOUN
fsr-3715	23	4	,	,	PUNCT
fsr-3715	23	5	other	other	ADJ
fsr-3715	23	6	risks	risk	NOUN
fsr-3715	23	7	,	,	PUNCT
fsr-3715	23	8	such	such	ADJ
fsr-3715	23	9	as	as	ADP
fsr-3715	23	10	health	health	NOUN
fsr-3715	23	11	and	and	CCONJ
fsr-3715	23	12	mortality	mortality	NOUN
fsr-3715	23	13	,	,	PUNCT
fsr-3715	23	14	may	may	AUX
fsr-3715	23	15	be	be	AUX
fsr-3715	23	16	important	important	ADJ
fsr-3715	23	17	determinants	determinant	NOUN
fsr-3715	23	18	of	of	ADP
fsr-3715	23	19	wealth	wealth	NOUN
fsr-3715	23	20	accumulation	accumulation	NOUN
fsr-3715	23	21	.	.	PUNCT
fsr-3715	24	1	journal	journal	PROPN
fsr-3715	24	2	ofmonetary	ofmonetary	ADJ
fsr-3715	24	3	economics	economic	NOUN
fsr-3715	24	4	,	,	PUNCT
fsr-3715	24	5	november	november	PROPN
fsr-3715	24	6	1992	1992	NUM
fsr-3715	24	7	,	,	PUNCT
fsr-3715	24	8	30(2	30(2	NUM
fsr-3715	24	9	):	):	PUNCT
fsr-3715	24	10	307	307	NUM
fsr-3715	24	11	-	-	SYM
fsr-3715	24	12	337	337	NUM
fsr-3715	24	13	.	.	PUNCT
fsr-3715	25	1	(	(	PUNCT
fsr-3715	25	2	reprinted	reprint	VERB
fsr-3715	25	3	with	with	ADP
fsr-3715	25	4	permission	permission	NOUN
fsr-3715	25	5	of	of	ADP
fsr-3715	25	6	north	north	NOUN
fsr-3715	25	7	-	-	PUNCT
fsr-3715	25	8	holland	holland	PROPN
fsr-3715	25	9	publishing	publishing	PROPN
fsr-3715	25	10	company	company	NOUN
fsr-3715	25	11	.	.	PUNCT
fsr-3715	25	12	)	)	PUNCT
fsr-3715	26	1	wealth	wealth	NOUN
fsr-3715	26	2	seeking	seek	VERB
fsr-3715	26	3	reconsidered	reconsider	VERB
fsr-3715	26	4	,	,	PUNCT
fsr-3715	26	5	by	by	ADP
fsr-3715	26	6	kai	kai	PROPN
fsr-3715	26	7	a.	a.	PROPN
fsr-3715	26	8	konrad	konrad	PROPN
fsr-3715	26	9	(	(	PUNCT
fsr-3715	26	10	university	university	PROPN
fsr-3715	26	11	of	of	ADP
fsr-3715	26	12	munich	munich	PROPN
fsr-3715	26	13	)	)	PUNCT
fsr-3715	26	14	.	.	PUNCT
fsr-3715	27	1	if	if	SCONJ
fsr-3715	27	2	individuals	individual	NOUN
fsr-3715	27	3	are	be	AUX
fsr-3715	27	4	interested	interested	ADJ
fsr-3715	27	5	in	in	ADP
fsr-3715	27	6	their	their	PRON
fsr-3715	27	7	relative	relative	ADJ
fsr-3715	27	8	wealth	wealth	NOUN
fsr-3715	27	9	position	position	NOUN
fsr-3715	27	10	,	,	PUNCT
fsr-3715	27	11	they	they	PRON
fsr-3715	27	12	engage	engage	VERB
fsr-3715	27	13	in	in	ADP
fsr-3715	27	14	contests	contest	NOUN
fsr-3715	27	15	for	for	ADP
fsr-3715	27	16	wealth	wealth	NOUN
fsr-3715	27	17	.	.	PUNCT
fsr-3715	28	1	this	this	PRON
fsr-3715	28	2	leads	lead	VERB
fsr-3715	28	3	to	to	ADP
fsr-3715	28	4	a	a	DET
fsr-3715	28	5	steady	steady	ADJ
fsr-3715	28	6	state	state	NOUN
fsr-3715	28	7	with	with	ADP
fsr-3715	28	8	overaccumulation	overaccumulation	NOUN
fsr-3715	28	9	.	.	PUNCT
fsr-3715	29	1	in	in	ADP
fsr-3715	29	2	a	a	DET
fsr-3715	29	3	simple	simple	ADJ
fsr-3715	29	4	growth	growth	NOUN
fsr-3715	29	5	model	model	NOUN
fsr-3715	29	6	it	it	PRON
fsr-3715	29	7	is	be	AUX
fsr-3715	29	8	shown	show	VERB
fsr-3715	29	9	that	that	SCONJ
fsr-3715	29	10	,	,	PUNCT
fsr-3715	29	11	if	if	SCONJ
fsr-3715	29	12	some	some	DET
fsr-3715	29	13	individuals	individual	NOUN
fsr-3715	29	14	are	be	AUX
fsr-3715	29	15	engaged	engage	VERB
fsr-3715	29	16	in	in	ADP
fsr-3715	29	17	wealth	wealth	NOUN
fsr-3715	29	18	seeking	seek	VERB
fsr-3715	29	19	activity	activity	NOUN
fsr-3715	29	20	,	,	PUNCT
fsr-3715	29	21	but	but	CCONJ
fsr-3715	29	22	others	other	NOUN
fsr-3715	29	23	are	be	AUX
fsr-3715	29	24	not	not	PART
fsr-3715	29	25	,	,	PUNCT
fsr-3715	29	26	the	the	DET
fsr-3715	29	27	latter	latter	ADJ
fsr-3715	29	28	might	might	AUX
fsr-3715	29	29	benefit	benefit	VERB
fsr-3715	29	30	.	.	PUNCT
fsr-3715	30	1	however	however	ADV
fsr-3715	30	2	,	,	PUNCT
fsr-3715	30	3	wealth	wealth	NOUN
fsr-3715	30	4	seeking	seeking	NOUN
fsr-3715	30	5	is	be	AUX
fsr-3715	30	6	not	not	PART
fsr-3715	30	7	welfare	welfare	NOUN
fsr-3715	30	8	enhancing	enhance	VERB
fsr-3715	30	9	under	under	ADP
fsr-3715	30	10	usual	usual	ADJ
fsr-3715	30	11	assumptions	assumption	NOUN
fsr-3715	30	12	concerning	concern	VERB
fsr-3715	30	13	production	production	NOUN
fsr-3715	30	14	technology	technology	NOUN
fsr-3715	30	15	.	.	PUNCT
fsr-3715	31	1	the	the	DET
fsr-3715	31	2	steady	steady	ADJ
fsr-3715	31	3	-	-	PUNCT
fsr-3715	31	4	state	state	NOUN
fsr-3715	31	5	equilibrium	equilibrium	NOUN
fsr-3715	31	6	is	be	AUX
fsr-3715	31	7	characterized	characterize	VERB
fsr-3715	31	8	by	by	ADP
fsr-3715	31	9	a	a	DET
fsr-3715	31	10	marginal	marginal	ADJ
fsr-3715	31	11	productivity	productivity	NOUN
fsr-3715	31	12	of	of	ADP
fsr-3715	31	13	capital	capital	NOUN
fsr-3715	31	14	that	that	PRON
fsr-3715	31	15	is	be	AUX
fsr-3715	31	16	below	below	ADP
fsr-3715	31	17	the	the	DET
fsr-3715	31	18	steady	steady	ADJ
fsr-3715	31	19	-	-	PUNCT
fsr-3715	31	20	state	state	NOUN
fsr-3715	31	21	rate	rate	NOUN
fsr-3715	31	22	of	of	ADP
fsr-3715	31	23	time	time	NOUN
fsr-3715	31	24	preference	preference	NOUN
fsr-3715	31	25	and	and	CCONJ
fsr-3715	31	26	by	by	ADP
fsr-3715	31	27	emergence	emergence	NOUN
fsr-3715	31	28	of	of	ADP
fsr-3715	31	29	a	a	DET
fsr-3715	31	30	class	class	NOUN
fsr-3715	31	31	structure	structure	NOUN
fsr-3715	31	32	.	.	PUNCT
fsr-3715	32	1	journal	journal	NOUN
fsr-3715	32	2	of	of	ADP
fsr-3715	32	3	economic	economic	ADJ
fsr-3715	32	4	behavior	behavior	NOUN
fsr-3715	32	5	and	and	CCONJ
fsr-3715	32	6	organization	organization	NOUN
fsr-3715	32	7	,	,	PUNCT
fsr-3715	32	8	july	july	PROPN
fsr-3715	32	9	1992	1992	NUM
fsr-3715	32	10	,	,	PUNCT
fsr-3715	32	11	18(2	18(2	NUM
fsr-3715	32	12	):	):	PUNCT
fsr-3715	32	13	215	215	NUM
fsr-3715	32	14	-	-	SYM
fsr-3715	32	15	227	227	NUM
fsr-3715	32	16	.	.	PUNCT
fsr-3715	33	1	(	(	PUNCT
fsr-3715	33	2	reprinted	reprint	VERB
fsr-3715	33	3	with	with	ADP
fsr-3715	33	4	permission	permission	NOUN
fsr-3715	33	5	of	of	ADP
fsr-3715	33	6	north	north	NOUN
fsr-3715	33	7	-	-	PUNCT
fsr-3715	33	8	holland	holland	PROPN
fsr-3715	33	9	publishing	publishing	PROPN
fsr-3715	33	10	company	company	NOUN
fsr-3715	33	11	.	.	PUNCT
fsr-3715	33	12	)	)	PUNCT
fsr-3715	34	1	estateplanningandwealthtransfer	estateplanningandwealthtransfer	VERB
fsr-3715	34	2	saving	saving	NOUN
fsr-3715	34	3	,	,	PUNCT
fsr-3715	34	4	wealth	wealth	NOUN
fsr-3715	34	5	,	,	PUNCT
fsr-3715	34	6	and	and	CCONJ
fsr-3715	34	7	the	the	DET
fsr-3715	34	8	exchange	exchange	NOUN
fsr-3715	34	9	-	-	PUNCT
fsr-3715	34	10	bequest	bequest	NOUN
fsr-3715	34	11	motive	motive	NOUN
fsr-3715	34	12	,	,	PUNCT
fsr-3715	34	13	by	by	ADP
fsr-3715	34	14	w.	w.	PROPN
fsr-3715	34	15	a.	a.	PROPN
fsr-3715	34	16	lord	lord	PROPN
fsr-3715	34	17	.	.	PUNCT
fsr-3715	35	1	a	a	DET
fsr-3715	35	2	model	model	NOUN
fsr-3715	35	3	of	of	ADP
fsr-3715	35	4	exchange	exchange	NOUN
fsr-3715	35	5	-	-	PUNCT
fsr-3715	35	6	motivated	motivate	VERB
fsr-3715	35	7	bequests	bequest	NOUN
fsr-3715	35	8	based	base	VERB
fsr-3715	35	9	upon	upon	SCONJ
fsr-3715	35	10	childrens	children	NOUN
fsr-3715	35	11	’	'	PUNCT
fsr-3715	35	12	“	"	PUNCT
fsr-3715	35	13	attentions	attention	NOUN
fsr-3715	35	14	”	"	PUNCT
fsr-3715	35	15	to	to	ADP
fsr-3715	35	16	parents	parent	NOUN
fsr-3715	35	17	,	,	PUNCT
fsr-3715	35	18	provided	provide	VERB
fsr-3715	35	19	when	when	SCONJ
fsr-3715	35	20	the	the	DET
fsr-3715	35	21	children	child	NOUN
fsr-3715	35	22	are	be	AUX
fsr-3715	35	23	young	young	ADJ
fsr-3715	35	24	adults	adult	NOUN
fsr-3715	35	25	,	,	PUNCT
fsr-3715	35	26	is	be	AUX
fsr-3715	35	27	joined	join	VERB
fsr-3715	35	28	to	to	ADP
fsr-3715	35	29	a	a	DET
fsr-3715	35	30	standard	standard	ADJ
fsr-3715	35	31	abshzcts	abshzct	NOUN
fsr-3715	35	32	of	of	ADP
fsr-3715	35	33	articles	article	NOUN
fsr-3715	35	34	on	on	ADP
fsr-3715	35	35	individual	individual	ADJ
fsr-3715	35	36	financial	financial	ADJ
fsr-3715	35	37	mangement	mangement	NOUN
fsr-3715	35	38	159	159	NUM
fsr-3715	35	39	life	life	NOUN
fsr-3715	35	40	-	-	PUNCT
fsr-3715	35	41	cycle	cycle	NOUN
fsr-3715	35	42	specification	specification	NOUN
fsr-3715	35	43	to	to	PART
fsr-3715	35	44	examine	examine	VERB
fsr-3715	35	45	the	the	DET
fsr-3715	35	46	consequences	consequence	NOUN
fsr-3715	35	47	for	for	ADP
fsr-3715	35	48	wealth	wealth	NOUN
fsr-3715	35	49	and	and	CCONJ
fsr-3715	35	50	savings	saving	NOUN
fsr-3715	35	51	.	.	PUNCT
fsr-3715	36	1	the	the	DET
fsr-3715	36	2	results	result	NOUN
fsr-3715	36	3	of	of	ADP
fsr-3715	36	4	general	general	ADJ
fsr-3715	36	5	equilibrium	equilibrium	NOUN
fsr-3715	36	6	simulations	simulation	NOUN
fsr-3715	36	7	show	show	VERB
fsr-3715	36	8	contribution	contribution	NOUN
fsr-3715	36	9	to	to	PART
fsr-3715	36	10	be	be	AUX
fsr-3715	36	11	far	far	ADV
fsr-3715	36	12	below	below	ADP
fsr-3715	36	13	some	some	DET
fsr-3715	36	14	recent	recent	ADJ
fsr-3715	36	15	estimates	estimate	NOUN
fsr-3715	36	16	.	.	PUNCT
fsr-3715	37	1	exchange	exchange	NOUN
fsr-3715	37	2	-	-	PUNCT
fsr-3715	37	3	motivated	motivate	VERB
fsr-3715	37	4	bequests	bequest	NOUN
fsr-3715	37	5	produce	produce	VERB
fsr-3715	37	6	offsets	offset	NOUN
fsr-3715	37	7	to	to	ADP
fsr-3715	37	8	life	life	NOUN
fsr-3715	37	9	-	-	PUNCT
fsr-3715	37	10	cycle	cycle	NOUN
fsr-3715	37	11	savings	saving	NOUN
fsr-3715	37	12	that	that	PRON
fsr-3715	37	13	limit	limit	VERB
fsr-3715	37	14	their	their	PRON
fsr-3715	37	15	ability	ability	NOUN
fsr-3715	37	16	to	to	PART
fsr-3715	37	17	increase	increase	VERB
fsr-3715	37	18	total	total	ADJ
fsr-3715	37	19	savings	saving	NOUN
fsr-3715	37	20	.	.	PUNCT
fsr-3715	38	1	canadian	canadian	ADJ
fsr-3715	38	2	journal	journal	PROPN
fsr-3715	38	3	of	of	ADP
fsr-3715	38	4	economics	economic	NOUN
fsr-3715	38	5	,	,	PUNCT
fsr-3715	38	6	august	august	PROPN
fsr-3715	38	7	1992	1992	NUM
fsr-3715	38	8	,	,	PUNCT
fsr-3715	38	9	25(3	25(3	NUM
fsr-3715	38	10	):	):	PUNCT
fsr-3715	38	11	743	743	NUM
fsr-3715	38	12	-	-	SYM
fsr-3715	38	13	753	753	NUM
fsr-3715	38	14	.	.	PUNCT
fsr-3715	39	1	(	(	PUNCT
fsr-3715	39	2	reprinted	reprint	VERB
fsr-3715	39	3	with	with	ADP
fsr-3715	39	4	permission	permission	NOUN
fsr-3715	39	5	of	of	ADP
fsr-3715	39	6	the	the	DET
fsr-3715	39	7	journal	journal	NOUN
fsr-3715	39	8	of	of	ADP
fsr-3715	39	9	eco	eco	PROPN
fsr-3715	39	10	nomic	nomic	PROPN
fsr-3715	39	11	literature	literature	PROPN
fsr-3715	39	12	.	.	PUNCT
fsr-3715	39	13	)	)	PUNCT
fsr-3715	40	1	patterns	pattern	NOUN
fsr-3715	40	2	of	of	ADP
fsr-3715	40	3	intergenerational	intergenerational	ADJ
fsr-3715	40	4	mobility	mobility	NOUN
fsr-3715	40	5	in	in	ADP
fsr-3715	40	6	income	income	NOUN
fsr-3715	40	7	and	and	CCONJ
fsr-3715	40	8	earnings	earning	NOUN
fsr-3715	40	9	,	,	PUNCT
fsr-3715	40	10	by	by	ADP
fsr-3715	40	11	h.	h.	PROPN
fsr-3715	40	12	elizabeth	elizabeth	PROPN
fsr-3715	40	13	peters	peters	PROPN
fsr-3715	40	14	(	(	PUNCT
fsr-3715	40	15	university	university	NOUN
fsr-3715	40	16	of	of	ADP
fsr-3715	40	17	colorado	colorado	PROPN
fsr-3715	40	18	)	)	PUNCT
fsr-3715	40	19	.	.	PUNCT
fsr-3715	41	1	this	this	DET
fsr-3715	41	2	paper	paper	NOUN
fsr-3715	41	3	characterizes	characterize	VERB
fsr-3715	41	4	the	the	DET
fsr-3715	41	5	patterns	pattern	NOUN
fsr-3715	41	6	of	of	ADP
fsr-3715	41	7	intergenerational	intergenerational	ADJ
fsr-3715	41	8	mobility	mobility	NOUN
fsr-3715	41	9	in	in	ADP
fsr-3715	41	10	the	the	DET
fsr-3715	41	11	united	united	PROPN
fsr-3715	41	12	states	states	PROPN
fsr-3715	41	13	using	use	VERB
fsr-3715	41	14	data	datum	NOUN
fsr-3715	41	15	for	for	ADP
fsr-3715	41	16	matched	match	VERB
fsr-3715	41	17	parent	parent	NOUN
fsr-3715	41	18	/	/	SYM
fsr-3715	41	19	child	child	NOUN
fsr-3715	41	20	pairs	pair	NOUN
fsr-3715	41	21	from	from	ADP
fsr-3715	41	22	the	the	DET
fsr-3715	41	23	national	national	PROPN
fsr-3715	41	24	longitu	longitu	PROPN
fsr-3715	41	25	dinal	dinal	ADJ
fsr-3715	41	26	surveys	survey	NOUN
fsr-3715	41	27	.	.	PUNCT
fsr-3715	42	1	in	in	ADP
fsr-3715	42	2	general	general	ADJ
fsr-3715	42	3	,	,	PUNCT
fsr-3715	42	4	what	what	PRON
fsr-3715	42	5	is	be	AUX
fsr-3715	42	6	found	find	VERB
fsr-3715	42	7	is	be	AUX
fsr-3715	42	8	far	far	ADV
fsr-3715	42	9	from	from	ADP
fsr-3715	42	10	the	the	DET
fsr-3715	42	11	extremes	extreme	NOUN
fsr-3715	42	12	of	of	ADP
fsr-3715	42	13	either	either	CCONJ
fsr-3715	42	14	perfect	perfect	ADJ
fsr-3715	42	15	mobility	mobility	NOUN
fsr-3715	42	16	or	or	CCONJ
fsr-3715	42	17	perfect	perfect	ADJ
fsr-3715	42	18	immobility	immobility	NOUN
fsr-3715	42	19	.	.	PUNCT
fsr-3715	43	1	parents	parent	NOUN
fsr-3715	43	2	’	'	PUNCT
fsr-3715	43	3	log	log	NOUN
fsr-3715	43	4	income	income	NOUN
fsr-3715	43	5	explains	explain	VERB
fsr-3715	43	6	only	only	ADV
fsr-3715	43	7	about	about	ADV
fsr-3715	43	8	9	9	NUM
fsr-3715	43	9	%	%	NOUN
fsr-3715	43	10	to	to	PART
fsr-3715	43	11	11	11	NUM
fsr-3715	43	12	%	%	NOUN
fsr-3715	43	13	of	of	ADP
fsr-3715	43	14	the	the	DET
fsr-3715	43	15	variation	variation	NOUN
fsr-3715	43	16	in	in	ADP
fsr-3715	43	17	children	child	NOUN
fsr-3715	43	18	’s	’s	PART
fsr-3715	43	19	log	log	NOUN
fsr-3715	43	20	incomes	income	NOUN
fsr-3715	43	21	.	.	PUNCT
fsr-3715	44	1	earnings	earning	NOUN
fsr-3715	44	2	exhibit	exhibit	VERB
fsr-3715	44	3	more	more	ADJ
fsr-3715	44	4	mobility	mobility	NOUN
fsr-3715	44	5	than	than	SCONJ
fsr-3715	44	6	does	do	VERB
fsr-3715	44	7	total	total	ADJ
fsr-3715	44	8	income	income	NOUN
fsr-3715	44	9	,	,	PUNCT
fsr-3715	44	10	and	and	CCONJ
fsr-3715	44	11	the	the	DET
fsr-3715	44	12	difference	difference	NOUN
fsr-3715	44	13	is	be	AUX
fsr-3715	44	14	most	most	ADV
fsr-3715	44	15	striking	striking	ADJ
fsr-3715	44	16	for	for	ADP
fsr-3715	44	17	daughters	daughter	NOUN
fsr-3715	44	18	.	.	PUNCT
fsr-3715	45	1	the	the	DET
fsr-3715	45	2	paper	paper	NOUN
fsr-3715	45	3	also	also	ADV
fsr-3715	45	4	identifies	identify	VERB
fsr-3715	45	5	the	the	DET
fsr-3715	45	6	influence	influence	NOUN
fsr-3715	45	7	of	of	ADP
fsr-3715	45	8	family	family	NOUN
fsr-3715	45	9	background	background	NOUN
fsr-3715	45	10	characteristics	characteristic	NOUN
fsr-3715	45	11	on	on	ADP
fsr-3715	45	12	mobility	mobility	NOUN
fsr-3715	45	13	.	.	PUNCT
fsr-3715	46	1	the	the	DET
fsr-3715	46	2	addition	addition	NOUN
fsr-3715	46	3	of	of	ADP
fsr-3715	46	4	these	these	DET
fsr-3715	46	5	background	background	NOUN
fsr-3715	46	6	variables	variable	NOUN
fsr-3715	46	7	adds	add	VERB
fsr-3715	46	8	another	another	DET
fsr-3715	46	9	three	three	NUM
fsr-3715	46	10	to	to	PART
fsr-3715	46	11	five	five	NUM
fsr-3715	46	12	percentage	percentage	NOUN
fsr-3715	46	13	points	point	NOUN
fsr-3715	46	14	to	to	ADP
fsr-3715	46	15	the	the	DET
fsr-3715	46	16	r	r	NOUN
fsr-3715	46	17	*	*	PUNCT
fsr-3715	46	18	in	in	ADP
fsr-3715	46	19	the	the	DET
fsr-3715	46	20	intergenerational	intergenerational	ADJ
fsr-3715	46	21	earnings	earning	NOUN
fsr-3715	46	22	and	and	CCONJ
fsr-3715	46	23	income	income	NOUN
fsr-3715	46	24	regressions	regression	NOUN
fsr-3715	46	25	.	.	PUNCT
fsr-3715	47	1	the	the	DET
fsr-3715	47	2	review	review	NOUN
fsr-3715	47	3	of	of	ADP
fsr-3715	47	4	economics	economic	NOUN
fsr-3715	47	5	and	and	CCONJ
fsr-3715	47	6	statistics	statistic	NOUN
fsr-3715	47	7	,	,	PUNCT
fsr-3715	47	8	august	august	PROPN
fsr-3715	47	9	1992,74(3	1992,74(3	NOUN
fsr-3715	47	10	):	):	PUNCT
fsr-3715	47	11	456	456	NUM
fsr-3715	47	12	-	-	SYM
fsr-3715	47	13	466	466	NUM
fsr-3715	47	14	.	.	PUNCT
fsr-3715	48	1	(	(	PUNCT
fsr-3715	48	2	reprinted	reprint	VERB
fsr-3715	48	3	with	with	ADP
fsr-3715	48	4	permission	permission	NOUN
fsr-3715	48	5	of	of	ADP
fsr-3715	48	6	elsevier	elsevi	ADJ
fsr-3715	48	7	science	science	PROPN
fsr-3715	48	8	publishers	publisher	NOUN
fsr-3715	48	9	b.v	b.v	PROPN
fsr-3715	48	10	.	.	PROPN
fsr-3715	48	11	,	,	PUNCT
fsr-3715	48	12	north	north	NOUN
fsr-3715	48	13	-	-	PUNCT
fsr-3715	48	14	holland	holland	NOUN
fsr-3715	48	15	.	.	PUNCT
fsr-3715	48	16	)	)	PUNCT
fsr-3715	49	1	individualfinancialmanagement	individualfinancialmanagement	VERB
fsr-3715	49	2	the	the	DET
fsr-3715	49	3	effect	effect	NOUN
fsr-3715	49	4	of	of	ADP
fsr-3715	49	5	borrowing	borrowing	NOUN
fsr-3715	49	6	constraints	constraint	NOUN
fsr-3715	49	7	on	on	ADP
fsr-3715	49	8	consumer	consumer	NOUN
fsr-3715	49	9	liabilities	liability	NOUN
fsr-3715	49	10	,	,	PUNCT
fsr-3715	49	11	by	by	ADP
fsr-3715	49	12	donald	donald	PROPN
fsr-3715	49	13	cox	cox	PROPN
fsr-3715	49	14	(	(	PUNCT
fsr-3715	49	15	boston	boston	PROPN
fsr-3715	49	16	college	college	PROPN
fsr-3715	49	17	)	)	PUNCT
fsr-3715	49	18	and	and	CCONJ
fsr-3715	49	19	tullio	tullio	VERB
fsr-3715	49	20	jappelli	jappelli	PROPN
fsr-3715	49	21	(	(	PUNCT
fsr-3715	49	22	instituto	instituto	PROPN
fsr-3715	49	23	di	di	PROPN
fsr-3715	49	24	studi	studi	PROPN
fsr-3715	49	25	economici	economici	PROPN
fsr-3715	49	26	,	,	PUNCT
fsr-3715	49	27	i.u.n	i.u.n	PROPN
fsr-3715	49	28	.	.	PUNCT
fsr-3715	49	29	,	,	PUNCT
fsr-3715	49	30	naples	naples	PROPN
fsr-3715	49	31	)	)	PUNCT
fsr-3715	49	32	.	.	PUNCT
fsr-3715	50	1	this	this	DET
fsr-3715	50	2	paper	paper	NOUN
fsr-3715	50	3	explores	explore	VERB
fsr-3715	50	4	the	the	DET
fsr-3715	50	5	effects	effect	NOUN
fsr-3715	50	6	of	of	ADP
fsr-3715	50	7	liquidity	liquidity	NOUN
fsr-3715	50	8	constraints	constraint	NOUN
fsr-3715	50	9	on	on	ADP
fsr-3715	50	10	consumer	consumer	NOUN
fsr-3715	50	11	liabilities	liability	NOUN
fsr-3715	50	12	.	.	PUNCT
fsr-3715	51	1	while	while	SCONJ
fsr-3715	51	2	much	much	ADJ
fsr-3715	51	3	empirical	empirical	ADJ
fsr-3715	51	4	evidence	evidence	NOUN
fsr-3715	51	5	attests	attest	VERB
fsr-3715	51	6	to	to	ADP
fsr-3715	51	7	the	the	DET
fsr-3715	51	8	importance	importance	NOUN
fsr-3715	51	9	of	of	ADP
fsr-3715	51	10	liquidity	liquidity	NOUN
fsr-3715	51	11	constraints	constraint	NOUN
fsr-3715	51	12	in	in	ADP
fsr-3715	51	13	the	the	DET
fsr-3715	51	14	u.s	u.s	PROPN
fsr-3715	51	15	.	.	PROPN
fsr-3715	51	16	economy	economy	NOUN
fsr-3715	51	17	,	,	PUNCT
fsr-3715	51	18	evidence	evidence	NOUN
fsr-3715	51	19	about	about	ADP
fsr-3715	51	20	the	the	DET
fsr-3715	51	21	effects	effect	NOUN
fsr-3715	51	22	of	of	ADP
fsr-3715	51	23	borrowing	borrowing	NOUN
fsr-3715	51	24	constraints	constraint	NOUN
fsr-3715	51	25	on	on	ADP
fsr-3715	51	26	consumer	consumer	NOUN
fsr-3715	51	27	balance	balance	NOUN
fsr-3715	51	28	sheets	sheet	NOUN
fsr-3715	51	29	is	be	AUX
fsr-3715	51	30	scarce	scarce	ADJ
fsr-3715	51	31	.	.	PUNCT
fsr-3715	52	1	using	use	VERB
fsr-3715	52	2	the	the	DET
fsr-3715	52	3	1983	1983	NUM
fsr-3715	52	4	survey	survey	NOUN
fsr-3715	52	5	of	of	ADP
fsr-3715	52	6	consumer	consumer	NOUN
fsr-3715	52	7	finances	finance	NOUN
fsr-3715	52	8	data	datum	NOUN
fsr-3715	52	9	we	we	PRON
fsr-3715	52	10	estimate	estimate	VERB
fsr-3715	52	11	desired	desire	VERB
fsr-3715	52	12	borrowing	borrowing	NOUN
fsr-3715	52	13	for	for	ADP
fsr-3715	52	14	unconstrained	unconstrained	ADJ
fsr-3715	52	15	households	household	NOUN
fsr-3715	52	16	.	.	PUNCT
fsr-3715	53	1	we	we	PRON
fsr-3715	53	2	then	then	ADV
fsr-3715	53	3	evaluate	evaluate	VERB
fsr-3715	53	4	the	the	DET
fsr-3715	53	5	gap	gap	NOUN
fsr-3715	53	6	between	between	ADP
fsr-3715	53	7	predicted	predict	VERB
fsr-3715	53	8	and	and	CCONJ
fsr-3715	53	9	observed	observe	VERB
fsr-3715	53	10	debt	debt	NOUN
fsr-3715	53	11	for	for	ADP
fsr-3715	53	12	the	the	DET
fsr-3715	53	13	sample	sample	NOUN
fsr-3715	53	14	of	of	ADP
fsr-3715	53	15	liquidity	liquidity	NOUN
fsr-3715	53	16	constrained	constrain	VERB
fsr-3715	53	17	consumers	consumer	NOUN
fsr-3715	53	18	.	.	PUNCT
fsr-3715	54	1	predicted	predict	VERB
fsr-3715	54	2	debt	debt	NOUN
fsr-3715	54	3	is	be	AUX
fsr-3715	54	4	75	75	NUM
fsr-3715	54	5	percent	percent	NOUN
fsr-3715	54	6	higher	high	ADJ
fsr-3715	54	7	than	than	ADP
fsr-3715	54	8	actual	actual	ADJ
fsr-3715	54	9	debt	debt	NOUN
fsr-3715	54	10	in	in	ADP
fsr-3715	54	11	the	the	DET
fsr-3715	54	12	liquidity	liquidity	NOUN
fsr-3715	54	13	constrained	constrain	VERB
fsr-3715	54	14	sample	sample	NOUN
fsr-3715	54	15	.	.	PUNCT
fsr-3715	55	1	thus	thus	ADV
fsr-3715	55	2	,	,	PUNCT
fsr-3715	55	3	the	the	DET
fsr-3715	55	4	effect	effect	NOUN
fsr-3715	55	5	of	of	ADP
fsr-3715	55	6	removing	remove	VERB
fsr-3715	55	7	borrowing	borrowing	NOUN
fsr-3715	55	8	constraints	constraint	NOUN
fsr-3715	55	9	has	have	VERB
fsr-3715	55	10	quantitatively	quantitatively	ADV
fsr-3715	55	11	important	important	ADJ
fsr-3715	55	12	implications	implication	NOUN
fsr-3715	55	13	for	for	ADP
fsr-3715	55	14	the	the	DET
fsr-3715	55	15	allocation	allocation	NOUN
fsr-3715	55	16	of	of	ADP
fsr-3715	55	17	debt	debt	NOUN
fsr-3715	55	18	in	in	ADP
fsr-3715	55	19	the	the	DET
fsr-3715	55	20	household	household	NOUN
fsr-3715	55	21	portfolio	portfolio	NOUN
fsr-3715	55	22	.	.	PUNCT
fsr-3715	56	1	the	the	DET
fsr-3715	56	2	removal	removal	NOUN
fsr-3715	56	3	of	of	ADP
fsr-3715	56	4	borrowing	borrowing	NOUN
fsr-3715	56	5	constraints	constraint	NOUN
fsr-3715	56	6	would	would	AUX
fsr-3715	56	7	raise	raise	VERB
fsr-3715	56	8	aggregate	aggregate	ADJ
fsr-3715	56	9	house	house	NOUN
fsr-3715	56	10	hold	hold	VERB
fsr-3715	56	11	liabilities	liability	NOUN
fsr-3715	56	12	by	by	ADP
fsr-3715	56	13	9	9	NUM
fsr-3715	56	14	percent	percent	NOUN
fsr-3715	56	15	.	.	PUNCT
fsr-3715	57	1	journal	journal	NOUN
fsr-3715	57	2	of	of	ADP
fsr-3715	57	3	money	money	NOUN
fsr-3715	57	4	,	,	PUNCT
fsr-3715	57	5	credit	credit	NOUN
fsr-3715	57	6	,	,	PUNCT
fsr-3715	57	7	and	and	CCONJ
fsr-3715	57	8	banking	banking	NOUN
fsr-3715	57	9	,	,	PUNCT
fsr-3715	57	10	may	may	PROPN
fsr-3715	57	11	1993	1993	NUM
fsr-3715	57	12	,	,	PUNCT
fsr-3715	57	13	25(2	25(2	NUM
fsr-3715	57	14	):	):	PUNCT
fsr-3715	57	15	197	197	NUM
fsr-3715	57	16	-	-	SYM
fsr-3715	57	17	213	213	NUM
fsr-3715	57	18	.	.	PUNCT
fsr-3715	58	1	(	(	PUNCT
fsr-3715	58	2	reprinted	reprint	VERB
fsr-3715	58	3	with	with	ADP
fsr-3715	58	4	permission	permission	NOUN
fsr-3715	58	5	of	of	ADP
fsr-3715	58	6	journal	journal	NOUN
fsr-3715	58	7	of	of	ADP
fsr-3715	58	8	money	money	NOUN
fsr-3715	58	9	,	,	PUNCT
fsr-3715	58	10	credit	credit	NOUN
fsr-3715	58	11	,	,	PUNCT
fsr-3715	58	12	und	und	VERB
fsr-3715	58	13	bunking	bunk	VERB
fsr-3715	58	14	.	.	PUNCT
fsr-3715	58	15	)	)	PUNCT
fsr-3715	59	1	160	160	NUM
fsr-3715	59	2	financial	financial	PROPN
fsr-3715	59	3	services	service	NOUN
fsr-3715	59	4	review	review	NOUN
fsr-3715	59	5	,	,	PUNCT
fsr-3715	59	6	2(2	2(2	NUM
fsr-3715	59	7	)	)	PUNCT
fsr-3715	59	8	1993	1993	NUM
fsr-3715	59	9	tax	tax	NOUN
fsr-3715	59	10	timing	timing	NOUN
fsr-3715	59	11	with	with	ADP
fsr-3715	59	12	liquidity	liquidity	NOUN
fsr-3715	59	13	constraints	constraint	NOUN
fsr-3715	59	14	:	:	PUNCT
fsr-3715	59	15	a	a	DET
fsr-3715	59	16	heterogeneous	heterogeneous	ADJ
fsr-3715	59	17	agent	agent	NOUN
fsr-3715	59	18	model	model	NOUN
fsr-3715	59	19	,	,	PUNCT
fsr-3715	59	20	by	by	ADP
fsr-3715	59	21	betty	betty	PROPN
fsr-3715	59	22	c.	c.	PROPN
fsr-3715	59	23	daniel	daniel	PROPN
fsr-3715	59	24	(	(	PUNCT
fsr-3715	59	25	state	state	PROPN
fsr-3715	59	26	university	university	PROPN
fsr-3715	59	27	of	of	ADP
fsr-3715	59	28	new	new	PROPN
fsr-3715	59	29	york	york	PROPN
fsr-3715	59	30	,	,	PUNCT
fsr-3715	59	31	albany	albany	PROPN
fsr-3715	59	32	)	)	PUNCT
fsr-3715	59	33	.	.	PUNCT
fsr-3715	60	1	this	this	DET
fsr-3715	60	2	paper	paper	NOUN
fsr-3715	60	3	considers	consider	VERB
fsr-3715	60	4	the	the	DET
fsr-3715	60	5	ricardian	ricardian	ADJ
fsr-3715	60	6	equivalence	equivalence	NOUN
fsr-3715	60	7	hypothesis	hypothesis	NOUN
fsr-3715	60	8	in	in	ADP
fsr-3715	60	9	a	a	DET
fsr-3715	60	10	model	model	NOUN
fsr-3715	60	11	in	in	ADP
fsr-3715	60	12	which	which	PRON
fsr-3715	60	13	some	some	DET
fsr-3715	60	14	families	family	NOUN
fsr-3715	60	15	face	face	VERB
fsr-3715	60	16	binding	bind	VERB
fsr-3715	60	17	liquidity	liquidity	NOUN
fsr-3715	60	18	constraints	constraint	NOUN
fsr-3715	60	19	and	and	CCONJ
fsr-3715	60	20	others	other	NOUN
fsr-3715	60	21	do	do	VERB
fsr-3715	60	22	not	not	PART
fsr-3715	60	23	.	.	PUNCT
fsr-3715	61	1	the	the	DET
fsr-3715	61	2	source	source	NOUN
fsr-3715	61	3	of	of	ADP
fsr-3715	61	4	heterogeneity	heterogeneity	NOUN
fsr-3715	61	5	which	which	PRON
fsr-3715	61	6	generates	generate	VERB
fsr-3715	61	7	binding	binding	ADJ
fsr-3715	61	8	constraints	constraint	NOUN
fsr-3715	61	9	in	in	ADP
fsr-3715	61	10	some	some	DET
fsr-3715	61	11	families	family	NOUN
fsr-3715	61	12	,	,	PUNCT
fsr-3715	61	13	but	but	CCONJ
fsr-3715	61	14	not	not	PART
fsr-3715	61	15	in	in	ADP
fsr-3715	61	16	others	other	NOUN
fsr-3715	61	17	,	,	PUNCT
fsr-3715	61	18	is	be	AUX
fsr-3715	61	19	shown	show	VERB
fsr-3715	61	20	to	to	PART
fsr-3715	61	21	be	be	AUX
fsr-3715	61	22	the	the	DET
fsr-3715	61	23	rate	rate	NOUN
fsr-3715	61	24	of	of	ADP
fsr-3715	61	25	intergenerational	intergenerational	ADJ
fsr-3715	61	26	discount	discount	NOUN
fsr-3715	61	27	.	.	PUNCT
fsr-3715	62	1	in	in	ADP
fsr-3715	62	2	an	an	DET
fsr-3715	62	3	economy	economy	NOUN
fsr-3715	62	4	populated	populate	VERB
fsr-3715	62	5	by	by	ADP
fsr-3715	62	6	these	these	DET
fsr-3715	62	7	two	two	NUM
fsr-3715	62	8	types	type	NOUN
fsr-3715	62	9	of	of	ADP
fsr-3715	62	10	families	family	NOUN
fsr-3715	62	11	,	,	PUNCT
fsr-3715	62	12	a	a	DET
fsr-3715	62	13	change	change	NOUN
fsr-3715	62	14	in	in	ADP
fsr-3715	62	15	tax	tax	NOUN
fsr-3715	62	16	timing	timing	NOUN
fsr-3715	62	17	has	have	VERB
fsr-3715	62	18	non	non	ADJ
fsr-3715	62	19	-	-	ADJ
fsr-3715	62	20	ricardian	ricardian	ADJ
fsr-3715	62	21	short	short	ADJ
fsr-3715	62	22	-	-	PUNCT
fsr-3715	62	23	run	run	NOUN
fsr-3715	62	24	effects	effect	NOUN
fsr-3715	62	25	,	,	PUNCT
fsr-3715	62	26	but	but	CCONJ
fsr-3715	62	27	many	many	ADJ
fsr-3715	62	28	ricardian	ricardian	ADJ
fsr-3715	62	29	long	long	ADJ
fsr-3715	62	30	-	-	PUNCT
fsr-3715	62	31	run	run	NOUN
fsr-3715	62	32	effects	effect	NOUN
fsr-3715	62	33	.	.	PUNCT
fsr-3715	63	1	this	this	PRON
fsr-3715	63	2	implies	imply	VERB
fsr-3715	63	3	that	that	SCONJ
fsr-3715	63	4	heteroge	heteroge	PROPN
fsr-3715	63	5	neous	neous	ADJ
fsr-3715	63	6	agent	agent	NOUN
fsr-3715	63	7	models	model	NOUN
fsr-3715	63	8	can	can	AUX
fsr-3715	63	9	reconcile	reconcile	VERB
fsr-3715	63	10	some	some	PRON
fsr-3715	63	11	of	of	ADP
fsr-3715	63	12	the	the	DET
fsr-3715	63	13	conflicting	conflict	VERB
fsr-3715	63	14	empirical	empirical	ADJ
fsr-3715	63	15	evidence	evidence	NOUN
fsr-3715	63	16	on	on	ADP
fsr-3715	63	17	ricardian	ricardian	ADJ
fsr-3715	63	18	equivalence	equivalence	NOUN
fsr-3715	63	19	.	.	PUNCT
fsr-3715	64	1	journal	journal	PROPN
fsr-3715	64	2	uf&ney	uf&ney	NOUN
fsr-3715	64	3	,	,	PUNCT
fsr-3715	64	4	credit	credit	NOUN
fsr-3715	64	5	,	,	PUNCT
fsr-3715	64	6	and	and	CCONJ
fsr-3715	64	7	bunking	bunking	NOUN
fsr-3715	64	8	,	,	PUNCT
fsr-3715	64	9	may	may	AUX
fsr-3715	64	10	1993,25(2	1993,25(2	PRON
fsr-3715	64	11	):	):	PUNCT
fsr-3715	64	12	176	176	NUM
fsr-3715	64	13	-	-	SYM
fsr-3715	64	14	196	196	NUM
fsr-3715	64	15	.	.	PUNCT
fsr-3715	65	1	(	(	PUNCT
fsr-3715	65	2	reprinted	reprint	VERB
fsr-3715	65	3	with	with	ADP
fsr-3715	65	4	permission	permission	NOUN
fsr-3715	65	5	of	of	ADP
fsr-3715	65	6	journal	journal	ADJ
fsr-3715	65	7	ofmoney	ofmoney	NOUN
fsr-3715	65	8	,	,	PUNCT
fsr-3715	65	9	credit	credit	NOUN
fsr-3715	65	10	,	,	PUNCT
fsr-3715	65	11	and	and	CCONJ
fsr-3715	65	12	bunking	bunk	VERB
fsr-3715	65	13	.	.	PUNCT
fsr-3715	65	14	)	)	PUNCT
fsr-3715	65	15	aging	aging	NOUN
fsr-3715	65	16	and	and	CCONJ
fsr-3715	65	17	the	the	DET
fsr-3715	65	18	income	income	NOUN
fsr-3715	65	19	value	value	NOUN
fsr-3715	65	20	of	of	ADP
fsr-3715	65	21	housing	housing	NOUN
fsr-3715	65	22	wealth	wealth	NOUN
fsr-3715	65	23	,	,	PUNCT
fsr-3715	65	24	by	by	ADP
fsr-3715	65	25	steven	steven	PROPN
fsr-3715	65	26	f.	f.	PROPN
fsr-3715	65	27	venti	venti	PROPN
fsr-3715	65	28	and	and	CCONJ
fsr-3715	65	29	david	david	PROPN
fsr-3715	65	30	a.	a.	PROPN
fsr-3715	65	31	wise	wise	PROPN
fsr-3715	65	32	(	(	PUNCT
fsr-3715	65	33	national	national	ADJ
fsr-3715	65	34	bureau	bureau	NOUN
fsr-3715	65	35	of	of	ADP
fsr-3715	65	36	economic	economic	ADJ
fsr-3715	65	37	research	research	NOUN
fsr-3715	65	38	,	,	PUNCT
fsr-3715	65	39	harvard	harvard	PROPN
fsr-3715	65	40	university	university	PROPN
fsr-3715	65	41	,	,	PUNCT
fsr-3715	65	42	cambridge	cambridge	PROPN
fsr-3715	65	43	,	,	PUNCT
fsr-3715	65	44	ma	ma	PROPN
fsr-3715	65	45	)	)	PUNCT
fsr-3715	65	46	.	.	PUNCT
fsr-3715	66	1	the	the	DET
fsr-3715	66	2	potential	potential	NOUN
fsr-3715	66	3	of	of	ADP
fsr-3715	66	4	reverse	reverse	ADJ
fsr-3715	66	5	annuity	annuity	NOUN
fsr-3715	66	6	mortgages	mortgage	NOUN
fsr-3715	66	7	to	to	PART
fsr-3715	66	8	increase	increase	VERB
fsr-3715	66	9	the	the	DET
fsr-3715	66	10	current	current	ADJ
fsr-3715	66	11	income	income	NOUN
fsr-3715	66	12	of	of	ADP
fsr-3715	66	13	the	the	DET
fsr-3715	66	14	elderly	elderly	ADJ
fsr-3715	66	15	is	be	AUX
fsr-3715	66	16	analyzed	analyze	VERB
fsr-3715	66	17	.	.	PUNCT
fsr-3715	67	1	we	we	PRON
fsr-3715	67	2	conclude	conclude	VERB
fsr-3715	67	3	that	that	SCONJ
fsr-3715	67	4	most	most	ADJ
fsr-3715	67	5	low	low	ADJ
fsr-3715	67	6	-	-	PUNCT
fsr-3715	67	7	income	income	NOUN
fsr-3715	67	8	elderly	elderly	ADJ
fsr-3715	67	9	also	also	ADV
fsr-3715	67	10	have	have	VERB
fsr-3715	67	11	little	little	ADJ
fsr-3715	67	12	housing	housing	NOUN
fsr-3715	67	13	equity	equity	NOUN
fsr-3715	67	14	.	.	PUNCT
fsr-3715	68	1	in	in	ADP
fsr-3715	68	2	general	general	ADJ
fsr-3715	68	3	,	,	PUNCT
fsr-3715	68	4	a	a	DET
fsr-3715	68	5	reverse	reverse	ADJ
fsr-3715	68	6	annuity	annuity	NOUN
fsr-3715	68	7	mortgage	mortgage	NOUN
fsr-3715	68	8	would	would	AUX
fsr-3715	68	9	substantially	substantially	ADV
fsr-3715	68	10	affect	affect	VERB
fsr-3715	68	11	the	the	DET
fsr-3715	68	12	income	income	NOUN
fsr-3715	68	13	only	only	ADV
fsr-3715	68	14	of	of	ADP
fsr-3715	68	15	the	the	DET
fsr-3715	68	16	single	single	ADJ
fsr-3715	68	17	elderly	elderly	ADJ
fsr-3715	68	18	who	who	PRON
fsr-3715	68	19	are	be	AUX
fsr-3715	68	20	very	very	ADV
fsr-3715	68	21	old	old	ADJ
fsr-3715	68	22	-	-	PUNCT
fsr-3715	68	23	whose	whose	DET
fsr-3715	68	24	life	life	NOUN
fsr-3715	68	25	expectancy	expectancy	NOUN
fsr-3715	68	26	is	be	AUX
fsr-3715	68	27	short	short	ADJ
fsr-3715	68	28	.	.	PUNCT
fsr-3715	69	1	on	on	ADP
fsr-3715	69	2	the	the	DET
fsr-3715	69	3	other	other	ADJ
fsr-3715	69	4	hand	hand	NOUN
fsr-3715	69	5	,	,	PUNCT
fsr-3715	69	6	if	if	SCONJ
fsr-3715	69	7	the	the	DET
fsr-3715	69	8	transfer	transfer	NOUN
fsr-3715	69	9	were	be	AUX
fsr-3715	69	10	in	in	ADP
fsr-3715	69	11	the	the	DET
fsr-3715	69	12	form	form	NOUN
fsr-3715	69	13	of	of	ADP
fsr-3715	69	14	a	a	DET
fsr-3715	69	15	lump	lump	NOUN
fsr-3715	69	16	-	-	PUNCT
fsr-3715	69	17	sum	sum	NOUN
fsr-3715	69	18	payment	payment	NOUN
fsr-3715	69	19	,	,	PUNCT
fsr-3715	69	20	rather	rather	ADV
fsr-3715	69	21	than	than	ADP
fsr-3715	69	22	an	an	DET
fsr-3715	69	23	annuity	annuity	NOUN
fsr-3715	69	24	,	,	PUNCT
fsr-3715	69	25	the	the	DET
fsr-3715	69	26	payment	payment	NOUN
fsr-3715	69	27	would	would	AUX
fsr-3715	69	28	increase	increase	VERB
fsr-3715	69	29	the	the	DET
fsr-3715	69	30	liquid	liquid	ADJ
fsr-3715	69	31	wealth	wealth	NOUN
fsr-3715	69	32	of	of	ADP
fsr-3715	69	33	most	most	ADJ
fsr-3715	69	34	elderly	elderly	ADJ
fsr-3715	69	35	families	family	NOUN
fsr-3715	69	36	by	by	ADP
fsr-3715	69	37	a	a	DET
fsr-3715	69	38	large	large	ADJ
fsr-3715	69	39	fraction	fraction	NOUN
fsr-3715	69	40	.	.	PUNCT
fsr-3715	70	1	thus	thus	ADV
fsr-3715	70	2	legislation	legislation	NOUN
fsr-3715	70	3	that	that	PRON
fsr-3715	70	4	would	would	AUX
fsr-3715	70	5	facilitate	facilitate	VERB
fsr-3715	70	6	the	the	DET
fsr-3715	70	7	market	market	NOUN
fsr-3715	70	8	for	for	ADP
fsr-3715	70	9	reverse	reverse	ADJ
fsr-3715	70	10	mortgages	mortgage	NOUN
fsr-3715	70	11	could	could	AUX
fsr-3715	70	12	improve	improve	VERB
fsr-3715	70	13	substantially	substantially	ADV
fsr-3715	70	14	the	the	DET
fsr-3715	70	15	financial	financial	ADJ
fsr-3715	70	16	status	status	NOUN
fsr-3715	70	17	of	of	ADP
fsr-3715	70	18	a	a	DET
fsr-3715	70	19	small	small	ADJ
fsr-3715	70	20	proportion	proportion	NOUN
fsr-3715	70	21	of	of	ADP
fsr-3715	70	22	the	the	DET
fsr-3715	70	23	elderly	elderly	ADJ
fsr-3715	70	24	.	.	PUNCT
fsr-3715	71	1	journul	journul	PROPN
fsr-3715	71	2	of	of	ADP
fsr-3715	71	3	public	public	ADJ
fsr-3715	71	4	economics	economic	NOUN
fsr-3715	71	5	,	,	PUNCT
fsr-3715	71	6	april	april	PROPN
fsr-3715	71	7	199	199	NUM
fsr-3715	71	8	1,44(3	1,44(3	NUM
fsr-3715	71	9	):	):	PUNCT
fsr-3715	71	10	37	37	NUM
fsr-3715	71	11	l-397	l-397	NOUN
fsr-3715	71	12	.	.	PUNCT
fsr-3715	72	1	(	(	PUNCT
fsr-3715	72	2	reprinted	reprint	VERB
fsr-3715	72	3	with	with	ADP
fsr-3715	72	4	permission	permission	NOUN
fsr-3715	72	5	of	of	ADP
fsr-3715	72	6	north	north	NOUN
fsr-3715	72	7	-	-	PUNCT
fsr-3715	72	8	holland	holland	PROPN
fsr-3715	72	9	publishing	publishing	PROPN
fsr-3715	72	10	company	company	NOUN
fsr-3715	72	11	.	.	PUNCT
fsr-3715	72	12	)	)	PUNCT
fsr-3715	73	1	predicting	predict	VERB
fsr-3715	73	2	personal	personal	ADJ
fsr-3715	73	3	debt	debt	NOUN
fsr-3715	73	4	and	and	CCONJ
fsr-3715	73	5	debt	debt	NOUN
fsr-3715	73	6	repayment	repayment	NOUN
fsr-3715	73	7	:	:	PUNCT
fsr-3715	73	8	psychological	psychological	ADJ
fsr-3715	73	9	,	,	PUNCT
fsr-3715	73	10	so	so	ADV
fsr-3715	73	11	cial	cial	ADJ
fsr-3715	73	12	,	,	PUNCT
fsr-3715	73	13	and	and	CCONJ
fsr-3715	73	14	economic	economic	ADJ
fsr-3715	73	15	determinants	determinant	NOUN
fsr-3715	73	16	,	,	PUNCT
fsr-3715	73	17	by	by	ADP
fsr-3715	73	18	sonia	sonia	PROPN
fsr-3715	73	19	m.	m.	NOUN
fsr-3715	73	20	livingstone	livingstone	PROPN
fsr-3715	73	21	(	(	PUNCT
fsr-3715	73	22	london	london	PROPN
fsr-3715	73	23	school	school	NOUN
fsr-3715	73	24	of	of	ADP
fsr-3715	73	25	economics	economic	NOUN
fsr-3715	73	26	and	and	CCONJ
fsr-3715	73	27	political	political	ADJ
fsr-3715	73	28	science	science	NOUN
fsr-3715	73	29	)	)	PUNCT
fsr-3715	73	30	and	and	CCONJ
fsr-3715	73	31	peter	peter	PROPN
fsr-3715	73	32	k.	k.	PROPN
fsr-3715	73	33	lunt	lunt	PROPN
fsr-3715	73	34	(	(	PUNCT
fsr-3715	73	35	univer	univer	PROPN
fsr-3715	73	36	sity	sity	PROPN
fsr-3715	73	37	college	college	PROPN
fsr-3715	73	38	london	london	PROPN
fsr-3715	73	39	,	,	PUNCT
fsr-3715	73	40	uk	uk	PROPN
fsr-3715	73	41	)	)	PUNCT
fsr-3715	73	42	.	.	PUNCT
fsr-3715	74	1	while	while	SCONJ
fsr-3715	74	2	personal	personal	ADJ
fsr-3715	74	3	debt	debt	NOUN
fsr-3715	74	4	has	have	AUX
fsr-3715	74	5	grown	grow	VERB
fsr-3715	74	6	rapidly	rapidly	ADV
fsr-3715	74	7	in	in	ADP
fsr-3715	74	8	the	the	DET
fsr-3715	74	9	united	united	ADJ
fsr-3715	74	10	kingdom	kingdom	NOUN
fsr-3715	74	11	in	in	ADP
fsr-3715	74	12	recent	recent	ADJ
fsr-3715	74	13	years	year	NOUN
fsr-3715	74	14	,	,	PUNCT
fsr-3715	74	15	posing	pose	VERB
fsr-3715	74	16	problems	problem	NOUN
fsr-3715	74	17	for	for	ADP
fsr-3715	74	18	individuals	individual	NOUN
fsr-3715	74	19	,	,	PUNCT
fsr-3715	74	20	families	family	NOUN
fsr-3715	74	21	and	and	CCONJ
fsr-3715	74	22	society	society	NOUN
fsr-3715	74	23	,	,	PUNCT
fsr-3715	74	24	little	little	ADJ
fsr-3715	74	25	empirical	empirical	ADJ
fsr-3715	74	26	research	research	NOUN
fsr-3715	74	27	has	have	AUX
fsr-3715	74	28	been	be	AUX
fsr-3715	74	29	conducted	conduct	VERB
fsr-3715	74	30	to	to	ADP
fsr-3715	74	31	date	date	NOUN
fsr-3715	74	32	on	on	ADP
fsr-3715	74	33	everyday	everyday	ADJ
fsr-3715	74	34	experiences	experience	NOUN
fsr-3715	74	35	of	of	ADP
fsr-3715	74	36	debt	debt	NOUN
fsr-3715	74	37	.	.	PUNCT
fsr-3715	75	1	the	the	DET
fsr-3715	75	2	present	present	ADJ
fsr-3715	75	3	paper	paper	NOUN
fsr-3715	75	4	reports	report	NOUN
fsr-3715	75	5	on	on	ADP
fsr-3715	75	6	the	the	DET
fsr-3715	75	7	findings	finding	NOUN
fsr-3715	75	8	of	of	ADP
fsr-3715	75	9	an	an	DET
fsr-3715	75	10	in	in	ADP
fsr-3715	75	11	-	-	PUNCT
fsr-3715	75	12	depth	depth	NOUN
fsr-3715	75	13	survey	survey	NOUN
fsr-3715	75	14	of	of	ADP
fsr-3715	75	15	the	the	DET
fsr-3715	75	16	social	social	ADJ
fsr-3715	75	17	,	,	PUNCT
fsr-3715	75	18	economic	economic	ADJ
fsr-3715	75	19	and	and	CCONJ
fsr-3715	75	20	psychological	psychological	ADJ
fsr-3715	75	21	factors	factor	NOUN
fsr-3715	75	22	related	relate	VERB
fsr-3715	75	23	to	to	ADP
fsr-3715	75	24	debt	debt	NOUN
fsr-3715	75	25	.	.	PUNCT
fsr-3715	76	1	discriminant	discriminant	PROPN
fsr-3715	76	2	function	function	VERB
fsr-3715	76	3	analysis	analysis	NOUN
fsr-3715	76	4	and	and	CCONJ
fsr-3715	76	5	multiple	multiple	ADJ
fsr-3715	76	6	regression	regression	NOUN
fsr-3715	76	7	analysis	analysis	NOUN
fsr-3715	76	8	were	be	AUX
fsr-3715	76	9	used	use	VERB
fsr-3715	76	10	to	to	PART
fsr-3715	76	11	address	address	VERB
fsr-3715	76	12	three	three	NUM
fsr-3715	76	13	questions	question	NOUN
fsr-3715	76	14	:	:	PUNCT
fsr-3715	76	15	what	what	PRON
fsr-3715	76	16	discriminates	discriminate	VERB
fsr-3715	76	17	debtors	debtor	NOUN
fsr-3715	76	18	from	from	ADP
fsr-3715	76	19	nondebtors	nondebtor	NOUN
fsr-3715	76	20	;	;	PUNCT
fsr-3715	76	21	what	what	PRON
fsr-3715	76	22	determines	determine	VERB
fsr-3715	76	23	how	how	SCONJ
fsr-3715	76	24	far	far	ADV
fsr-3715	76	25	people	people	NOUN
fsr-3715	76	26	get	get	VERB
fsr-3715	76	27	into	into	ADP
fsr-3715	76	28	debt	debt	NOUN
fsr-3715	76	29	;	;	PUNCT
fsr-3715	76	30	and	and	CCONJ
fsr-3715	76	31	what	what	PRON
fsr-3715	76	32	determines	determine	VERB
fsr-3715	76	33	how	how	SCONJ
fsr-3715	76	34	much	much	ADJ
fsr-3715	76	35	of	of	ADP
fsr-3715	76	36	their	their	PRON
fsr-3715	76	37	debts	debt	NOUN
fsr-3715	76	38	people	people	NOUN
fsr-3715	76	39	repay	repay	VERB
fsr-3715	76	40	?	?	PUNCT
fsr-3715	77	1	sociodemographic	sociodemographic	ADJ
fsr-3715	77	2	factors	factor	NOUN
fsr-3715	77	3	were	be	AUX
fsr-3715	77	4	found	find	VERB
fsr-3715	77	5	to	to	PART
fsr-3715	77	6	play	play	VERB
fsr-3715	77	7	a	a	DET
fsr-3715	77	8	relatively	relatively	ADV
fsr-3715	77	9	minor	minor	ADJ
fsr-3715	77	10	role	role	NOUN
fsr-3715	77	11	in	in	ADP
fsr-3715	77	12	personal	personal	ADJ
fsr-3715	77	13	debt	debt	NOUN
fsr-3715	77	14	and	and	CCONJ
fsr-3715	77	15	debt	debt	NOUN
fsr-3715	77	16	repayment	repayment	NOUN
fsr-3715	77	17	.	.	PUNCT
fsr-3715	78	1	disposable	disposable	ADJ
fsr-3715	78	2	income	income	NOUN
fsr-3715	78	3	did	do	AUX
fsr-3715	78	4	not	not	PART
fsr-3715	78	5	differ	differ	VERB
fsr-3715	78	6	between	between	ADP
fsr-3715	78	7	those	those	PRON
fsr-3715	78	8	in	in	ADP
fsr-3715	78	9	debt	debt	NOUN
fsr-3715	78	10	and	and	CCONJ
fsr-3715	78	11	not	not	PART
fsr-3715	78	12	in	in	ADP
fsr-3715	78	13	debt	debt	NOUN
fsr-3715	78	14	,	,	PUNCT
fsr-3715	78	15	although	although	SCONJ
fsr-3715	78	16	it	it	PRON
fsr-3715	78	17	predicted	predict	VERB
fsr-3715	78	18	how	how	SCONJ
fsr-3715	78	19	far	far	ADV
fsr-3715	78	20	people	people	NOUN
fsr-3715	78	21	abstracts	abstract	NOUN
fsr-3715	78	22	of	of	ADP
fsr-3715	78	23	articles	article	NOUN
fsr-3715	78	24	on	on	ADP
fsr-3715	78	25	individual	individual	ADJ
fsr-3715	78	26	financial	financial	ADJ
fsr-3715	78	27	mangement	mangement	NOUN
fsr-3715	78	28	161	161	NUM
fsr-3715	78	29	were	be	AUX
fsr-3715	78	30	in	in	ADP
fsr-3715	78	31	debt	debt	NOUN
fsr-3715	78	32	and	and	CCONJ
fsr-3715	78	33	was	be	AUX
fsr-3715	78	34	most	most	ADV
fsr-3715	78	35	important	important	ADJ
fsr-3715	78	36	in	in	ADP
fsr-3715	78	37	determining	determine	VERB
fsr-3715	78	38	debt	debt	NOUN
fsr-3715	78	39	repayment	repayment	NOUN
fsr-3715	78	40	.	.	PUNCT
fsr-3715	79	1	attitudinal	attitudinal	ADJ
fsr-3715	79	2	factors	factor	NOUN
fsr-3715	79	3	(	(	PUNCT
fsr-3715	79	4	being	be	AUX
fsr-3715	79	5	pro	pro	ADJ
fsr-3715	79	6	-	-	ADJ
fsr-3715	79	7	credit	credit	NOUN
fsr-3715	79	8	rather	rather	ADV
fsr-3715	79	9	than	than	ADP
fsr-3715	79	10	anti	anti	ADJ
fsr-3715	79	11	-	-	NOUN
fsr-3715	79	12	debt	debt	NOUN
fsr-3715	79	13	,	,	PUNCT
fsr-3715	79	14	or	or	CCONJ
fsr-3715	79	15	seeing	see	VERB
fsr-3715	79	16	credit	credit	NOUN
fsr-3715	79	17	as	as	ADP
fsr-3715	79	18	useful	useful	ADJ
fsr-3715	79	19	but	but	CCONJ
fsr-3715	79	20	prob	prob	NOUN
fsr-3715	79	21	lematic	lematic	PROPN
fsr-3715	79	22	)	)	PUNCT
fsr-3715	79	23	were	be	AUX
fsr-3715	79	24	found	find	VERB
fsr-3715	79	25	to	to	PART
fsr-3715	79	26	be	be	AUX
fsr-3715	79	27	important	important	ADJ
fsr-3715	79	28	predictors	predictor	NOUN
fsr-3715	79	29	of	of	ADP
fsr-3715	79	30	debt	debt	NOUN
fsr-3715	79	31	and	and	CCONJ
fsr-3715	79	32	debt	debt	NOUN
fsr-3715	79	33	repayments	repayment	NOUN
fsr-3715	79	34	.	.	PUNCT
fsr-3715	80	1	further	further	ADJ
fsr-3715	80	2	psychological	psychological	ADJ
fsr-3715	80	3	factors	factor	NOUN
fsr-3715	80	4	,	,	PUNCT
fsr-3715	80	5	focusing	focus	VERB
fsr-3715	80	6	on	on	ADP
fsr-3715	80	7	economic	economic	ADJ
fsr-3715	80	8	attributions	attribution	NOUN
fsr-3715	80	9	,	,	PUNCT
fsr-3715	80	10	locus	locus	NOUN
fsr-3715	80	11	of	of	ADP
fsr-3715	80	12	control	control	NOUN
fsr-3715	80	13	,	,	PUNCT
fsr-3715	80	14	coping	cope	VERB
fsr-3715	80	15	strategies	strategy	NOUN
fsr-3715	80	16	and	and	CCONJ
fsr-3715	80	17	consumer	consumer	NOUN
fsr-3715	80	18	pleasure	pleasure	NOUN
fsr-3715	80	19	were	be	AUX
fsr-3715	80	20	found	find	VERB
fsr-3715	80	21	to	to	PART
fsr-3715	80	22	be	be	AUX
fsr-3715	80	23	important	important	ADJ
fsr-3715	80	24	,	,	PUNCT
fsr-3715	80	25	and	and	CCONJ
fsr-3715	80	26	a	a	DET
fsr-3715	80	27	range	range	NOUN
fsr-3715	80	28	of	of	ADP
fsr-3715	80	29	specific	specific	ADJ
fsr-3715	80	30	economic	economic	ADJ
fsr-3715	80	31	practices	practice	NOUN
fsr-3715	80	32	were	be	AUX
fsr-3715	80	33	also	also	ADV
fsr-3715	80	34	related	relate	VERB
fsr-3715	80	35	to	to	ADP
fsr-3715	80	36	experiences	experience	NOUN
fsr-3715	80	37	of	of	ADP
fsr-3715	80	38	debt	debt	NOUN
fsr-3715	80	39	.	.	PUNCT
fsr-3715	81	1	journul	journul	PROPN
fsr-3715	81	2	ofeconomic	ofeconomic	ADJ
fsr-3715	81	3	psychology	psychology	NOUN
fsr-3715	81	4	,	,	PUNCT
fsr-3715	81	5	1992	1992	NUM
fsr-3715	81	6	,	,	PUNCT
fsr-3715	81	7	13	13	NUM
fsr-3715	81	8	:	:	SYM
fsr-3715	81	9	111	111	NUM
fsr-3715	81	10	-	-	SYM
fsr-3715	81	11	134	134	NUM
fsr-3715	81	12	.	.	PUNCT
fsr-3715	82	1	(	(	PUNCT
fsr-3715	82	2	reprinted	reprint	VERB
fsr-3715	82	3	with	with	ADP
fsr-3715	82	4	permission	permission	NOUN
fsr-3715	82	5	of	of	ADP
fsr-3715	82	6	north	north	NOUN
fsr-3715	82	7	-	-	PUNCT
fsr-3715	82	8	holland	holland	PROPN
fsr-3715	82	9	publishing	publishing	PROPN
fsr-3715	82	10	company	company	NOUN
fsr-3715	82	11	)	)	PUNCT
fsr-3715	82	12	.	.	PUNCT
fsr-3715	83	1	international	international	ADJ
fsr-3715	83	2	financial	financial	ADJ
fsr-3715	83	3	investment	investment	NOUN
fsr-3715	83	4	issues	issue	NOUN
fsr-3715	83	5	deviations	deviation	NOUN
fsr-3715	83	6	from	from	ADP
fsr-3715	83	7	purchasing	purchase	VERB
fsr-3715	83	8	power	power	NOUN
fsr-3715	83	9	parity	parity	NOUN
fsr-3715	83	10	and	and	CCONJ
fsr-3715	83	11	capital	capital	NOUN
fsr-3715	83	12	flows	flow	NOUN
fsr-3715	83	13	,	,	PUNCT
fsr-3715	83	14	by	by	ADP
fsr-3715	83	15	r.	r.	PROPN
fsr-3715	83	16	uppal	uppal	PROPN
fsr-3715	83	17	.	.	PUNCT
fsr-3715	84	1	this	this	DET
fsr-3715	84	2	article	article	NOUN
fsr-3715	84	3	examines	examine	VERB
fsr-3715	84	4	the	the	DET
fsr-3715	84	5	implications	implication	NOUN
fsr-3715	84	6	of	of	ADP
fsr-3715	84	7	deviations	deviation	NOUN
fsr-3715	84	8	from	from	ADP
fsr-3715	84	9	purchasing	purchase	VERB
fsr-3715	84	10	power	power	NOUN
fsr-3715	84	11	parity	parity	NOUN
fsr-3715	84	12	for	for	ADP
fsr-3715	84	13	an	an	DET
fsr-3715	84	14	investor	investor	NOUN
fsr-3715	84	15	’s	’s	PART
fsr-3715	84	16	portfolio	portfolio	NOUN
fsr-3715	84	17	decision	decision	NOUN
fsr-3715	84	18	and	and	CCONJ
fsr-3715	84	19	the	the	DET
fsr-3715	84	20	consequent	consequent	ADJ
fsr-3715	84	21	capital	capital	NOUN
fsr-3715	84	22	flows	flow	VERB
fsr-3715	84	23	in	in	ADP
fsr-3715	84	24	a	a	DET
fsr-3715	84	25	two	two	NUM
fsr-3715	84	26	-	-	PUNCT
fsr-3715	84	27	country	country	NOUN
fsr-3715	84	28	,	,	PUNCT
fsr-3715	84	29	intertemporal	intertemporal	ADJ
fsr-3715	84	30	model	model	NOUN
fsr-3715	84	31	with	with	ADP
fsr-3715	84	32	complete	complete	ADJ
fsr-3715	84	33	financial	financial	ADJ
fsr-3715	84	34	markets	market	NOUN
fsr-3715	84	35	.	.	PUNCT
fsr-3715	85	1	in	in	ADP
fsr-3715	85	2	the	the	DET
fsr-3715	85	3	presence	presence	NOUN
fsr-3715	85	4	of	of	ADP
fsr-3715	85	5	deviations	deviation	NOUN
fsr-3715	85	6	from	from	ADP
fsr-3715	85	7	purchasing	purchase	VERB
fsr-3715	85	8	power	power	NOUN
fsr-3715	85	9	parity	parity	NOUN
fsr-3715	85	10	,	,	PUNCT
fsr-3715	85	11	investors	investor	NOUN
fsr-3715	85	12	from	from	ADP
fsr-3715	85	13	different	different	ADJ
fsr-3715	85	14	nations	nation	NOUN
fsr-3715	85	15	hold	hold	VERB
fsr-3715	85	16	disparate	disparate	ADJ
fsr-3715	85	17	portfolios	portfolio	NOUN
fsr-3715	85	18	and	and	CCONJ
fsr-3715	85	19	the	the	DET
fsr-3715	85	20	equilibrium	equilibrium	NOUN
fsr-3715	85	21	that	that	PRON
fsr-3715	85	22	results	result	VERB
fsr-3715	85	23	is	be	AUX
fsr-3715	85	24	not	not	PART
fsr-3715	85	25	a	a	DET
fsr-3715	85	26	pooling	pool	VERB
fsr-3715	85	27	one	one	NUM
fsr-3715	85	28	.	.	PUNCT
fsr-3715	86	1	the	the	DET
fsr-3715	86	2	author	author	NOUN
fsr-3715	86	3	solves	solve	VERB
fsr-3715	86	4	explicitly	explicitly	ADV
fsr-3715	86	5	for	for	ADP
fsr-3715	86	6	asset	asset	NOUN
fsr-3715	86	7	demands	demand	NOUN
fsr-3715	86	8	and	and	CCONJ
fsr-3715	86	9	derives	derive	VERB
fsr-3715	86	10	the	the	DET
fsr-3715	86	11	relationship	relationship	NOUN
fsr-3715	86	12	between	between	ADP
fsr-3715	86	13	the	the	DET
fsr-3715	86	14	direc	direc	PROPN
fsr-3715	86	15	tion	tion	NOUN
fsr-3715	86	16	of	of	ADP
fsr-3715	86	17	capital	capital	NOUN
fsr-3715	86	18	flows	flow	NOUN
fsr-3715	86	19	and	and	CCONJ
fsr-3715	86	20	deviations	deviation	NOUN
fsr-3715	86	21	from	from	ADP
fsr-3715	86	22	purchasing	purchase	VERB
fsr-3715	86	23	power	power	NOUN
fsr-3715	86	24	parity	parity	NOUN
fsr-3715	86	25	.	.	PUNCT
fsr-3715	87	1	in	in	ADP
fsr-3715	87	2	contrast	contrast	NOUN
fsr-3715	87	3	to	to	ADP
fsr-3715	87	4	the	the	DET
fsr-3715	87	5	small	small	ADJ
fsr-3715	87	6	country	country	NOUN
fsr-3715	87	7	assumption	assumption	NOUN
fsr-3715	87	8	in	in	ADP
fsr-3715	87	9	the	the	DET
fsr-3715	87	10	existing	exist	VERB
fsr-3715	87	11	literature	literature	NOUN
fsr-3715	87	12	,	,	PUNCT
fsr-3715	87	13	the	the	DET
fsr-3715	87	14	world	world	NOUN
fsr-3715	87	15	interest	interest	NOUN
fsr-3715	87	16	rate	rate	NOUN
fsr-3715	87	17	in	in	ADP
fsr-3715	87	18	this	this	DET
fsr-3715	87	19	model	model	NOUN
fsr-3715	87	20	is	be	AUX
fsr-3715	87	21	determined	determine	VERB
fsr-3715	87	22	endogenously	endogenously	ADV
fsr-3715	87	23	.	.	PUNCT
fsr-3715	88	1	journal	journal	NOUN
fsr-3715	88	2	of	of	ADP
fsr-3715	88	3	international	international	ADJ
fsr-3715	88	4	money	money	NOUN
fsr-3715	88	5	and	and	CCONJ
fsr-3715	88	6	finance	finance	NOUN
fsr-3715	88	7	,	,	PUNCT
fsr-3715	88	8	april	april	PROPN
fsr-3715	88	9	1992,l	1992,l	NUM
fsr-3715	89	1	l(2	l(2	NOUN
fsr-3715	89	2	):	):	PUNCT
fsr-3715	89	3	126	126	NUM
fsr-3715	89	4	-	-	SYM
fsr-3715	89	5	144	144	NUM
fsr-3715	89	6	.	.	PUNCT
fsr-3715	90	1	(	(	PUNCT
fsr-3715	90	2	reprinted	reprint	VERB
fsr-3715	90	3	with	with	ADP
fsr-3715	90	4	permission	permission	NOUN
fsr-3715	90	5	of	of	ADP
fsr-3715	90	6	the	the	DET
fsr-3715	90	7	journal	journal	NOUN
fsr-3715	90	8	ofeconomic	ofeconomic	PROPN
fsr-3715	90	9	literature	literature	NOUN
fsr-3715	90	10	.	.	PUNCT
fsr-3715	90	11	)	)	PUNCT
fsr-3715	91	1	portfolio	portfolio	NOUN
fsr-3715	91	2	preference	preference	NOUN
fsr-3715	91	3	uncertainty	uncertainty	NOUN
fsr-3715	91	4	and	and	CCONJ
fsr-3715	91	5	gains	gain	NOUN
fsr-3715	91	6	from	from	ADP
fsr-3715	91	7	policy	policy	NOUN
fsr-3715	91	8	coordination	coordination	NOUN
fsr-3715	91	9	,	,	PUNCT
fsr-3715	91	10	by	by	ADP
fsr-3715	91	11	p.	p.	PROPN
fsr-3715	91	12	r.	r.	PROPN
fsr-3715	91	13	masson	masson	PROPN
fsr-3715	91	14	.	.	PUNCT
fsr-3715	92	1	international	international	ADJ
fsr-3715	92	2	policy	policy	NOUN
fsr-3715	92	3	coordination	coordination	NOUN
fsr-3715	92	4	is	be	AUX
fsr-3715	92	5	generally	generally	ADV
fsr-3715	92	6	considered	consider	VERB
fsr-3715	92	7	to	to	PART
fsr-3715	92	8	be	be	AUX
fsr-3715	92	9	made	make	VERB
fsr-3715	92	10	less	less	ADV
fsr-3715	92	11	likely	likely	ADJ
fsr-3715	92	12	-	-	PUNCT
fsr-3715	92	13	and	and	CCONJ
fsr-3715	92	14	less	less	ADV
fsr-3715	92	15	profitable	profitable	ADJ
fsr-3715	92	16	-	-	PUNCT
fsr-3715	92	17	by	by	ADP
fsr-3715	92	18	uncertainty	uncertainty	NOUN
fsr-3715	92	19	about	about	ADP
fsr-3715	92	20	how	how	SCONJ
fsr-3715	92	21	the	the	DET
fsr-3715	92	22	economy	economy	NOUN
fsr-3715	92	23	works	work	VERB
fsr-3715	92	24	.	.	PUNCT
fsr-3715	93	1	this	this	DET
fsr-3715	93	2	paper	paper	NOUN
fsr-3715	93	3	offers	offer	VERB
fsr-3715	93	4	a	a	DET
fsr-3715	93	5	counter	counter	ADJ
fsr-3715	93	6	example	example	NOUN
fsr-3715	93	7	in	in	ADP
fsr-3715	93	8	which	which	PRON
fsr-3715	93	9	investors	investor	NOUN
fsr-3715	93	10	’	'	PUNCT
fsr-3715	93	11	increased	increase	VERB
fsr-3715	93	12	uncertainty	uncertainty	NOUN
fsr-3715	93	13	about	about	ADP
fsr-3715	93	14	portfolio	portfolio	NOUN
fsr-3715	93	15	preference	preference	NOUN
fsr-3715	93	16	makes	make	VERB
fsr-3715	93	17	coordination	coordination	NOUN
fsr-3715	93	18	more	more	ADV
fsr-3715	93	19	beneficial	beneficial	ADJ
fsr-3715	93	20	.	.	PUNCT
fsr-3715	94	1	without	without	ADP
fsr-3715	94	2	such	such	ADJ
fsr-3715	94	3	coordina	coordina	PROPN
fsr-3715	94	4	tion	tion	NOUN
fsr-3715	94	5	,	,	PUNCT
fsr-3715	94	6	monetary	monetary	ADJ
fsr-3715	94	7	authorities	authority	NOUN
fsr-3715	94	8	may	may	AUX
fsr-3715	94	9	respond	respond	VERB
fsr-3715	94	10	to	to	ADP
fsr-3715	94	11	financial	financial	ADJ
fsr-3715	94	12	market	market	NOUN
fsr-3715	94	13	uncertainty	uncertainty	NOUN
fsr-3715	94	14	by	by	ADP
fsr-3715	94	15	not	not	PART
fsr-3715	94	16	fully	fully	ADV
fsr-3715	94	17	accommodating	accommodate	VERB
fsr-3715	94	18	demands	demand	NOUN
fsr-3715	94	19	for	for	ADP
fsr-3715	94	20	increased	increase	VERB
fsr-3715	94	21	liquidity	liquidity	NOUN
fsr-3715	94	22	for	for	ADP
fsr-3715	94	23	fear	fear	NOUN
fsr-3715	94	24	of	of	ADP
fsr-3715	94	25	inducing	induce	VERB
fsr-3715	94	26	exchange	exchange	NOUN
fsr-3715	94	27	rate	rate	NOUN
fsr-3715	94	28	depreciation	depreciation	NOUN
fsr-3715	94	29	.	.	PUNCT
fsr-3715	95	1	coordinated	coordinate	VERB
fsr-3715	95	2	monetary	monetary	ADJ
fsr-3715	95	3	expansion	expansion	NOUN
fsr-3715	95	4	would	would	AUX
fsr-3715	95	5	minimize	minimize	VERB
fsr-3715	95	6	this	this	DET
fsr-3715	95	7	danger	danger	NOUN
fsr-3715	95	8	.	.	PUNCT
fsr-3715	96	1	this	this	DET
fsr-3715	96	2	result	result	NOUN
fsr-3715	96	3	is	be	AUX
fsr-3715	96	4	formalized	formalize	VERB
fsr-3715	96	5	in	in	ADP
fsr-3715	96	6	a	a	DET
fsr-3715	96	7	model	model	NOUN
fsr-3715	96	8	incorporating	incorporate	VERB
fsr-3715	96	9	an	an	DET
fsr-3715	96	10	equity	equity	NOUN
fsr-3715	96	11	market	market	NOUN
fsr-3715	96	12	;	;	PUNCT
fsr-3715	96	13	then	then	ADV
fsr-3715	96	14	,	,	PUNCT
fsr-3715	96	15	the	the	DET
fsr-3715	96	16	stock	stock	NOUN
fsr-3715	96	17	market	market	NOUN
fsr-3715	96	18	crash	crash	NOUN
fsr-3715	96	19	of	of	ADP
fsr-3715	96	20	october	october	PROPN
fsr-3715	96	21	1987	1987	NUM
fsr-3715	96	22	and	and	CCONJ
fsr-3715	96	23	its	its	PRON
fsr-3715	96	24	implications	implication	NOUN
fsr-3715	96	25	for	for	ADP
fsr-3715	96	26	monetary	monetary	ADJ
fsr-3715	96	27	policy	policy	NOUN
fsr-3715	96	28	coordination	coordination	NOUN
fsr-3715	96	29	are	be	AUX
fsr-3715	96	30	discussed	discuss	VERB
fsr-3715	96	31	.	.	PUNCT
fsr-3715	97	1	international	international	ADJ
fsr-3715	97	2	monetary	monetary	ADJ
fsr-3715	97	3	fund	fund	PROPN
fsr-3715	97	4	stafs	stafs	ADJ
fsr-3715	97	5	papers	paper	NOUN
fsr-3715	97	6	,	,	PUNCT
fsr-3715	97	7	march	march	PROPN
fsr-3715	97	8	1992	1992	NUM
fsr-3715	97	9	,	,	PUNCT
fsr-3715	97	10	39(l	39(l	NUM
fsr-3715	97	11	):	):	PUNCT
fsr-3715	97	12	101	101	NUM
fsr-3715	97	13	-	-	SYM
fsr-3715	97	14	120	120	NUM
fsr-3715	97	15	.	.	PUNCT
fsr-3715	98	1	(	(	PUNCT
fsr-3715	98	2	reprinted	reprint	VERB
fsr-3715	98	3	with	with	ADP
fsr-3715	98	4	permission	permission	NOUN
fsr-3715	98	5	of	of	ADP
fsr-3715	98	6	the	the	DET
fsr-3715	98	7	journal	journal	NOUN
fsr-3715	98	8	of	of	ADP
fsr-3715	98	9	economic	economic	ADJ
fsr-3715	98	10	literature	literature	NOUN
fsr-3715	98	11	.	.	PUNCT
fsr-3715	98	12	)	)	PUNCT
fsr-3715	99	1	162	162	NUM
fsr-3715	99	2	ftnancialservicesreview,2(2	ftnancialservicesreview,2(2	NOUN
fsr-3715	99	3	)	)	PUNCT
fsr-3715	99	4	1993	1993	NUM
fsr-3715	99	5	determinants	determinant	NOUN
fsr-3715	99	6	of	of	ADP
fsr-3715	99	7	international	international	ADJ
fsr-3715	99	8	financial	financial	ADJ
fsr-3715	99	9	services	service	NOUN
fsr-3715	99	10	,	,	PUNCT
fsr-3715	99	11	by	by	ADP
fsr-3715	99	12	fariborz	fariborz	ADJ
fsr-3715	99	13	moshirian	moshirian	PROPN
fsr-3715	99	14	(	(	PUNCT
fsr-3715	99	15	the	the	DET
fsr-3715	99	16	university	university	NOUN
fsr-3715	99	17	of	of	ADP
fsr-3715	99	18	new	new	ADJ
fsr-3715	99	19	south	south	PROPN
fsr-3715	99	20	wales	wales	PROPN
fsr-3715	99	21	,	,	PUNCT
fsr-3715	99	22	sydney	sydney	PROPN
fsr-3715	99	23	,	,	PUNCT
fsr-3715	99	24	australia	australia	PROPN
fsr-3715	99	25	)	)	PUNCT
fsr-3715	99	26	.	.	PUNCT
fsr-3715	100	1	this	this	DET
fsr-3715	100	2	paper	paper	NOUN
fsr-3715	100	3	analyzes	analyze	VERB
fsr-3715	100	4	the	the	DET
fsr-3715	100	5	determinants	determinant	NOUN
fsr-3715	100	6	of	of	ADP
fsr-3715	100	7	international	international	ADJ
fsr-3715	100	8	financial	financial	ADJ
fsr-3715	100	9	services	service	NOUN
fsr-3715	100	10	.	.	PUNCT
fsr-3715	101	1	it	it	PRON
fsr-3715	101	2	argues	argue	VERB
fsr-3715	101	3	that	that	SCONJ
fsr-3715	101	4	the	the	DET
fsr-3715	101	5	main	main	ADJ
fsr-3715	101	6	difficulty	difficulty	NOUN
fsr-3715	101	7	in	in	ADP
fsr-3715	101	8	obtaining	obtain	VERB
fsr-3715	101	9	data	datum	NOUN
fsr-3715	101	10	about	about	ADP
fsr-3715	101	11	international	international	ADJ
fsr-3715	101	12	financial	financial	ADJ
fsr-3715	101	13	services	service	NOUN
fsr-3715	101	14	is	be	AUX
fsr-3715	101	15	the	the	DET
fsr-3715	101	16	consequence	consequence	NOUN
fsr-3715	101	17	of	of	ADP
fsr-3715	101	18	the	the	DET
fsr-3715	101	19	current	current	ADJ
fsr-3715	101	20	treatment	treatment	NOUN
fsr-3715	101	21	of	of	ADP
fsr-3715	101	22	financial	financial	ADJ
fsr-3715	101	23	services	service	NOUN
fsr-3715	101	24	in	in	ADP
fsr-3715	101	25	the	the	DET
fsr-3715	101	26	system	system	NOUN
fsr-3715	101	27	of	of	ADP
fsr-3715	101	28	national	national	ADJ
fsr-3715	101	29	accounts	account	NOUN
fsr-3715	101	30	(	(	PUNCT
fsr-3715	101	31	sna	sna	PROPN
fsr-3715	101	32	)	)	PUNCT
fsr-3715	101	33	of	of	ADP
fsr-3715	101	34	the	the	DET
fsr-3715	101	35	united	united	PROPN
fsr-3715	101	36	nations	nations	PROPN
fsr-3715	101	37	which	which	PRON
fsr-3715	101	38	treats	treat	VERB
fsr-3715	101	39	the	the	DET
fsr-3715	101	40	imputed	impute	VERB
fsr-3715	101	41	service	service	NOUN
fsr-3715	101	42	charge	charge	NOUN
fsr-3715	101	43	as	as	ADP
fsr-3715	101	44	‘	'	PUNCT
fsr-3715	101	45	intermediate	intermediate	ADJ
fsr-3715	101	46	consumption	consumption	NOUN
fsr-3715	101	47	of	of	ADP
fsr-3715	101	48	industries	industry	NOUN
fsr-3715	101	49	.	.	PUNCT
fsr-3715	101	50	’	'	PUNCT
fsr-3715	102	1	the	the	DET
fsr-3715	102	2	empirical	empirical	ADJ
fsr-3715	102	3	results	result	NOUN
fsr-3715	102	4	of	of	ADP
fsr-3715	102	5	import	import	NOUN
fsr-3715	102	6	and	and	CCONJ
fsr-3715	102	7	export	export	NOUN
fsr-3715	102	8	demands	demand	NOUN
fsr-3715	102	9	for	for	ADP
fsr-3715	102	10	financial	financial	ADJ
fsr-3715	102	11	services	service	NOUN
fsr-3715	102	12	indicate	indicate	VERB
fsr-3715	102	13	that	that	SCONJ
fsr-3715	102	14	disposable	disposable	ADJ
fsr-3715	102	15	income	income	NOUN
fsr-3715	102	16	,	,	PUNCT
fsr-3715	102	17	domestic	domestic	ADJ
fsr-3715	102	18	and	and	CCONJ
fsr-3715	102	19	foreign	foreign	ADJ
fsr-3715	102	20	price	price	NOUN
fsr-3715	102	21	of	of	ADP
fsr-3715	102	22	financial	financial	ADJ
fsr-3715	102	23	services	service	NOUN
fsr-3715	102	24	are	be	AUX
fsr-3715	102	25	the	the	DET
fsr-3715	102	26	important	important	ADJ
fsr-3715	102	27	determinants	determinant	NOUN
fsr-3715	102	28	of	of	ADP
fsr-3715	102	29	international	international	ADJ
fsr-3715	102	30	financial	financial	ADJ
fsr-3715	102	31	services	service	NOUN
fsr-3715	102	32	flows	flow	VERB
fsr-3715	102	33	.	.	PUNCT
fsr-3715	103	1	journaz	journaz	PROPN
fsr-3715	103	2	of	of	ADP
fsr-3715	103	3	bunking	bunk	VERB
fsr-3715	103	4	and	and	CCONJ
fsr-3715	103	5	finance	finance	NOUN
fsr-3715	103	6	,	,	PUNCT
fsr-3715	103	7	february	february	PROPN
fsr-3715	103	8	1993	1993	NUM
fsr-3715	103	9	,	,	PUNCT
fsr-3715	103	10	17	17	NUM
fsr-3715	103	11	(	(	PUNCT
fsr-3715	103	12	1	1	NUM
fsr-3715	103	13	):	):	PUNCT
fsr-3715	103	14	7	7	NUM
fsr-3715	103	15	-	-	SYM
fsr-3715	103	16	18	18	NUM
fsr-3715	103	17	.	.	PUNCT
fsr-3715	104	1	(	(	PUNCT
fsr-3715	104	2	reprinted	reprint	VERB
fsr-3715	104	3	with	with	ADP
fsr-3715	104	4	permission	permission	NOUN
fsr-3715	104	5	of	of	ADP
fsr-3715	104	6	north	north	NOUN
fsr-3715	104	7	-	-	PUNCT
fsr-3715	104	8	holland	holland	PROPN
fsr-3715	104	9	publishing	publishing	NOUN
fsr-3715	104	10	com	com	NOUN
fsr-3715	104	11	pany	pany	NOUN
fsr-3715	104	12	*	*	PUNCT
fsr-3715	104	13	)	)	PUNCT
fsr-3715	104	14	optimal	optimal	ADJ
fsr-3715	104	15	portfolio	portfolio	NOUN
fsr-3715	104	16	selection	selection	NOUN
fsr-3715	104	17	without	without	ADP
fsr-3715	104	18	short	short	ADJ
fsr-3715	104	19	sales	sale	NOUN
fsr-3715	104	20	under	under	ADP
fsr-3715	104	21	the	the	DET
fsr-3715	104	22	full	full	ADJ
fsr-3715	104	23	information	information	NOUN
fsr-3715	104	24	covariance	covariance	NOUN
fsr-3715	104	25	structure	structure	NOUN
fsr-3715	104	26	:	:	PUNCT
fsr-3715	104	27	a	a	DET
fsr-3715	104	28	pedagogic	pedagogic	ADJ
fsr-3715	104	29	consideration	consideration	NOUN
fsr-3715	104	30	,	,	PUNCT
fsr-3715	104	31	by	by	ADP
fsr-3715	104	32	clarence	clarence	PROPN
fsr-3715	104	33	c.	c.	PROPN
fsr-3715	104	34	y.	y.	PROPN
fsr-3715	104	35	kwan	kwan	PROPN
fsr-3715	104	36	and	and	CCONJ
fsr-3715	104	37	yufei	yufei	PROPN
fsr-3715	104	38	yuan	yuan	PROPN
fsr-3715	104	39	(	(	PUNCT
fsr-3715	104	40	mcmaster	mcmaster	PROPN
fsr-3715	104	41	university	university	PROPN
fsr-3715	104	42	,	,	PUNCT
fsr-3715	104	43	hamilton	hamilton	PROPN
fsr-3715	104	44	,	,	PUNCT
fsr-3715	104	45	canada	canada	PROPN
fsr-3715	104	46	)	)	PUNCT
fsr-3715	104	47	.	.	PUNCT
fsr-3715	105	1	this	this	DET
fsr-3715	105	2	study	study	NOUN
fsr-3715	105	3	considers	consider	VERB
fsr-3715	105	4	a	a	DET
fsr-3715	105	5	portfolio	portfolio	NOUN
fsr-3715	105	6	optimization	optimization	NOUN
fsr-3715	105	7	problem	problem	NOUN
fsr-3715	105	8	without	without	ADP
fsr-3715	105	9	short	short	ADJ
fsr-3715	105	10	sales	sale	NOUN
fsr-3715	105	11	under	under	ADP
fsr-3715	105	12	the	the	DET
fsr-3715	105	13	full	full	ADJ
fsr-3715	105	14	-	-	PUNCT
fsr-3715	105	15	information	information	NOUN
fsr-3715	105	16	covariance	covariance	NOUN
fsr-3715	105	17	structure	structure	NOUN
fsr-3715	105	18	of	of	ADP
fsr-3715	105	19	security	security	NOUN
fsr-3715	105	20	returns	return	NOUN
fsr-3715	105	21	from	from	ADP
fsr-3715	105	22	a	a	DET
fsr-3715	105	23	pedagogic	pedagogic	ADJ
fsr-3715	105	24	perspective	perspective	NOUN
fsr-3715	105	25	.	.	PUNCT
fsr-3715	106	1	by	by	ADP
fsr-3715	106	2	applying	apply	VERB
fsr-3715	106	3	markowitz	markowitz	PROPN
fsr-3715	106	4	’s	’s	PART
fsr-3715	106	5	(	(	PUNCT
fsr-3715	106	6	1956	1956	NUM
fsr-3715	106	7	,	,	PUNCT
fsr-3715	106	8	1959,1987	1959,1987	NUM
fsr-3715	106	9	)	)	PUNCT
fsr-3715	106	10	critical	critical	ADJ
fsr-3715	106	11	line	line	NOUN
fsr-3715	106	12	algorithm	algorithm	NOUN
fsr-3715	106	13	to	to	PART
fsr-3715	106	14	lintner	lintner	VERB
fsr-3715	106	15	(	(	PUNCT
fsr-3715	106	16	1965	1965	NUM
fsr-3715	106	17	)	)	PUNCT
fsr-3715	106	18	tangency	tangency	NOUN
fsr-3715	106	19	portfolios	portfolio	NOUN
fsr-3715	106	20	,	,	PUNCT
fsr-3715	106	21	it	it	PRON
fsr-3715	106	22	offers	offer	VERB
fsr-3715	106	23	a	a	DET
fsr-3715	106	24	solution	solution	NOUN
fsr-3715	106	25	method	method	NOUN
fsr-3715	106	26	which	which	PRON
fsr-3715	106	27	is	be	AUX
fsr-3715	106	28	algebraically	algebraically	ADV
fsr-3715	106	29	simpler	simple	ADJ
fsr-3715	106	30	than	than	ADP
fsr-3715	106	31	markowitz	markowitz	PROPN
fsr-3715	106	32	’s	’s	PART
fsr-3715	106	33	original	original	ADJ
fsr-3715	106	34	formulation	formulation	NOUN
fsr-3715	106	35	.	.	PUNCT
fsr-3715	107	1	it	it	PRON
fsr-3715	107	2	also	also	ADV
fsr-3715	107	3	illustrates	illustrate	VERB
fsr-3715	107	4	that	that	SCONJ
fsr-3715	107	5	the	the	DET
fsr-3715	107	6	use	use	NOUN
fsr-3715	107	7	of	of	ADP
fsr-3715	107	8	spreadsheets	spreadsheet	NOUN
fsr-3715	107	9	is	be	AUX
fsr-3715	107	10	a	a	DET
fsr-3715	107	11	convenient	convenient	ADJ
fsr-3715	107	12	alternative	alternative	NOUN
fsr-3715	107	13	to	to	ADP
fsr-3715	107	14	traditional	traditional	ADJ
fsr-3715	107	15	forms	form	NOUN
fsr-3715	107	16	of	of	ADP
fsr-3715	107	17	computer	computer	NOUN
fsr-3715	107	18	program	program	NOUN
fsr-3715	107	19	ming	ming	NOUN
fsr-3715	107	20	in	in	ADP
fsr-3715	107	21	the	the	DET
fsr-3715	107	22	implementation	implementation	NOUN
fsr-3715	107	23	of	of	ADP
fsr-3715	107	24	a	a	DET
fsr-3715	107	25	small	small	ADJ
fsr-3715	107	26	-	-	PUNCT
fsr-3715	107	27	scale	scale	NOUN
fsr-3715	107	28	analysis	analysis	NOUN
fsr-3715	107	29	on	on	ADP
fsr-3715	107	30	microcomputers	microcomputer	NOUN
fsr-3715	107	31	.	.	PUNCT
fsr-3715	108	1	doing	do	VERB
fsr-3715	108	2	so	so	ADV
fsr-3715	108	3	makes	make	VERB
fsr-3715	108	4	the	the	DET
fsr-3715	108	5	markowitz	markowitz	NOUN
fsr-3715	108	6	analysis	analysis	NOUN
fsr-3715	108	7	more	more	ADV
fsr-3715	108	8	accessible	accessible	ADJ
fsr-3715	108	9	to	to	PART
fsr-3715	108	10	finance	finance	VERB
fsr-3715	108	11	students	student	NOUN
fsr-3715	108	12	and	and	CCONJ
fsr-3715	108	13	practitioners	practitioner	NOUN
fsr-3715	108	14	in	in	ADP
fsr-3715	108	15	portfolio	portfolio	NOUN
fsr-3715	108	16	management	management	NOUN
fsr-3715	108	17	.	.	PUNCT
fsr-3715	109	1	journul	journul	PROPN
fsr-3715	109	2	of	of	ADP
fsr-3715	109	3	economics	economic	NOUN
fsr-3715	109	4	and	and	CCONJ
fsr-3715	109	5	business	business	NOUN
fsr-3715	109	6	,	,	PUNCT
fsr-3715	109	7	february	february	PROPN
fsr-3715	109	8	1993	1993	NUM
fsr-3715	109	9	,	,	PUNCT
fsr-3715	109	10	45	45	NUM
fsr-3715	109	11	(	(	PUNCT
fsr-3715	109	12	1	1	NUM
fsr-3715	109	13	):	):	PUNCT
fsr-3715	109	14	91	91	NUM
fsr-3715	109	15	-	-	SYM
fsr-3715	109	16	98	98	NUM
fsr-3715	109	17	.	.	PUNCT
fsr-3715	110	1	(	(	PUNCT
fsr-3715	110	2	reprinted	reprint	VERB
fsr-3715	110	3	with	with	ADP
fsr-3715	110	4	permission	permission	NOUN
fsr-3715	110	5	of	of	ADP
fsr-3715	110	6	the	the	DET
fsr-3715	110	7	journal	journal	NOUN
fsr-3715	110	8	of	of	ADP
fsr-3715	110	9	economics	economic	NOUN
fsr-3715	110	10	and	and	CCONJ
fsr-3715	110	11	busi	busi	VERB
fsr-3715	110	12	ness	ness	ADJ
fsr-3715	110	13	.	.	PUNCT
fsr-3715	110	14	)	)	PUNCT
fsr-3715	111	1	stock	stock	NOUN
fsr-3715	111	2	prices	price	NOUN
fsr-3715	111	3	and	and	CCONJ
fsr-3715	111	4	bond	bond	NOUN
fsr-3715	111	5	yields	yield	NOUN
fsr-3715	111	6	:	:	PUNCT
fsr-3715	111	7	can	can	AUX
fsr-3715	111	8	their	their	PRON
fsr-3715	111	9	comovements	comovement	NOUN
fsr-3715	111	10	be	be	AUX
fsr-3715	111	11	explained	explain	VERB
fsr-3715	111	12	in	in	ADP
fsr-3715	111	13	terms	term	NOUN
fsr-3715	111	14	of	of	ADP
fsr-3715	111	15	present	present	ADJ
fsr-3715	111	16	value	value	NOUN
fsr-3715	111	17	models	model	NOUN
fsr-3715	111	18	?	?	PUNCT
fsr-3715	111	19	,	,	PUNCT
fsr-3715	111	20	by	by	ADP
fsr-3715	111	21	robert	robert	PROPN
fsr-3715	111	22	j.	j.	PROPN
fsr-3715	111	23	shiller	shiller	PROPN
fsr-3715	111	24	(	(	PUNCT
fsr-3715	111	25	yale	yale	PROPN
fsr-3715	111	26	univer	univer	PROPN
fsr-3715	111	27	sity	sity	NOUN
fsr-3715	111	28	)	)	PUNCT
fsr-3715	111	29	and	and	CCONJ
fsr-3715	111	30	andrea	andrea	PROPN
fsr-3715	111	31	e.	e.	PROPN
fsr-3715	111	32	beltratti	beltratti	PROPN
fsr-3715	111	33	(	(	PUNCT
fsr-3715	111	34	university	university	PROPN
fsr-3715	111	35	of	of	ADP
fsr-3715	111	36	turin	turin	PROPN
fsr-3715	111	37	,	,	PUNCT
fsr-3715	111	38	italy	italy	PROPN
fsr-3715	111	39	)	)	PUNCT
fsr-3715	111	40	.	.	PUNCT
fsr-3715	112	1	real	real	ADJ
fsr-3715	112	2	stock	stock	NOUN
fsr-3715	112	3	prices	price	NOUN
fsr-3715	112	4	do	do	AUX
fsr-3715	112	5	not	not	PART
fsr-3715	112	6	show	show	VERB
fsr-3715	112	7	the	the	DET
fsr-3715	112	8	relation	relation	NOUN
fsr-3715	112	9	to	to	ADP
fsr-3715	112	10	long	long	ADJ
fsr-3715	112	11	-	-	PUNCT
fsr-3715	112	12	term	term	NOUN
fsr-3715	112	13	interest	interest	NOUN
fsr-3715	112	14	rates	rate	NOUN
fsr-3715	112	15	that	that	PRON
fsr-3715	112	16	a	a	DET
fsr-3715	112	17	simple	simple	ADJ
fsr-3715	112	18	rational	rational	ADJ
fsr-3715	112	19	expectations	expectation	NOUN
fsr-3715	112	20	present	present	ADJ
fsr-3715	112	21	value	value	NOUN
fsr-3715	112	22	model	model	NOUN
fsr-3715	112	23	would	would	AUX
fsr-3715	112	24	imply	imply	VERB
fsr-3715	112	25	.	.	PUNCT
fsr-3715	113	1	real	real	ADJ
fsr-3715	113	2	stock	stock	NOUN
fsr-3715	113	3	prices	price	NOUN
fsr-3715	113	4	drop	drop	VERB
fsr-3715	113	5	when	when	SCONJ
fsr-3715	113	6	long	long	ADJ
fsr-3715	113	7	-	-	PUNCT
fsr-3715	113	8	term	term	NOUN
fsr-3715	113	9	interest	interest	NOUN
fsr-3715	113	10	rates	rate	NOUN
fsr-3715	113	11	rise	rise	VERB
fsr-3715	113	12	(	(	PUNCT
fsr-3715	113	13	and	and	CCONJ
fsr-3715	113	14	rise	rise	VERB
fsr-3715	113	15	when	when	SCONJ
fsr-3715	113	16	they	they	PRON
fsr-3715	113	17	fall	fall	VERB
fsr-3715	113	18	)	)	PUNCT
fsr-3715	113	19	more	more	ADJ
fsr-3715	113	20	than	than	SCONJ
fsr-3715	113	21	would	would	AUX
fsr-3715	113	22	be	be	AUX
fsr-3715	113	23	implied	imply	VERB
fsr-3715	113	24	by	by	ADP
fsr-3715	113	25	this	this	DET
fsr-3715	113	26	vector	vector	NOUN
fsr-3715	113	27	autoregression	autoregression	NOUN
fsr-3715	113	28	model	model	NOUN
fsr-3715	113	29	.	.	PUNCT
fsr-3715	114	1	in	in	ADP
fsr-3715	114	2	contrast	contrast	NOUN
fsr-3715	114	3	,	,	PUNCT
fsr-3715	114	4	over	over	ADP
fsr-3715	114	5	the	the	DET
fsr-3715	114	6	last	last	ADJ
fsr-3715	114	7	century	century	NOUN
fsr-3715	114	8	changes	change	NOUN
fsr-3715	114	9	in	in	ADP
fsr-3715	114	10	real	real	ADJ
fsr-3715	114	11	stock	stock	NOUN
fsr-3715	114	12	prices	price	NOUN
fsr-3715	114	13	have	have	AUX
fsr-3715	114	14	shown	show	VERB
fsr-3715	114	15	little	little	ADJ
fsr-3715	114	16	correlation	correlation	NOUN
fsr-3715	114	17	with	with	ADP
fsr-3715	114	18	changes	change	NOUN
fsr-3715	114	19	in	in	ADP
fsr-3715	114	20	inflation	inflation	NOUN
fsr-3715	114	21	abstracts	abstract	NOUN
fsr-3715	114	22	of	of	ADP
fsr-3715	114	23	articles	article	NOUN
fsr-3715	114	24	on	on	ADP
fsr-3715	114	25	individual	individual	ADJ
fsr-3715	114	26	financial	financial	ADJ
fsr-3715	114	27	mangement	mangement	NOUN
fsr-3715	114	28	163	163	NUM
fsr-3715	114	29	rates	rate	NOUN
fsr-3715	114	30	,	,	PUNCT
fsr-3715	114	31	and	and	CCONJ
fsr-3715	114	32	according	accord	VERB
fsr-3715	114	33	to	to	ADP
fsr-3715	114	34	the	the	DET
fsr-3715	114	35	present	present	ADJ
fsr-3715	114	36	value	value	NOUN
fsr-3715	114	37	model	model	NOUN
fsr-3715	114	38	they	they	PRON
fsr-3715	114	39	should	should	AUX
fsr-3715	114	40	show	show	VERB
fsr-3715	114	41	little	little	ADJ
fsr-3715	114	42	correlation	correlation	NOUN
fsr-3715	114	43	.	.	PUNCT
fsr-3715	115	1	these	these	DET
fsr-3715	115	2	conclusions	conclusion	NOUN
fsr-3715	115	3	were	be	AUX
fsr-3715	115	4	reached	reach	VERB
fsr-3715	115	5	from	from	ADP
fsr-3715	115	6	an	an	DET
fsr-3715	115	7	analysis	analysis	NOUN
fsr-3715	115	8	of	of	ADP
fsr-3715	115	9	annual	annual	ADJ
fsr-3715	115	10	data	datum	NOUN
fsr-3715	115	11	in	in	ADP
fsr-3715	115	12	the	the	DET
fsr-3715	115	13	united	united	PROPN
fsr-3715	115	14	states	states	PROPN
fsr-3715	115	15	,	,	PUNCT
fsr-3715	115	16	187	187	NUM
fsr-3715	115	17	1	1	NUM
fsr-3715	115	18	-	-	NUM
fsr-3715	115	19	1989	1989	NUM
fsr-3715	115	20	,	,	PUNCT
fsr-3715	115	21	and	and	CCONJ
fsr-3715	115	22	the	the	DET
fsr-3715	115	23	united	united	ADJ
fsr-3715	115	24	kingdom	kingdom	PROPN
fsr-3715	115	25	,	,	PUNCT
fsr-3715	115	26	19	19	NUM
fsr-3715	115	27	18	18	NUM
fsr-3715	115	28	-	-	SYM
fsr-3715	115	29	1989	1989	NUM
fsr-3715	115	30	.	.	PUNCT
fsr-3715	116	1	journal	journal	PROPN
fsr-3715	116	2	ofmonetary	ofmonetary	ADJ
fsr-3715	116	3	economics	economic	NOUN
fsr-3715	116	4	,	,	PUNCT
fsr-3715	116	5	october	october	PROPN
fsr-3715	116	6	1992,30	1992,30	PROPN
fsr-3715	116	7	(	(	PUNCT
fsr-3715	116	8	1	1	NUM
fsr-3715	116	9	):	):	PUNCT
fsr-3715	116	10	2546	2546	NUM
fsr-3715	116	11	.	.	PUNCT
fsr-3715	117	1	(	(	PUNCT
fsr-3715	117	2	reprinted	reprint	VERB
fsr-3715	117	3	with	with	ADP
fsr-3715	117	4	permission	permission	NOUN
fsr-3715	117	5	of	of	ADP
fsr-3715	117	6	north	north	NOUN
fsr-3715	117	7	-	-	PUNCT
fsr-3715	117	8	holland	holland	NOUN
fsr-3715	117	9	publish	publish	VERB
fsr-3715	117	10	ing	ing	ADJ
fsr-3715	117	11	company	company	NOUN
fsr-3715	117	12	.	.	PUNCT
fsr-3715	117	13	)	)	PUNCT
fsr-3715	118	1	macroeconometrics	macroeconometric	NOUN
fsr-3715	118	2	of	of	ADP
fsr-3715	118	3	stock	stock	NOUN
fsr-3715	118	4	price	price	NOUN
fsr-3715	118	5	fluctuations	fluctuation	NOUN
fsr-3715	118	6	,	,	PUNCT
fsr-3715	118	7	by	by	ADP
fsr-3715	118	8	dewan	dewan	PROPN
fsr-3715	118	9	a.	a.	PROPN
fsr-3715	118	10	abdullah	abdullah	PROPN
fsr-3715	118	11	and	and	CCONJ
fsr-3715	118	12	steven	steven	PROPN
fsr-3715	118	13	c.	c.	PROPN
fsr-3715	118	14	hayworth	hayworth	PROPN
fsr-3715	118	15	(	(	PUNCT
fsr-3715	118	16	eastern	eastern	PROPN
fsr-3715	118	17	michigan	michigan	PROPN
fsr-3715	118	18	university	university	PROPN
fsr-3715	118	19	)	)	PUNCT
fsr-3715	118	20	.	.	PUNCT
fsr-3715	119	1	this	this	DET
fsr-3715	119	2	paper	paper	NOUN
fsr-3715	119	3	employs	employ	VERB
fsr-3715	119	4	granger	granger	PROPN
fsr-3715	119	5	causality	causality	NOUN
fsr-3715	119	6	tests	test	NOUN
fsr-3715	119	7	and	and	CCONJ
fsr-3715	119	8	sims	sim	NOUN
fsr-3715	119	9	’	'	PUNCT
fsr-3715	119	10	innovation	innovation	NOUN
fsr-3715	119	11	accounting	account	VERB
fsr-3715	119	12	to	to	PART
fsr-3715	119	13	explain	explain	VERB
fsr-3715	119	14	fluctuations	fluctuation	NOUN
fsr-3715	119	15	in	in	ADP
fsr-3715	119	16	monthly	monthly	ADJ
fsr-3715	119	17	stock	stock	NOUN
fsr-3715	119	18	returns	return	NOUN
fsr-3715	119	19	within	within	ADP
fsr-3715	119	20	a	a	DET
fsr-3715	119	21	vector	vector	NOUN
fsr-3715	119	22	autoregressive	autoregressive	ADJ
fsr-3715	119	23	framework	framework	NOUN
fsr-3715	119	24	.	.	PUNCT
fsr-3715	120	1	the	the	DET
fsr-3715	120	2	results	result	NOUN
fsr-3715	120	3	show	show	VERB
fsr-3715	120	4	that	that	SCONJ
fsr-3715	120	5	past	past	ADJ
fsr-3715	120	6	money	money	NOUN
fsr-3715	120	7	growth	growth	NOUN
fsr-3715	120	8	,	,	PUNCT
fsr-3715	120	9	budget	budget	NOUN
fsr-3715	120	10	deficits	deficit	NOUN
fsr-3715	120	11	,	,	PUNCT
fsr-3715	120	12	inflation	inflation	NOUN
fsr-3715	120	13	,	,	PUNCT
fsr-3715	120	14	and	and	CCONJ
fsr-3715	120	15	both	both	DET
fsr-3715	120	16	short	short	ADJ
fsr-3715	120	17	-	-	PUNCT
fsr-3715	120	18	and	and	CCONJ
fsr-3715	120	19	long	long	ADJ
fsr-3715	120	20	-	-	PUNCT
fsr-3715	120	21	term	term	NOUN
fsr-3715	120	22	interest	interest	NOUN
fsr-3715	120	23	rates	rate	NOUN
fsr-3715	120	24	are	be	AUX
fsr-3715	120	25	granger	granger	PROPN
fsr-3715	120	26	causal	causal	PROPN
fsr-3715	120	27	prior	prior	ADV
fsr-3715	120	28	to	to	ADP
fsr-3715	120	29	stock	stock	NOUN
fsr-3715	120	30	returns	return	NOUN
fsr-3715	120	31	.	.	PUNCT
fsr-3715	121	1	these	these	DET
fsr-3715	121	2	variables	variable	NOUN
fsr-3715	121	3	also	also	ADV
fsr-3715	121	4	explain	explain	VERB
fsr-3715	121	5	a	a	DET
fsr-3715	121	6	substantial	substantial	ADJ
fsr-3715	121	7	proportion	proportion	NOUN
fsr-3715	121	8	of	of	ADP
fsr-3715	121	9	the	the	DET
fsr-3715	121	10	forecast	forecast	NOUN
fsr-3715	121	11	error	error	NOUN
fsr-3715	121	12	variance	variance	NOUN
fsr-3715	121	13	of	of	ADP
fsr-3715	121	14	stock	stock	NOUN
fsr-3715	121	15	returns	return	NOUN
fsr-3715	121	16	.	.	PUNCT
fsr-3715	122	1	it	it	PRON
fsr-3715	122	2	is	be	AUX
fsr-3715	122	3	found	find	VERB
fsr-3715	122	4	that	that	SCONJ
fsr-3715	122	5	stock	stock	NOUN
fsr-3715	122	6	returns	return	NOUN
fsr-3715	122	7	are	be	AUX
fsr-3715	122	8	related	relate	VERB
fsr-3715	122	9	positively	positively	ADV
fsr-3715	122	10	to	to	ADP
fsr-3715	122	11	inflation	inflation	NOUN
fsr-3715	122	12	and	and	CCONJ
fsr-3715	122	13	money	money	NOUN
fsr-3715	122	14	growth	growth	NOUN
fsr-3715	122	15	and	and	CCONJ
fsr-3715	122	16	negatively	negatively	ADV
fsr-3715	122	17	to	to	ADP
fsr-3715	122	18	budget	budget	NOUN
fsr-3715	122	19	deficits	deficit	NOUN
fsr-3715	122	20	,	,	PUNCT
fsr-3715	122	21	trade	trade	NOUN
fsr-3715	122	22	deficits	deficit	NOUN
fsr-3715	122	23	,	,	PUNCT
fsr-3715	122	24	and	and	CCONJ
fsr-3715	122	25	both	both	DET
fsr-3715	122	26	shortand	shortand	NOUN
fsr-3715	122	27	long	long	ADJ
fsr-3715	122	28	-	-	PUNCT
fsr-3715	122	29	term	term	NOUN
fsr-3715	122	30	interest	interest	NOUN
fsr-3715	122	31	rates	rate	NOUN
fsr-3715	122	32	,	,	PUNCT
fsr-3715	122	33	as	as	SCONJ
fsr-3715	122	34	economic	economic	ADJ
fsr-3715	122	35	theory	theory	NOUN
fsr-3715	122	36	would	would	AUX
fsr-3715	122	37	predict	predict	VERB
fsr-3715	122	38	.	.	PUNCT
fsr-3715	123	1	quarterly	quarterly	ADJ
fsr-3715	123	2	journd	journd	NOUN
fsr-3715	123	3	of	of	ADP
fsr-3715	123	4	business	business	NOUN
fsr-3715	123	5	and	and	CCONJ
fsr-3715	123	6	economics	economic	NOUN
fsr-3715	123	7	,	,	PUNCT
fsr-3715	123	8	winter	winter	NOUN
fsr-3715	123	9	1993	1993	NUM
fsr-3715	123	10	,	,	PUNCT
fsr-3715	123	11	32	32	NUM
fsr-3715	123	12	(	(	PUNCT
fsr-3715	123	13	1	1	NUM
fsr-3715	123	14	):	):	PUNCT
fsr-3715	123	15	50	50	NUM
fsr-3715	123	16	-	-	SYM
fsr-3715	123	17	67	67	NUM
fsr-3715	123	18	.	.	PUNCT
fsr-3715	124	1	(	(	PUNCT
fsr-3715	124	2	reprinted	reprint	VERB
fsr-3715	124	3	with	with	ADP
fsr-3715	124	4	permission	permission	NOUN
fsr-3715	124	5	of	of	ADP
fsr-3715	124	6	quarterly	quarterly	ADJ
fsr-3715	124	7	journal	journal	NOUN
fsr-3715	124	8	of	of	ADP
fsr-3715	124	9	business	business	NOUN
fsr-3715	124	10	and	and	CCONJ
fsr-3715	124	11	economics	economic	NOUN
fsr-3715	124	12	.	.	PUNCT
fsr-3715	124	13	)	)	PUNCT
fsr-3715	125	1	did	do	AUX
fsr-3715	125	2	regulatory	regulatory	ADJ
fsr-3715	125	3	actions	action	NOUN
fsr-3715	125	4	discourage	discourage	VERB
fsr-3715	125	5	consumer	consumer	NOUN
fsr-3715	125	6	demand	demand	NOUN
fsr-3715	125	7	for	for	ADP
fsr-3715	125	8	treas	treas	PROPN
fsr-3715	125	9	ury	ury	PROPN
fsr-3715	125	10	bills	bill	NOUN
fsr-3715	125	11	?	?	PUNCT
fsr-3715	125	12	,	,	PUNCT
fsr-3715	125	13	by	by	ADP
fsr-3715	125	14	harold	harold	PROPN
fsr-3715	125	15	a.	a.	PROPN
fsr-3715	125	16	black	black	PROPN
fsr-3715	125	17	(	(	PUNCT
fsr-3715	125	18	university	university	PROPN
fsr-3715	125	19	of	of	ADP
fsr-3715	125	20	tennessee	tennessee	PROPN
fsr-3715	125	21	)	)	PUNCT
fsr-3715	125	22	and	and	CCONJ
fsr-3715	125	23	robert	robert	PROPN
fsr-3715	125	24	l.	l.	PROPN
fsr-3715	125	25	schweitzer	schweitzer	PROPN
fsr-3715	125	26	(	(	PUNCT
fsr-3715	125	27	university	university	PROPN
fsr-3715	125	28	of	of	ADP
fsr-3715	125	29	delaware	delaware	PROPN
fsr-3715	125	30	)	)	PUNCT
fsr-3715	125	31	.	.	PUNCT
fsr-3715	126	1	this	this	DET
fsr-3715	126	2	paper	paper	NOUN
fsr-3715	126	3	studies	study	VERB
fsr-3715	126	4	the	the	DET
fsr-3715	126	5	demand	demand	NOUN
fsr-3715	126	6	for	for	ADP
fsr-3715	126	7	treasury	treasury	NOUN
fsr-3715	126	8	bills	bill	NOUN
fsr-3715	126	9	by	by	ADP
fsr-3715	126	10	consumers	consumer	NOUN
fsr-3715	126	11	during	during	ADP
fsr-3715	126	12	each	each	DET
fsr-3715	126	13	period	period	NOUN
fsr-3715	126	14	of	of	ADP
fsr-3715	126	15	significant	significant	ADJ
fsr-3715	126	16	regulatory	regulatory	ADJ
fsr-3715	126	17	change	change	NOUN
fsr-3715	126	18	intended	intend	VERB
fsr-3715	126	19	to	to	PART
fsr-3715	126	20	discourage	discourage	VERB
fsr-3715	126	21	such	such	ADJ
fsr-3715	126	22	demand	demand	NOUN
fsr-3715	126	23	.	.	PUNCT
fsr-3715	127	1	the	the	DET
fsr-3715	127	2	results	result	NOUN
fsr-3715	127	3	show	show	VERB
fsr-3715	127	4	that	that	SCONJ
fsr-3715	127	5	there	there	PRON
fsr-3715	127	6	were	be	VERB
fsr-3715	127	7	significant	significant	ADJ
fsr-3715	127	8	changes	change	NOUN
fsr-3715	127	9	in	in	ADP
fsr-3715	127	10	the	the	DET
fsr-3715	127	11	structure	structure	NOUN
fsr-3715	127	12	of	of	ADP
fsr-3715	127	13	the	the	DET
fsr-3715	127	14	public	public	NOUN
fsr-3715	127	15	’s	’s	PART
fsr-3715	127	16	demand	demand	NOUN
fsr-3715	127	17	,	,	PUNCT
fsr-3715	127	18	although	although	SCONJ
fsr-3715	127	19	the	the	DET
fsr-3715	127	20	changes	change	NOUN
fsr-3715	127	21	were	be	AUX
fsr-3715	127	22	not	not	PART
fsr-3715	127	23	always	always	ADV
fsr-3715	127	24	in	in	ADP
fsr-3715	127	25	the	the	DET
fsr-3715	127	26	direction	direction	NOUN
fsr-3715	127	27	intended	intend	VERB
fsr-3715	127	28	by	by	ADP
fsr-3715	127	29	the	the	DET
fsr-3715	127	30	regulatory	regulatory	ADJ
fsr-3715	127	31	authorities	authority	NOUN
fsr-3715	127	32	.	.	PUNCT
fsr-3715	128	1	journal	journal	NOUN
fsr-3715	128	2	of	of	ADP
fsr-3715	128	3	banking	banking	NOUN
fsr-3715	128	4	and	and	CCONJ
fsr-3715	128	5	finance	finance	NOUN
fsr-3715	128	6	,	,	PUNCT
fsr-3715	128	7	february	february	PROPN
fsr-3715	128	8	1993	1993	NUM
fsr-3715	128	9	,	,	PUNCT
fsr-3715	128	10	17(l	17(l	NUM
fsr-3715	128	11	):	):	PUNCT
fsr-3715	128	12	19	19	NUM
fsr-3715	128	13	-	-	SYM
fsr-3715	128	14	26	26	NUM
fsr-3715	128	15	.	.	PUNCT
fsr-3715	129	1	(	(	PUNCT
fsr-3715	129	2	reprinted	reprint	VERB
fsr-3715	129	3	with	with	ADP
fsr-3715	129	4	permission	permission	NOUN
fsr-3715	129	5	of	of	ADP
fsr-3715	129	6	north	north	NOUN
fsr-3715	129	7	-	-	PUNCT
fsr-3715	129	8	holland	holland	PROPN
fsr-3715	129	9	publishing	publishing	PROPN
fsr-3715	129	10	company	company	NOUN
fsr-3715	129	11	.	.	PUNCT
fsr-3715	129	12	)	)	PUNCT
fsr-3715	130	1	initial	initial	ADJ
fsr-3715	130	2	public	public	ADJ
fsr-3715	130	3	offerings	offering	NOUN
fsr-3715	130	4	of	of	ADP
fsr-3715	130	5	equity	equity	NOUN
fsr-3715	130	6	securities	security	NOUN
fsr-3715	130	7	:	:	PUNCT
fsr-3715	130	8	anomalous	anomalous	ADJ
fsr-3715	130	9	evidence	evidence	NOUN
fsr-3715	130	10	using	use	VERB
fsr-3715	130	11	reits	reit	NOUN
fsr-3715	130	12	,	,	PUNCT
fsr-3715	130	13	by	by	ADP
fsr-3715	130	14	ko	ko	PROPN
fsr-3715	130	15	wang	wang	PROPN
fsr-3715	130	16	and	and	CCONJ
fsr-3715	130	17	su	su	PROPN
fsr-3715	130	18	han	han	PROPN
fsr-3715	130	19	chan	chan	PROPN
fsr-3715	130	20	(	(	PUNCT
fsr-3715	130	21	california	california	PROPN
fsr-3715	130	22	state	state	PROPN
fsr-3715	130	23	univer	univer	PROPN
fsr-3715	130	24	sity	sity	PROPN
fsr-3715	130	25	,	,	PUNCT
fsr-3715	130	26	fullerton	fullerton	PROPN
fsr-3715	130	27	)	)	PUNCT
fsr-3715	130	28	and	and	CCONJ
fsr-3715	130	29	george	george	PROPN
fsr-3715	130	30	w.	w.	PROPN
fsr-3715	130	31	gau	gau	PROPN
fsr-3715	130	32	(	(	PUNCT
fsr-3715	130	33	university	university	NOUN
fsr-3715	130	34	of	of	ADP
fsr-3715	130	35	texas	texas	PROPN
fsr-3715	130	36	)	)	PUNCT
fsr-3715	130	37	.	.	PUNCT
fsr-3715	131	1	in	in	ADP
fsr-3715	131	2	contrast	contrast	NOUN
fsr-3715	131	3	with	with	ADP
fsr-3715	131	4	numerous	numerous	ADJ
fsr-3715	131	5	studies	study	NOUN
fsr-3715	131	6	that	that	PRON
fsr-3715	131	7	find	find	VERB
fsr-3715	131	8	significant	significant	ADJ
fsr-3715	131	9	underpricing	underpricing	NOUN
fsr-3715	131	10	for	for	ADP
fsr-3715	131	11	initial	initial	ADJ
fsr-3715	131	12	public	public	ADJ
fsr-3715	131	13	offerings	offering	NOUN
fsr-3715	131	14	of	of	ADP
fsr-3715	131	15	industrial	industrial	ADJ
fsr-3715	131	16	firms	firm	NOUN
fsr-3715	131	17	,	,	PUNCT
fsr-3715	131	18	we	we	PRON
fsr-3715	131	19	document	document	VERB
fsr-3715	131	20	a	a	DET
fsr-3715	131	21	statistically	statistically	ADV
fsr-3715	131	22	significant	significant	ADJ
fsr-3715	131	23	average	average	ADJ
fsr-3715	131	24	return	return	NOUN
fsr-3715	131	25	of	of	ADP
fsr-3715	131	26	-2.82	-2.82	NOUN
fsr-3715	131	27	%	%	NOUN
fsr-3715	131	28	on	on	ADP
fsr-3715	131	29	the	the	DET
fsr-3715	131	30	first	first	ADJ
fsr-3715	131	31	trading	trading	NOUN
fsr-3715	131	32	day	day	NOUN
fsr-3715	131	33	for	for	ADP
fsr-3715	131	34	a	a	DET
fsr-3715	131	35	sample	sample	NOUN
fsr-3715	131	36	of	of	ADP
fsr-3715	131	37	87	87	NUM
fsr-3715	131	38	initial	initial	ADJ
fsr-3715	131	39	public	public	ADJ
fsr-3715	131	40	offerings	offering	NOUN
fsr-3715	131	41	of	of	ADP
fsr-3715	131	42	real	real	ADJ
fsr-3715	131	43	estate	estate	NOUN
fsr-3715	131	44	investment	investment	NOUN
fsr-3715	131	45	trusts	trust	NOUN
fsr-3715	131	46	during	during	ADP
fsr-3715	131	47	the	the	DET
fsr-3715	131	48	1971	1971	NUM
fsr-3715	131	49	-	-	SYM
fsr-3715	131	50	1988	1988	NUM
fsr-3715	131	51	period	period	NOUN
fsr-3715	131	52	.	.	PUNCT
fsr-3715	132	1	our	our	PRON
fsr-3715	132	2	overpricing	overprice	VERB
fsr-3715	132	3	result	result	NOUN
fsr-3715	132	4	is	be	AUX
fsr-3715	132	5	invariant	invariant	ADJ
fsr-3715	132	6	to	to	PART
fsr-3715	132	7	offer	offer	VERB
fsr-3715	132	8	price	price	NOUN
fsr-3715	132	9	,	,	PUNCT
fsr-3715	132	10	issue	issue	NOUN
fsr-3715	132	11	size	size	NOUN
fsr-3715	132	12	,	,	PUNCT
fsr-3715	132	13	distribution	distribution	NOUN
fsr-3715	132	14	method	method	NOUN
fsr-3715	132	15	,	,	PUNCT
fsr-3715	132	16	offer	offer	VERB
fsr-3715	132	17	period	period	NOUN
fsr-3715	132	18	,	,	PUNCT
fsr-3715	132	19	and	and	CCONJ
fsr-3715	132	20	under	under	ADP
fsr-3715	132	21	writer	writer	NOUN
fsr-3715	132	22	reputation	reputation	NOUN
fsr-3715	132	23	.	.	PUNCT
fsr-3715	133	1	newly	newly	ADV
fsr-3715	133	2	issued	issue	VERB
fsr-3715	133	3	reits	reit	NOUN
fsr-3715	133	4	,	,	PUNCT
fsr-3715	133	5	on	on	ADP
fsr-3715	133	6	average	average	ADJ
fsr-3715	133	7	,	,	PUNCT
fsr-3715	133	8	substantially	substantially	ADV
fsr-3715	133	9	underperform	underperform	VERB
fsr-3715	133	10	a	a	DET
fsr-3715	133	11	matching	matching	NOUN
fsr-3715	133	12	sample	sample	NOUN
fsr-3715	133	13	of	of	ADP
fsr-3715	133	14	seasoned	season	VERB
fsr-3715	133	15	reits	reit	NOUN
fsr-3715	133	16	during	during	ADP
fsr-3715	133	17	the	the	DET
fsr-3715	133	18	first	first	ADJ
fsr-3715	133	19	190	190	NUM
fsr-3715	133	20	trading	trading	NOUN
fsr-3715	133	21	days	day	NOUN
fsr-3715	133	22	.	.	PUNCT
fsr-3715	134	1	interestingly	interestingly	ADV
fsr-3715	134	2	,	,	PUNCT
fsr-3715	134	3	164	164	NUM
fsr-3715	134	4	financial	financial	ADJ
fsr-3715	134	5	services	service	NOUN
fsr-3715	134	6	review	review	NOUN
fsr-3715	134	7	,	,	PUNCT
fsr-3715	134	8	2(2	2(2	NUM
fsr-3715	134	9	)	)	PUNCT
fsr-3715	134	10	1993	1993	NUM
fsr-3715	134	11	buyers	buyer	NOUN
fsr-3715	134	12	of	of	ADP
fsr-3715	134	13	overpriced	overpriced	ADJ
fsr-3715	134	14	reits	reit	NOUN
fsr-3715	134	15	are	be	AUX
fsr-3715	134	16	predominantly	predominantly	ADV
fsr-3715	134	17	individual	individual	ADJ
fsr-3715	134	18	or	or	CCONJ
fsr-3715	134	19	non-13(f	non-13(f	NOUN
fsr-3715	134	20	)	)	PUNCT
fsr-3715	134	21	institutional	institutional	ADJ
fsr-3715	134	22	investors	investor	NOUN
fsr-3715	134	23	.	.	PUNCT
fsr-3715	135	1	journal	journal	PROPN
fsr-3715	135	2	of	of	ADP
fsr-3715	135	3	financial	financial	ADJ
fsr-3715	135	4	economics	economic	NOUN
fsr-3715	135	5	,	,	PUNCT
fsr-3715	135	6	june	june	PROPN
fsr-3715	135	7	1992,31(3	1992,31(3	PROPN
fsr-3715	135	8	):	):	PUNCT
fsr-3715	135	9	381	381	NUM
fsr-3715	135	10	-	-	SYM
fsr-3715	135	11	410	410	NUM
fsr-3715	135	12	.	.	PUNCT
fsr-3715	136	1	(	(	PUNCT
fsr-3715	136	2	reprinted	reprint	VERB
fsr-3715	136	3	with	with	ADP
fsr-3715	136	4	permission	permission	NOUN
fsr-3715	136	5	of	of	ADP
fsr-3715	136	6	north	north	NOUN
fsr-3715	136	7	-	-	PUNCT
fsr-3715	136	8	holland	holland	PROPN
fsr-3715	136	9	publishing	publishing	PROPN
fsr-3715	136	10	company	company	NOUN
fsr-3715	136	11	.	.	PUNCT
fsr-3715	136	12	)	)	PUNCT
fsr-3715	137	1	introducing	introduce	VERB
fsr-3715	137	2	risky	risky	ADJ
fsr-3715	137	3	housing	housing	NOUN
fsr-3715	137	4	and	and	CCONJ
fsr-3715	137	5	endogenous	endogenous	ADJ
fsr-3715	137	6	tenure	tenure	NOUN
fsr-3715	137	7	choice	choice	NOUN
fsr-3715	137	8	into	into	ADP
fsr-3715	137	9	a	a	DET
fsr-3715	137	10	portfolio	portfolio	NOUN
fsr-3715	137	11	-	-	PUNCT
fsr-3715	137	12	based	base	VERB
fsr-3715	137	13	general	general	ADJ
fsr-3715	137	14	equilibrium	equilibrium	NOUN
fsr-3715	137	15	model	model	NOUN
fsr-3715	137	16	,	,	PUNCT
fsr-3715	137	17	by	by	ADP
fsr-3715	137	18	patric	patric	PROPN
fsr-3715	137	19	h.	h.	PROPN
fsr-3715	137	20	hender	hender	PROPN
fsr-3715	137	21	shott	shott	PROPN
fsr-3715	137	22	and	and	CCONJ
fsr-3715	137	23	yunhi	yunhi	PROPN
fsr-3715	137	24	won	win	VERB
fsr-3715	137	25	(	(	PUNCT
fsr-3715	137	26	ohio	ohio	PROPN
fsr-3715	137	27	state	state	PROPN
fsr-3715	137	28	university	university	PROPN
fsr-3715	137	29	)	)	PUNCT
fsr-3715	137	30	.	.	PUNCT
fsr-3715	138	1	portfolio	portfolio	NOUN
fsr-3715	138	2	-	-	PUNCT
fsr-3715	138	3	based	base	VERB
fsr-3715	138	4	general	general	ADJ
fsr-3715	138	5	equilibrium	equilibrium	NOUN
fsr-3715	138	6	models	model	NOUN
fsr-3715	138	7	are	be	AUX
fsr-3715	138	8	useful	useful	ADJ
fsr-3715	138	9	for	for	ADP
fsr-3715	138	10	analyzing	analyze	VERB
fsr-3715	138	11	the	the	DET
fsr-3715	138	12	inter	inter	ADJ
fsr-3715	138	13	action	action	NOUN
fsr-3715	138	14	between	between	ADP
fsr-3715	138	15	the	the	DET
fsr-3715	138	16	structure	structure	NOUN
fsr-3715	138	17	of	of	ADP
fsr-3715	138	18	individual	individual	ADJ
fsr-3715	138	19	tax	tax	NOUN
fsr-3715	138	20	rates	rate	NOUN
fsr-3715	138	21	and	and	CCONJ
fsr-3715	138	22	the	the	DET
fsr-3715	138	23	way	way	NOUN
fsr-3715	138	24	particular	particular	ADJ
fsr-3715	138	25	assets	asset	NOUN
fsr-3715	138	26	are	be	AUX
fsr-3715	138	27	taxed	tax	VERB
fsr-3715	138	28	,	,	PUNCT
fsr-3715	138	29	for	for	ADP
fsr-3715	138	30	considering	consider	VERB
fsr-3715	138	31	the	the	DET
fsr-3715	138	32	role	role	NOUN
fsr-3715	138	33	of	of	ADP
fsr-3715	138	34	differential	differential	ADJ
fsr-3715	138	35	tax	tax	NOUN
fsr-3715	138	36	rules	rule	NOUN
fsr-3715	138	37	and	and	CCONJ
fsr-3715	138	38	risk	risk	NOUN
fsr-3715	138	39	in	in	ADP
fsr-3715	138	40	determining	determine	VERB
fsr-3715	138	41	household	household	NOUN
fsr-3715	138	42	portfolio	portfolio	NOUN
fsr-3715	138	43	choices	choice	NOUN
fsr-3715	138	44	,	,	PUNCT
fsr-3715	138	45	and	and	CCONJ
fsr-3715	138	46	for	for	ADP
fsr-3715	138	47	addressing	address	VERB
fsr-3715	138	48	distributional	distributional	ADJ
fsr-3715	138	49	questions	question	NOUN
fsr-3715	138	50	.	.	PUNCT
fsr-3715	139	1	unfortu	unfortu	ADJ
fsr-3715	139	2	nately	nately	PROPN
fsr-3715	139	3	,	,	PUNCT
fsr-3715	139	4	current	current	ADJ
fsr-3715	139	5	versions	version	NOUN
fsr-3715	139	6	of	of	ADP
fsr-3715	139	7	these	these	DET
fsr-3715	139	8	models	model	NOUN
fsr-3715	139	9	give	give	VERB
fsr-3715	139	10	housing	housing	NOUN
fsr-3715	139	11	short	short	ADJ
fsr-3715	139	12	shrift	shrift	NOUN
fsr-3715	139	13	;	;	PUNCT
fsr-3715	139	14	owner	owner	NOUN
fsr-3715	139	15	housing	housing	NOUN
fsr-3715	139	16	is	be	AUX
fsr-3715	139	17	assumed	assume	VERB
fsr-3715	139	18	to	to	PART
fsr-3715	139	19	be	be	AUX
fsr-3715	139	20	riskless	riskless	NOUN
fsr-3715	139	21	,	,	PUNCT
fsr-3715	139	22	rental	rental	ADJ
fsr-3715	139	23	housing	housing	NOUN
fsr-3715	139	24	is	be	AUX
fsr-3715	139	25	not	not	PART
fsr-3715	139	26	a	a	DET
fsr-3715	139	27	separately	separately	ADV
fsr-3715	139	28	identifiable	identifiable	ADJ
fsr-3715	139	29	asset	asset	NOUN
fsr-3715	139	30	,	,	PUNCT
fsr-3715	139	31	and	and	CCONJ
fsr-3715	139	32	tenure	tenure	NOUN
fsr-3715	139	33	choice	choice	NOUN
fsr-3715	139	34	is	be	AUX
fsr-3715	139	35	of	of	ADP
fsr-3715	139	36	necessity	necessity	NOUN
fsr-3715	139	37	exogenously	exogenously	ADV
fsr-3715	139	38	determined	determine	VERB
fsr-3715	139	39	.	.	PUNCT
fsr-3715	140	1	this	this	DET
fsr-3715	140	2	paper	paper	NOUN
fsr-3715	140	3	extends	extend	VERB
fsr-3715	140	4	one	one	NUM
fsr-3715	140	5	of	of	ADP
fsr-3715	140	6	these	these	DET
fsr-3715	140	7	models	model	NOUN
fsr-3715	140	8	to	to	PART
fsr-3715	140	9	incorporate	incorporate	VERB
fsr-3715	140	10	a	a	DET
fsr-3715	140	11	full	full	ADJ
fsr-3715	140	12	housing	housing	NOUN
fsr-3715	140	13	subsector	subsector	NOUN
fsr-3715	140	14	and	and	CCONJ
fsr-3715	140	15	uses	use	VERB
fsr-3715	140	16	the	the	DET
fsr-3715	140	17	model	model	NOUN
fsr-3715	140	18	to	to	PART
fsr-3715	140	19	analyze	analyze	VERB
fsr-3715	140	20	the	the	DET
fsr-3715	140	21	impact	impact	NOUN
fsr-3715	140	22	of	of	ADP
fsr-3715	140	23	the	the	DET
fsr-3715	140	24	u.s	u.s	PROPN
fsr-3715	140	25	.	.	PROPN
fsr-3715	140	26	1986	1986	NUM
fsr-3715	140	27	tax	tax	NOUN
fsr-3715	140	28	reform	reform	PROPN
fsr-3715	140	29	act	act	PROPN
fsr-3715	140	30	.	.	PUNCT
fsr-3715	141	1	journal	journal	PROPN
fsr-3715	141	2	ofpublic	ofpublic	ADJ
fsr-3715	141	3	economics	economic	NOUN
fsr-3715	141	4	,	,	PUNCT
fsr-3715	141	5	august	august	PROPN
fsr-3715	141	6	1992,48(3	1992,48(3	PROPN
fsr-3715	141	7	):	):	PUNCT
fsr-3715	141	8	293	293	NUM
fsr-3715	141	9	-	-	SYM
fsr-3715	141	10	3	3	NUM
fsr-3715	141	11	16	16	NUM
fsr-3715	141	12	.	.	PUNCT
fsr-3715	142	1	(	(	PUNCT
fsr-3715	142	2	reprinted	reprint	VERB
fsr-3715	142	3	with	with	ADP
fsr-3715	142	4	permission	permission	NOUN
fsr-3715	142	5	of	of	ADP
fsr-3715	142	6	north	north	NOUN
fsr-3715	142	7	-	-	PUNCT
fsr-3715	142	8	holland	holland	PROPN
fsr-3715	142	9	publishing	publishing	PROPN
fsr-3715	142	10	company	company	NOUN
fsr-3715	142	11	.	.	PUNCT
fsr-3715	142	12	)	)	PUNCT
fsr-3715	143	1	portfolio	portfolio	NOUN
fsr-3715	143	2	rebalancing	rebalancing	NOUN
fsr-3715	143	3	and	and	CCONJ
fsr-3715	143	4	the	the	DET
fsr-3715	143	5	effective	effective	ADJ
fsr-3715	143	6	taxation	taxation	NOUN
fsr-3715	143	7	of	of	ADP
fsr-3715	143	8	dividends	dividend	NOUN
fsr-3715	143	9	and	and	CCONJ
fsr-3715	143	10	capital	capital	NOUN
fsr-3715	143	11	gains	gain	NOUN
fsr-3715	143	12	following	follow	VERB
fsr-3715	143	13	the	the	DET
fsr-3715	143	14	tax	tax	NOUN
fsr-3715	143	15	reform	reform	NOUN
fsr-3715	143	16	act	act	NOUN
fsr-3715	143	17	of	of	ADP
fsr-3715	143	18	1986	1986	NUM
fsr-3715	143	19	,	,	PUNCT
fsr-3715	143	20	by	by	ADP
fsr-3715	143	21	mark	mark	PROPN
fsr-3715	143	22	fedenia	fedenia	PROPN
fsr-3715	143	23	(	(	PUNCT
fsr-3715	143	24	university	university	PROPN
fsr-3715	143	25	of	of	ADP
fsr-3715	143	26	wisconsin	wisconsin	PROPN
fsr-3715	143	27	-	-	PUNCT
fsr-3715	143	28	madison	madison	PROPN
fsr-3715	143	29	)	)	PUNCT
fsr-3715	143	30	and	and	CCONJ
fsr-3715	143	31	theoharry	theoharry	VERB
fsr-3715	143	32	gramma	gramma	PROPN
fsr-3715	143	33	tikos	tikos	PROPN
fsr-3715	143	34	(	(	PUNCT
fsr-3715	143	35	european	european	PROPN
fsr-3715	143	36	investment	investment	PROPN
fsr-3715	143	37	bank	bank	PROPN
fsr-3715	143	38	,	,	PUNCT
fsr-3715	143	39	luxembourg	luxembourg	PROPN
fsr-3715	143	40	)	)	PUNCT
fsr-3715	143	41	.	.	PUNCT
fsr-3715	144	1	the	the	DET
fsr-3715	144	2	tax	tax	NOUN
fsr-3715	144	3	reform	reform	PROPN
fsr-3715	144	4	act	act	PROPN
fsr-3715	144	5	(	(	PUNCT
fsr-3715	144	6	ira	ira	PROPN
fsr-3715	144	7	)	)	PUNCT
fsr-3715	144	8	of	of	ADP
fsr-3715	144	9	1986	1986	NUM
fsr-3715	144	10	,	,	PUNCT
fsr-3715	144	11	among	among	ADP
fsr-3715	144	12	other	other	ADJ
fsr-3715	144	13	things	thing	NOUN
fsr-3715	144	14	,	,	PUNCT
fsr-3715	144	15	equalized	equalize	VERB
fsr-3715	144	16	the	the	DET
fsr-3715	144	17	nominal	nominal	ADJ
fsr-3715	144	18	taxation	taxation	NOUN
fsr-3715	144	19	of	of	ADP
fsr-3715	144	20	dividend	dividend	NOUN
fsr-3715	144	21	and	and	CCONJ
fsr-3715	144	22	capital	capital	NOUN
fsr-3715	144	23	gains	gain	NOUN
fsr-3715	144	24	income	income	NOUN
fsr-3715	144	25	.	.	PUNCT
fsr-3715	145	1	the	the	DET
fsr-3715	145	2	evidence	evidence	NOUN
fsr-3715	145	3	is	be	AUX
fsr-3715	145	4	consistent	consistent	ADJ
fsr-3715	145	5	with	with	ADP
fsr-3715	145	6	the	the	DET
fsr-3715	145	7	hypothesis	hypothesis	NOUN
fsr-3715	145	8	that	that	PRON
fsr-3715	145	9	ordinary	ordinary	ADJ
fsr-3715	145	10	investors	investor	NOUN
fsr-3715	145	11	rebalanced	rebalance	VERB
fsr-3715	145	12	their	their	PRON
fsr-3715	145	13	portfolio	portfolio	NOUN
fsr-3715	145	14	holdings	holding	NOUN
fsr-3715	145	15	in	in	ADP
fsr-3715	145	16	response	response	NOUN
fsr-3715	145	17	to	to	ADP
fsr-3715	145	18	the	the	DET
fsr-3715	145	19	new	new	ADJ
fsr-3715	145	20	taxes	taxis	NOUN
fsr-3715	145	21	.	.	PUNCT
fsr-3715	146	1	such	such	ADJ
fsr-3715	146	2	rebalancing	rebalancing	NOUN
fsr-3715	146	3	appears	appear	VERB
fsr-3715	146	4	to	to	PART
fsr-3715	146	5	have	have	AUX
fsr-3715	146	6	concentrated	concentrate	VERB
fsr-3715	146	7	on	on	ADP
fsr-3715	146	8	liquid	liquid	ADJ
fsr-3715	146	9	stocks	stock	NOUN
fsr-3715	146	10	indicating	indicate	VERB
fsr-3715	146	11	that	that	SCONJ
fsr-3715	146	12	transaction	transaction	NOUN
fsr-3715	146	13	costs	cost	NOUN
fsr-3715	146	14	are	be	AUX
fsr-3715	146	15	an	an	DET
fsr-3715	146	16	important	important	ADJ
fsr-3715	146	17	consideration	consideration	NOUN
fsr-3715	146	18	for	for	ADP
fsr-3715	146	19	ordinary	ordinary	ADJ
fsr-3715	146	20	investors	investor	NOUN
fsr-3715	146	21	involved	involve	VERB
fsr-3715	146	22	in	in	ADP
fsr-3715	146	23	restructuring	restructure	VERB
fsr-3715	146	24	their	their	PRON
fsr-3715	146	25	portfolio	portfolio	NOUN
fsr-3715	146	26	holdings	holding	NOUN
fsr-3715	146	27	.	.	PUNCT
fsr-3715	147	1	the	the	DET
fsr-3715	147	2	tax	tax	NOUN
fsr-3715	147	3	clientele	clientele	PROPN
fsr-3715	147	4	rela	rela	PROPN
fsr-3715	147	5	tionships	tionship	NOUN
fsr-3715	147	6	that	that	PRON
fsr-3715	147	7	existed	exist	VERB
fsr-3715	147	8	prior	prior	ADV
fsr-3715	147	9	to	to	ADP
fsr-3715	147	10	the	the	DET
fsr-3715	147	11	new	new	ADJ
fsr-3715	147	12	act	act	NOUN
fsr-3715	147	13	were	be	AUX
fsr-3715	147	14	distorted	distort	VERB
fsr-3715	147	15	temporarily	temporarily	ADV
fsr-3715	147	16	but	but	CCONJ
fsr-3715	147	17	have	have	AUX
fsr-3715	147	18	reappeared	reappear	VERB
fsr-3715	147	19	by	by	ADP
fsr-3715	147	20	1988	1988	NUM
fsr-3715	147	21	.	.	PUNCT
fsr-3715	148	1	interestingly	interestingly	ADV
fsr-3715	148	2	,	,	PUNCT
fsr-3715	148	3	investors	investor	NOUN
fsr-3715	148	4	’	'	PUNCT
fsr-3715	148	5	post	post	ADJ
fsr-3715	148	6	-	-	ADJ
fsr-3715	148	7	reform	reform	ADJ
fsr-3715	148	8	effective	effective	ADJ
fsr-3715	148	9	tax	tax	NOUN
fsr-3715	148	10	rates	rate	NOUN
fsr-3715	148	11	still	still	ADV
fsr-3715	148	12	give	give	VERB
fsr-3715	148	13	a	a	DET
fsr-3715	148	14	preference	preference	NOUN
fsr-3715	148	15	to	to	ADP
fsr-3715	148	16	capital	capital	NOUN
fsr-3715	148	17	gains	gain	NOUN
fsr-3715	148	18	as	as	SCONJ
fsr-3715	148	19	they	they	PRON
fsr-3715	148	20	did	do	VERB
fsr-3715	148	21	prior	prior	ADV
fsr-3715	148	22	to	to	ADP
fsr-3715	148	23	the	the	DET
fsr-3715	148	24	tax	tax	NOUN
fsr-3715	148	25	reform	reform	NOUN
fsr-3715	148	26	.	.	PUNCT
fsr-3715	149	1	journal	journal	NOUN
fsr-3715	149	2	of	of	ADP
fsr-3715	149	3	banking	banking	NOUN
fsr-3715	149	4	and	and	CCONJ
fsr-3715	149	5	finance	finance	NOUN
fsr-3715	149	6	,	,	PUNCT
fsr-3715	149	7	june	june	PROPN
fsr-3715	149	8	1991	1991	NUM
fsr-3715	149	9	,	,	PUNCT
fsr-3715	149	10	15(3	15(3	NUM
fsr-3715	149	11	):	):	PUNCT
fsr-3715	149	12	501	501	NUM
fsr-3715	149	13	-	-	SYM
fsr-3715	149	14	519	519	NUM
fsr-3715	149	15	.	.	PUNCT
fsr-3715	150	1	(	(	PUNCT
fsr-3715	150	2	reprinted	reprint	VERB
fsr-3715	150	3	with	with	ADP
fsr-3715	150	4	permission	permission	NOUN
fsr-3715	150	5	of	of	ADP
fsr-3715	150	6	north	north	NOUN
fsr-3715	150	7	-	-	PUNCT
fsr-3715	150	8	holland	holland	PROPN
fsr-3715	150	9	publishing	publishing	PROPN
fsr-3715	150	10	company	company	NOUN
fsr-3715	150	11	.	.	PUNCT
fsr-3715	150	12	)	)	PUNCT
fsr-3715	150	13	towards	towards	ADP
fsr-3715	150	14	an	an	DET
fsr-3715	150	15	equilibrium	equilibrium	NOUN
fsr-3715	150	16	model	model	NOUN
fsr-3715	150	17	of	of	ADP
fsr-3715	150	18	the	the	DET
fsr-3715	150	19	mutual	mutual	ADJ
fsr-3715	150	20	funds	fund	NOUN
fsr-3715	150	21	industry	industry	NOUN
fsr-3715	150	22	,	,	PUNCT
fsr-3715	150	23	by	by	ADP
fsr-3715	150	24	jean	jean	PROPN
fsr-3715	150	25	dermine	dermine	PROPN
fsr-3715	150	26	,	,	PUNCT
fsr-3715	150	27	damien	damien	PROPN
fsr-3715	150	28	neven	neven	PROPN
fsr-3715	150	29	(	(	PUNCT
fsr-3715	150	30	insead	insead	PROPN
fsr-3715	150	31	fontainebleau	fontainebleau	PROPN
fsr-3715	150	32	,	,	PUNCT
fsr-3715	150	33	france	france	PROPN
fsr-3715	150	34	)	)	PUNCT
fsr-3715	150	35	,	,	PUNCT
fsr-3715	150	36	and	and	CCONJ
fsr-3715	150	37	jacques	jacques	PROPN
fsr-3715	150	38	f.	f.	PROPN
fsr-3715	150	39	thisse	thisse	PROPN
fsr-3715	150	40	(	(	PUNCT
fsr-3715	150	41	core	core	NOUN
fsr-3715	150	42	,	,	PUNCT
fsr-3715	150	43	louvain	louvain	NOUN
fsr-3715	150	44	-	-	PUNCT
fsr-3715	150	45	la	la	NOUN
fsr-3715	150	46	-	-	PUNCT
fsr-3715	150	47	neuve	neuve	PROPN
fsr-3715	150	48	,	,	PUNCT
fsr-3715	150	49	belgium	belgium	NOUN
fsr-3715	150	50	)	)	PUNCT
fsr-3715	150	51	.	.	PUNCT
fsr-3715	151	1	we	we	PRON
fsr-3715	151	2	consider	consider	VERB
fsr-3715	151	3	an	an	DET
fsr-3715	151	4	industry	industry	NOUN
fsr-3715	151	5	in	in	ADP
fsr-3715	151	6	which	which	PRON
fsr-3715	151	7	mutual	mutual	ADJ
fsr-3715	151	8	funds	fund	NOUN
fsr-3715	151	9	can	can	AUX
fsr-3715	151	10	form	form	VERB
fsr-3715	151	11	portfolios	portfolio	NOUN
fsr-3715	151	12	at	at	ADP
fsr-3715	151	13	lower	low	ADJ
fsr-3715	151	14	cost	cost	NOUN
fsr-3715	151	15	than	than	ADP
fsr-3715	151	16	individual	individual	ADJ
fsr-3715	151	17	investors	investor	NOUN
fsr-3715	151	18	.	.	PUNCT
fsr-3715	152	1	investors	investor	NOUN
fsr-3715	152	2	can	can	AUX
fsr-3715	152	3	gather	gather	VERB
fsr-3715	152	4	their	their	PRON
fsr-3715	152	5	own	own	ADJ
fsr-3715	152	6	portfolio	portfolio	NOUN
fsr-3715	152	7	from	from	ADP
fsr-3715	152	8	primary	primary	ADJ
fsr-3715	152	9	securities	security	NOUN
fsr-3715	152	10	and/or	and/or	CCONJ
fsr-3715	152	11	shares	share	NOUN
fsr-3715	152	12	of	of	ADP
fsr-3715	152	13	mutual	mutual	ADJ
fsr-3715	152	14	funds	fund	NOUN
fsr-3715	152	15	.	.	PUNCT
fsr-3715	153	1	in	in	ADP
fsr-3715	153	2	this	this	DET
fsr-3715	153	3	context	context	NOUN
fsr-3715	153	4	,	,	PUNCT
fsr-3715	153	5	we	we	PRON
fsr-3715	153	6	model	model	VERB
fsr-3715	153	7	competition	competition	NOUN
fsr-3715	153	8	between	between	ADP
fsr-3715	153	9	mutual	mutual	ADJ
fsr-3715	153	10	funds	fund	NOUN
fsr-3715	153	11	as	as	ADP
fsr-3715	153	12	a	a	DET
fsr-3715	153	13	non	non	ADJ
fsr-3715	153	14	-	-	ADJ
fsr-3715	153	15	cooperative	cooperative	ADJ
fsr-3715	153	16	game	game	NOUN
fsr-3715	153	17	in	in	ADP
fsr-3715	153	18	which	which	PRON
fsr-3715	153	19	funds	fund	NOUN
fsr-3715	153	20	select	select	VERB
fsr-3715	153	21	their	their	PRON
fsr-3715	153	22	abstiacts	abstiact	NOUN
fsr-3715	153	23	of	of	ADP
fsr-3715	153	24	articles	article	NOUN
fsr-3715	153	25	on	on	ADP
fsr-3715	153	26	individual	individual	ADJ
fsr-3715	153	27	financial	financial	ADJ
fsr-3715	153	28	mangement	mangement	NOUN
fsr-3715	153	29	165	165	NUM
fsr-3715	153	30	portfolios	portfolio	NOUN
fsr-3715	153	31	.	.	PUNCT
fsr-3715	154	1	we	we	PRON
fsr-3715	154	2	show	show	VERB
fsr-3715	154	3	that	that	SCONJ
fsr-3715	154	4	a	a	DET
fsr-3715	154	5	small	small	ADJ
fsr-3715	154	6	number	number	NOUN
fsr-3715	154	7	of	of	ADP
fsr-3715	154	8	funds	fund	NOUN
fsr-3715	154	9	suffices	suffice	VERB
fsr-3715	154	10	to	to	PART
fsr-3715	154	11	ensure	ensure	VERB
fsr-3715	154	12	a	a	DET
fsr-3715	154	13	pareto	pareto	ADJ
fsr-3715	154	14	superior	superior	ADJ
fsr-3715	154	15	equilibrium	equilibrium	NOUN
fsr-3715	154	16	.	.	PUNCT
fsr-3715	155	1	journal	journal	NOUN
fsr-3715	155	2	of	of	ADP
fsr-3715	155	3	bunking	bunk	VERB
fsr-3715	155	4	and	and	CCONJ
fsr-3715	155	5	finance	finance	NOUN
fsr-3715	155	6	,	,	PUNCT
fsr-3715	155	7	june	june	PROPN
fsr-3715	155	8	1991	1991	NUM
fsr-3715	155	9	,	,	PUNCT
fsr-3715	155	10	15(3	15(3	NUM
fsr-3715	155	11	):	):	PUNCT
fsr-3715	155	12	485499	485499	NUM
fsr-3715	155	13	.	.	PUNCT
fsr-3715	156	1	(	(	PUNCT
fsr-3715	156	2	re	re	VERB
fsr-3715	156	3	printed	print	VERB
fsr-3715	156	4	with	with	ADP
fsr-3715	156	5	permission	permission	NOUN
fsr-3715	156	6	of	of	ADP
fsr-3715	156	7	north	north	NOUN
fsr-3715	156	8	-	-	PUNCT
fsr-3715	156	9	holland	holland	PROPN
fsr-3715	156	10	publishing	publishing	PROPN
fsr-3715	156	11	company	company	NOUN
fsr-3715	156	12	.	.	PUNCT
fsr-3715	156	13	)	)	PUNCT
fsr-3715	157	1	bayesian	bayesian	NOUN
fsr-3715	157	2	and	and	CCONJ
fsr-3715	157	3	capm	capm	NOUN
fsr-3715	157	4	estimators	estimator	NOUN
fsr-3715	157	5	of	of	ADP
fsr-3715	157	6	the	the	DET
fsr-3715	157	7	means	mean	NOUN
fsr-3715	157	8	:	:	PUNCT
fsr-3715	157	9	implications	implication	NOUN
fsr-3715	157	10	for	for	ADP
fsr-3715	157	11	portfolio	portfolio	NOUN
fsr-3715	157	12	selection	selection	NOUN
fsr-3715	157	13	,	,	PUNCT
fsr-3715	157	14	by	by	ADP
fsr-3715	157	15	philippe	philippe	PROPN
fsr-3715	157	16	jot	jot	PROPN
fsr-3715	157	17	-	-	PUNCT
fsr-3715	157	18	ion	ion	NOUN
fsr-3715	157	19	(	(	PUNCT
fsr-3715	157	20	columbia	columbia	PROPN
fsr-3715	157	21	university	university	PROPN
fsr-3715	157	22	)	)	PUNCT
fsr-3715	157	23	.	.	PUNCT
fsr-3715	158	1	this	this	DET
fsr-3715	158	2	paper	paper	NOUN
fsr-3715	158	3	compares	compare	VERB
fsr-3715	158	4	active	active	ADJ
fsr-3715	158	5	investment	investment	NOUN
fsr-3715	158	6	policies	policy	NOUN
fsr-3715	158	7	under	under	ADP
fsr-3715	158	8	three	three	NUM
fsr-3715	158	9	alternative	alternative	ADJ
fsr-3715	158	10	models	model	NOUN
fsr-3715	158	11	for	for	ADP
fsr-3715	158	12	estimating	estimate	VERB
fsr-3715	158	13	expected	expect	VERB
fsr-3715	158	14	stock	stock	NOUN
fsr-3715	158	15	returns	return	NOUN
fsr-3715	158	16	:	:	PUNCT
fsr-3715	158	17	the	the	DET
fsr-3715	158	18	historical	historical	ADJ
fsr-3715	158	19	sample	sample	NOUN
fsr-3715	158	20	mean	mean	VERB
fsr-3715	158	21	,	,	PUNCT
fsr-3715	158	22	a	a	DET
fsr-3715	158	23	shrinkage	shrinkage	NOUN
fsr-3715	158	24	or	or	CCONJ
fsr-3715	158	25	bayesian	bayesian	NOUN
fsr-3715	158	26	estimator	estimator	NOUN
fsr-3715	158	27	and	and	CCONJ
fsr-3715	158	28	a	a	DET
fsr-3715	158	29	capm	capm	NOUN
fsr-3715	158	30	-	-	PUNCT
fsr-3715	158	31	based	base	VERB
fsr-3715	158	32	estimator	estimator	NOUN
fsr-3715	158	33	.	.	PUNCT
fsr-3715	159	1	the	the	DET
fsr-3715	159	2	out	out	ADV
fsr-3715	159	3	-	-	PUNCT
fsr-3715	159	4	of	of	ADP
fsr-3715	159	5	-	-	PUNCT
fsr-3715	159	6	sample	sample	NOUN
fsr-3715	159	7	performance	performance	NOUN
fsr-3715	159	8	of	of	ADP
fsr-3715	159	9	actively	actively	ADV
fsr-3715	159	10	managed	manage	VERB
fsr-3715	159	11	u.s	u.s	PROPN
fsr-3715	159	12	.	.	PROPN
fsr-3715	159	13	industry	industry	NOUN
fsr-3715	159	14	portfolios	portfolio	NOUN
fsr-3715	159	15	is	be	AUX
fsr-3715	159	16	analyzed	analyze	VERB
fsr-3715	159	17	for	for	ADP
fsr-3715	159	18	these	these	DET
fsr-3715	159	19	three	three	NUM
fsr-3715	159	20	estimators	estimator	NOUN
fsr-3715	159	21	over	over	ADP
fsr-3715	159	22	the	the	DET
fsr-3715	159	23	period	period	NOUN
fsr-3715	159	24	1931	1931	NUM
fsr-3715	159	25	to	to	ADP
fsr-3715	159	26	1987	1987	NUM
fsr-3715	159	27	.	.	PUNCT
fsr-3715	160	1	it	it	PRON
fsr-3715	160	2	is	be	AUX
fsr-3715	160	3	found	find	VERB
fsr-3715	160	4	that	that	SCONJ
fsr-3715	160	5	the	the	DET
fsr-3715	160	6	classical	classical	ADJ
fsr-3715	160	7	method	method	NOUN
fsr-3715	160	8	,	,	PUNCT
fsr-3715	160	9	based	base	VERB
fsr-3715	160	10	on	on	ADP
fsr-3715	160	11	historical	historical	ADJ
fsr-3715	160	12	means	mean	NOUN
fsr-3715	160	13	and	and	CCONJ
fsr-3715	160	14	covari	covari	ADJ
fsr-3715	160	15	antes	ante	NOUN
fsr-3715	160	16	,	,	PUNCT
fsr-3715	160	17	leads	lead	VERB
fsr-3715	160	18	to	to	ADP
fsr-3715	160	19	the	the	DET
fsr-3715	160	20	worst	bad	ADJ
fsr-3715	160	21	forecasts	forecast	NOUN
fsr-3715	160	22	and	and	CCONJ
fsr-3715	160	23	out	out	ADP
fsr-3715	160	24	-	-	PUNCT
fsr-3715	160	25	of	of	ADP
fsr-3715	160	26	-	-	PUNCT
fsr-3715	160	27	sample	sample	NOUN
fsr-3715	160	28	performance	performance	NOUN
fsr-3715	160	29	,	,	PUNCT
fsr-3715	160	30	and	and	CCONJ
fsr-3715	160	31	is	be	AUX
fsr-3715	160	32	generally	generally	ADV
fsr-3715	160	33	outperformed	outperform	VERB
fsr-3715	160	34	by	by	ADP
fsr-3715	160	35	shrinkage	shrinkage	NOUN
fsr-3715	160	36	estimators	estimator	NOUN
fsr-3715	160	37	.	.	PUNCT
fsr-3715	161	1	an	an	DET
fsr-3715	161	2	active	active	ADJ
fsr-3715	161	3	portfolio	portfolio	NOUN
fsr-3715	161	4	with	with	ADP
fsr-3715	161	5	expected	expect	VERB
fsr-3715	161	6	returns	return	NOUN
fsr-3715	161	7	based	base	VERB
fsr-3715	161	8	on	on	ADP
fsr-3715	161	9	the	the	DET
fsr-3715	161	10	capm	capm	PROPN
fsr-3715	161	11	produced	produce	VERB
fsr-3715	161	12	the	the	DET
fsr-3715	161	13	best	good	ADJ
fsr-3715	161	14	results	result	NOUN
fsr-3715	161	15	among	among	ADP
fsr-3715	161	16	all	all	DET
fsr-3715	161	17	actively	actively	ADV
fsr-3715	161	18	managed	manage	VERB
fsr-3715	161	19	portfo	portfo	ADJ
fsr-3715	161	20	lios	lio	NOUN
fsr-3715	161	21	;	;	PUNCT
fsr-3715	161	22	this	this	DET
fsr-3715	161	23	strategy	strategy	NOUN
fsr-3715	161	24	,	,	PUNCT
fsr-3715	161	25	as	as	SCONJ
fsr-3715	161	26	we	we	PRON
fsr-3715	161	27	show	show	VERB
fsr-3715	161	28	,	,	PUNCT
fsr-3715	161	29	closely	closely	ADV
fsr-3715	161	30	matches	match	VERB
fsr-3715	161	31	a	a	DET
fsr-3715	161	32	simple	simple	ADJ
fsr-3715	161	33	buy	buy	VERB
fsr-3715	161	34	-	-	PUNCT
fsr-3715	161	35	and	and	CCONJ
fsr-3715	161	36	-	-	PUNCT
fsr-3715	161	37	hold	hold	VERB
fsr-3715	161	38	the	the	DET
fsr-3715	161	39	market	market	NOUN
fsr-3715	161	40	rule	rule	NOUN
fsr-3715	161	41	.	.	PUNCT
fsr-3715	162	1	journal	journal	PROPN
fsr-3715	162	2	ofbanking	ofbanke	VERB
fsr-3715	162	3	and	and	CCONJ
fsr-3715	162	4	finance	finance	NOUN
fsr-3715	162	5	,	,	PUNCT
fsr-3715	162	6	june	june	PROPN
fsr-3715	162	7	1991,1.5(3	1991,1.5(3	NUM
fsr-3715	162	8	):	):	PUNCT
fsr-3715	162	9	717	717	NUM
fsr-3715	162	10	-	-	SYM
fsr-3715	162	11	727	727	NUM
fsr-3715	162	12	.	.	PUNCT
fsr-3715	163	1	(	(	PUNCT
fsr-3715	163	2	reprinted	reprint	VERB
fsr-3715	163	3	with	with	ADP
fsr-3715	163	4	permission	permission	NOUN
fsr-3715	163	5	of	of	ADP
fsr-3715	163	6	north	north	NOUN
fsr-3715	163	7	-	-	PUNCT
fsr-3715	163	8	holland	holland	PROPN
fsr-3715	163	9	publishing	publishing	PROPN
fsr-3715	163	10	company	company	NOUN
fsr-3715	163	11	.	.	PUNCT
fsr-3715	163	12	)	)	PUNCT
fsr-3715	164	1	the	the	DET
fsr-3715	164	2	dividend	dividend	NOUN
fsr-3715	164	3	-	-	PUNCT
fsr-3715	164	4	clientele	clientele	PROPN
fsr-3715	164	5	controversy	controversy	NOUN
fsr-3715	164	6	and	and	CCONJ
fsr-3715	164	7	the	the	DET
fsr-3715	164	8	tax	tax	NOUN
fsr-3715	164	9	reform	reform	PROPN
fsr-3715	164	10	act	act	NOUN
fsr-3715	164	11	of	of	ADP
fsr-3715	164	12	1986	1986	NUM
fsr-3715	164	13	,	,	PUNCT
fsr-3715	164	14	by	by	ADP
fsr-3715	164	15	douglas	douglas	PROPN
fsr-3715	164	16	hearth	hearth	PROPN
fsr-3715	164	17	and	and	CCONJ
fsr-3715	164	18	james	james	PROPN
fsr-3715	164	19	n.	n.	PROPN
fsr-3715	164	20	rimbey	rimbey	PROPN
fsr-3715	164	21	(	(	PUNCT
fsr-3715	164	22	university	university	NOUN
fsr-3715	164	23	of	of	ADP
fsr-3715	164	24	arkan	arkan	ADJ
fsr-3715	164	25	sas	sas	PROPN
fsr-3715	164	26	)	)	PUNCT
fsr-3715	164	27	.	.	PUNCT
fsr-3715	165	1	several	several	ADJ
fsr-3715	165	2	recent	recent	ADJ
fsr-3715	165	3	studies	study	NOUN
fsr-3715	165	4	employ	employ	VERB
fsr-3715	165	5	the	the	DET
fsr-3715	165	6	tax	tax	NOUN
fsr-3715	165	7	reform	reform	NOUN
fsr-3715	165	8	act	act	NOUN
fsr-3715	165	9	of	of	ADP
fsr-3715	165	10	1986	1986	NUM
fsr-3715	165	11	(	(	PUNCT
fsr-3715	165	12	tra	tra	NOUN
fsr-3715	165	13	)	)	PUNCT
fsr-3715	165	14	to	to	ADP
fsr-3715	165	15	reexam	reexam	NOUN
fsr-3715	165	16	ine	ine	VERB
fsr-3715	165	17	the	the	DET
fsr-3715	165	18	dividend	dividend	NOUN
fsr-3715	165	19	tax	tax	NOUN
fsr-3715	165	20	clientele	clientele	PROPN
fsr-3715	165	21	hypothesis	hypothesis	NOUN
fsr-3715	165	22	.	.	PUNCT
fsr-3715	166	1	because	because	SCONJ
fsr-3715	166	2	tra	tra	PROPN
fsr-3715	166	3	effectively	effectively	ADV
fsr-3715	166	4	equalized	equalize	VERB
fsr-3715	166	5	the	the	DET
fsr-3715	166	6	rate	rate	NOUN
fsr-3715	166	7	of	of	ADP
fsr-3715	166	8	taxation	taxation	NOUN
fsr-3715	166	9	between	between	ADP
fsr-3715	166	10	dividends	dividend	NOUN
fsr-3715	166	11	and	and	CCONJ
fsr-3715	166	12	capital	capital	NOUN
fsr-3715	166	13	gains	gain	NOUN
fsr-3715	166	14	,	,	PUNCT
fsr-3715	166	15	its	its	PRON
fsr-3715	166	16	implementation	implementation	NOUN
fsr-3715	166	17	should	should	AUX
fsr-3715	166	18	provide	provide	VERB
fsr-3715	166	19	a	a	DET
fsr-3715	166	20	platform	platform	NOUN
fsr-3715	166	21	for	for	ADP
fsr-3715	166	22	resolving	resolve	VERB
fsr-3715	166	23	this	this	DET
fsr-3715	166	24	controversy	controversy	NOUN
fsr-3715	166	25	.	.	PUNCT
fsr-3715	167	1	instead	instead	ADV
fsr-3715	167	2	,	,	PUNCT
fsr-3715	167	3	reported	report	VERB
fsr-3715	167	4	results	result	NOUN
fsr-3715	167	5	remain	remain	VERB
fsr-3715	167	6	sharply	sharply	ADV
fsr-3715	167	7	divergent	divergent	ADJ
fsr-3715	167	8	.	.	PUNCT
fsr-3715	168	1	this	this	DET
fsr-3715	168	2	study	study	NOUN
fsr-3715	168	3	attempts	attempt	VERB
fsr-3715	168	4	to	to	PART
fsr-3715	168	5	shed	shed	VERB
fsr-3715	168	6	new	new	ADJ
fsr-3715	168	7	light	light	NOUN
fsr-3715	168	8	on	on	ADP
fsr-3715	168	9	the	the	DET
fsr-3715	168	10	dividend	dividend	NOUN
fsr-3715	168	11	-	-	PUNCT
fsr-3715	168	12	clientele	clientele	PROPN
fsr-3715	168	13	question	question	NOUN
fsr-3715	168	14	through	through	ADP
fsr-3715	168	15	use	use	NOUN
fsr-3715	168	16	of	of	ADP
fsr-3715	168	17	a	a	DET
fsr-3715	168	18	method	method	NOUN
fsr-3715	168	19	that	that	PRON
fsr-3715	168	20	carefully	carefully	ADV
fsr-3715	168	21	matches	match	VERB
fsr-3715	168	22	preand	preand	VERB
fsr-3715	168	23	post	post	ADJ
fsr-3715	168	24	-	-	ADJ
fsr-3715	168	25	tra	tra	ADJ
fsr-3715	168	26	dividend	dividend	NOUN
fsr-3715	168	27	activity	activity	NOUN
fsr-3715	168	28	and	and	CCONJ
fsr-3715	168	29	avoids	avoid	VERB
fsr-3715	168	30	problems	problem	NOUN
fsr-3715	168	31	associated	associate	VERB
fsr-3715	168	32	with	with	ADP
fsr-3715	168	33	the	the	DET
fsr-3715	168	34	distribution	distribution	NOUN
fsr-3715	168	35	of	of	ADP
fsr-3715	168	36	data	datum	NOUN
fsr-3715	168	37	.	.	PUNCT
fsr-3715	169	1	no	no	DET
fsr-3715	169	2	significant	significant	ADJ
fsr-3715	169	3	or	or	CCONJ
fsr-3715	169	4	systematic	systematic	ADJ
fsr-3715	169	5	changes	change	NOUN
fsr-3715	169	6	in	in	ADP
fsr-3715	169	7	the	the	DET
fsr-3715	169	8	ex	ex	NOUN
fsr-3715	169	9	-	-	ADJ
fsr-3715	169	10	dividend	dividend	ADJ
fsr-3715	169	11	price	price	NOUN
fsr-3715	169	12	behavior	behavior	NOUN
fsr-3715	169	13	of	of	ADP
fsr-3715	169	14	common	common	ADJ
fsr-3715	169	15	stocks	stock	NOUN
fsr-3715	169	16	as	as	ADP
fsr-3715	169	17	a	a	DET
fsr-3715	169	18	result	result	NOUN
fsr-3715	169	19	of	of	ADP
fsr-3715	169	20	the	the	DET
fsr-3715	169	21	tax	tax	NOUN
fsr-3715	169	22	reform	reform	NOUN
fsr-3715	169	23	act	act	NOUN
fsr-3715	169	24	of	of	ADP
fsr-3715	169	25	1986	1986	NUM
fsr-3715	169	26	are	be	AUX
fsr-3715	169	27	reported	report	VERB
fsr-3715	169	28	.	.	PUNCT
fsr-3715	170	1	quarterly	quarterly	ADJ
fsr-3715	170	2	journal	journal	NOUN
fsr-3715	170	3	of	of	ADP
fsr-3715	170	4	business	business	NOUN
fsr-3715	170	5	and	and	CCONJ
fsr-3715	170	6	economics	economic	NOUN
fsr-3715	170	7	,	,	PUNCT
fsr-3715	170	8	winter	winter	NOUN
fsr-3715	170	9	1993	1993	NUM
fsr-3715	170	10	,	,	PUNCT
fsr-3715	170	11	32(l	32(l	NUM
fsr-3715	170	12	):	):	PUNCT
fsr-3715	170	13	68	68	NUM
fsr-3715	170	14	-	-	SYM
fsr-3715	170	15	81	81	NUM
fsr-3715	170	16	.	.	PUNCT
fsr-3715	171	1	(	(	PUNCT
fsr-3715	171	2	reprinted	reprint	VERB
fsr-3715	171	3	with	with	ADP
fsr-3715	171	4	permission	permission	NOUN
fsr-3715	171	5	of	of	ADP
fsr-3715	171	6	quarterly	quarterly	ADJ
fsr-3715	171	7	journul	journul	NOUN
fsr-3715	171	8	of	of	ADP
fsr-3715	171	9	business	business	NOUN
fsr-3715	171	10	and	and	CCONJ
fsr-3715	171	11	economics	economic	NOUN
fsr-3715	171	12	.	.	PUNCT
fsr-3715	171	13	)	)	PUNCT
fsr-3715	172	1	why	why	SCONJ
fsr-3715	172	2	do	do	AUX
fsr-3715	172	3	n’t	not	PART
fsr-3715	172	4	individuals	individual	NOUN
fsr-3715	172	5	speculate	speculate	VERB
fsr-3715	172	6	in	in	ADP
fsr-3715	172	7	the	the	DET
fsr-3715	172	8	forward	forward	ADJ
fsr-3715	172	9	foreign	foreign	ADJ
fsr-3715	172	10	exchange	exchange	NOUN
fsr-3715	172	11	market	market	NOUN
fsr-3715	172	12	?	?	PUNCT
fsr-3715	173	1	by	by	ADP
fsr-3715	173	2	c.	c.	PROPN
fsr-3715	173	3	a.	a.	PROPN
fsr-3715	173	4	e.	e.	PROPN
fsr-3715	173	5	goodhart	goodhart	PROPN
fsr-3715	173	6	and	and	CCONJ
fsr-3715	173	7	m.	m.	PROPN
fsr-3715	173	8	p.	p.	PROPN
fsr-3715	173	9	taylor	taylor	PROPN
fsr-3715	173	10	.	.	PUNCT
fsr-3715	174	1	it	it	PRON
fsr-3715	174	2	is	be	AUX
fsr-3715	174	3	shown	show	VERB
fsr-3715	174	4	,	,	PUNCT
fsr-3715	174	5	using	use	VERB
fsr-3715	174	6	institutional	institutional	ADJ
fsr-3715	174	7	evidence	evidence	NOUN
fsr-3715	174	8	,	,	PUNCT
fsr-3715	174	9	economic	economic	ADJ
fsr-3715	174	10	theory	theory	NOUN
fsr-3715	174	11	,	,	PUNCT
fsr-3715	174	12	and	and	CCONJ
fsr-3715	174	13	empirical	empirical	ADJ
fsr-3715	174	14	evidence	evidence	NOUN
fsr-3715	174	15	,	,	PUNCT
fsr-3715	174	16	that	that	SCONJ
fsr-3715	174	17	,	,	PUNCT
fsr-3715	174	18	given	give	VERB
fsr-3715	174	19	reasonable	reasonable	ADJ
fsr-3715	174	20	estimates	estimate	NOUN
fsr-3715	174	21	of	of	ADP
fsr-3715	174	22	individuals	individual	NOUN
fsr-3715	174	23	’	'	PUNCT
fsr-3715	174	24	coefficients	coefficient	NOUN
fsr-3715	174	25	of	of	ADP
fsr-3715	174	26	relative	relative	ADJ
fsr-3715	174	27	risk	risk	NOUN
fsr-3715	174	28	aversion	aversion	NOUN
fsr-3715	174	29	,	,	PUNCT
fsr-3715	174	30	the	the	DET
fsr-3715	174	31	combination	combination	NOUN
fsr-3715	174	32	of	of	ADP
fsr-3715	174	33	riskiness	riskiness	NOUN
fsr-3715	174	34	,	,	PUNCT
fsr-3715	174	35	minimal	minimal	ADJ
fsr-3715	174	36	size	size	NOUN
fsr-3715	174	37	of	of	ADP
fsr-3715	174	38	contract	contract	NOUN
fsr-3715	174	39	,	,	PUNCT
fsr-3715	174	40	and	and	CCONJ
fsr-3715	174	41	transac	transac	NOUN
fsr-3715	174	42	tions	tion	NOUN
fsr-3715	174	43	costs	cost	NOUN
fsr-3715	174	44	will	will	AUX
fsr-3715	174	45	deter	deter	VERB
fsr-3715	174	46	all	all	PRON
fsr-3715	174	47	but	but	SCONJ
fsr-3715	174	48	the	the	DET
fsr-3715	174	49	wealthiest	wealthy	ADJ
fsr-3715	174	50	individuals	individual	NOUN
fsr-3715	174	51	from	from	ADP
fsr-3715	174	52	seeking	seek	VERB
fsr-3715	174	53	to	to	PART
fsr-3715	174	54	speculate	speculate	VERB
fsr-3715	174	55	in	in	ADP
fsr-3715	174	56	the	the	DET
fsr-3715	174	57	forward	forward	ADJ
fsr-3715	174	58	foreign	foreign	ADJ
fsr-3715	174	59	exchange	exchange	NOUN
fsr-3715	174	60	market	market	NOUN
fsr-3715	174	61	.	.	PUNCT
fsr-3715	175	1	scottish	scottish	ADJ
fsr-3715	175	2	journal	journal	PROPN
fsr-3715	175	3	of	of	ADP
fsr-3715	175	4	political	political	ADJ
fsr-3715	175	5	economy	economy	NOUN
fsr-3715	175	6	,	,	PUNCT
fsr-3715	175	7	166	166	NUM
fsr-3715	175	8	financial	financial	ADJ
fsr-3715	175	9	services	service	NOUN
fsr-3715	175	10	review	review	NOUN
fsr-3715	175	11	,	,	PUNCT
fsr-3715	175	12	2(2	2(2	NUM
fsr-3715	175	13	)	)	PUNCT
fsr-3715	175	14	1993	1993	NUM
fsr-3715	175	15	february	february	PROPN
fsr-3715	175	16	1992,39	1992,39	NUM
fsr-3715	175	17	(	(	PUNCT
fsr-3715	175	18	1	1	NUM
fsr-3715	175	19	):	):	PUNCT
fsr-3715	175	20	1	1	NUM
fsr-3715	175	21	-	-	SYM
fsr-3715	175	22	13	13	NUM
fsr-3715	175	23	.	.	PUNCT
fsr-3715	176	1	(	(	PUNCT
fsr-3715	176	2	reprinted	reprint	VERB
fsr-3715	176	3	with	with	ADP
fsr-3715	176	4	permission	permission	NOUN
fsr-3715	176	5	of	of	ADP
fsr-3715	176	6	the	the	DET
fsr-3715	176	7	joumal	joumal	ADJ
fsr-3715	176	8	ofeconomic	ofeconomic	ADJ
fsr-3715	176	9	literature	literature	NOUN
fsr-3715	176	10	.	.	PUNCT
fsr-3715	176	11	)	)	PUNCT
fsr-3715	177	1	mutual	mutual	ADJ
fsr-3715	177	2	fund	fund	NOUN
fsr-3715	177	3	performance	performance	NOUN
fsr-3715	177	4	hot	hot	ADJ
fsr-3715	177	5	hands	hand	NOUN
fsr-3715	177	6	in	in	ADP
fsr-3715	177	7	mutual	mutual	ADJ
fsr-3715	177	8	funds	fund	NOUN
fsr-3715	177	9	:	:	PUNCT
fsr-3715	177	10	short	short	ADJ
fsr-3715	177	11	-	-	PUNCT
fsr-3715	177	12	run	run	NOUN
fsr-3715	177	13	persistence	persistence	NOUN
fsr-3715	177	14	of	of	ADP
fsr-3715	177	15	relative	relative	ADJ
fsr-3715	177	16	performance	performance	NOUN
fsr-3715	177	17	,	,	PUNCT
fsr-3715	177	18	1974	1974	NUM
fsr-3715	177	19	-	-	SYM
fsr-3715	177	20	1988	1988	NUM
fsr-3715	177	21	,	,	PUNCT
fsr-3715	177	22	by	by	ADP
fsr-3715	177	23	darryl1	darryl1	NOUN
fsr-3715	177	24	hendricks	hendrick	NOUN
fsr-3715	177	25	,	,	PUNCT
fsr-3715	177	26	jayendu	jayendu	NOUN
fsr-3715	177	27	patel	patel	NOUN
fsr-3715	177	28	,	,	PUNCT
fsr-3715	177	29	and	and	CCONJ
fsr-3715	177	30	richard	richard	PROPN
fsr-3715	177	31	zeckhauser	zeckhauser	PROPN
fsr-3715	177	32	(	(	PUNCT
fsr-3715	177	33	harvard	harvard	PROPN
fsr-3715	177	34	university	university	PROPN
fsr-3715	177	35	)	)	PUNCT
fsr-3715	177	36	.	.	PUNCT
fsr-3715	178	1	the	the	DET
fsr-3715	178	2	relative	relative	ADJ
fsr-3715	178	3	performance	performance	NOUN
fsr-3715	178	4	of	of	ADP
fsr-3715	178	5	no	no	DET
fsr-3715	178	6	-	-	PUNCT
fsr-3715	178	7	load	load	NOUN
fsr-3715	178	8	,	,	PUNCT
fsr-3715	178	9	growth	growth	NOUN
fsr-3715	178	10	-	-	PUNCT
fsr-3715	178	11	oriented	orient	VERB
fsr-3715	178	12	mutual	mutual	ADJ
fsr-3715	178	13	funds	fund	NOUN
fsr-3715	178	14	persists	persist	VERB
fsr-3715	178	15	in	in	ADP
fsr-3715	178	16	the	the	DET
fsr-3715	178	17	near	near	ADJ
fsr-3715	178	18	term	term	NOUN
fsr-3715	178	19	,	,	PUNCT
fsr-3715	178	20	with	with	ADP
fsr-3715	178	21	the	the	DET
fsr-3715	178	22	strongest	strong	ADJ
fsr-3715	178	23	evidence	evidence	NOUN
fsr-3715	178	24	for	for	ADP
fsr-3715	178	25	a	a	DET
fsr-3715	178	26	one	one	NUM
fsr-3715	178	27	-	-	PUNCT
fsr-3715	178	28	year	year	NOUN
fsr-3715	178	29	evaluation	evaluation	NOUN
fsr-3715	178	30	horizon	horizon	NOUN
fsr-3715	178	31	.	.	PUNCT
fsr-3715	179	1	portfolios	portfolio	NOUN
fsr-3715	179	2	of	of	ADP
fsr-3715	179	3	recent	recent	ADJ
fsr-3715	179	4	poor	poor	ADJ
fsr-3715	179	5	performers	performer	NOUN
fsr-3715	179	6	do	do	VERB
fsr-3715	179	7	significantly	significantly	ADV
fsr-3715	179	8	worse	bad	ADJ
fsr-3715	179	9	than	than	ADP
fsr-3715	179	10	standard	standard	ADJ
fsr-3715	179	11	bench	bench	NOUN
fsr-3715	179	12	marks	mark	NOUN
fsr-3715	179	13	;	;	PUNCT
fsr-3715	179	14	those	those	PRON
fsr-3715	179	15	of	of	ADP
fsr-3715	179	16	recent	recent	ADJ
fsr-3715	179	17	top	top	ADJ
fsr-3715	179	18	performers	performer	NOUN
fsr-3715	179	19	do	do	VERB
fsr-3715	179	20	better	well	ADV
fsr-3715	179	21	,	,	PUNCT
fsr-3715	179	22	though	though	SCONJ
fsr-3715	179	23	not	not	PART
fsr-3715	179	24	significantly	significantly	ADV
fsr-3715	179	25	so	so	ADV
fsr-3715	179	26	.	.	PUNCT
fsr-3715	180	1	the	the	DET
fsr-3715	180	2	difference	difference	NOUN
fsr-3715	180	3	in	in	ADP
fsr-3715	180	4	risk	risk	NOUN
fsr-3715	180	5	-	-	PUNCT
fsr-3715	180	6	adjusted	adjust	VERB
fsr-3715	180	7	performance	performance	NOUN
fsr-3715	180	8	between	between	ADP
fsr-3715	180	9	the	the	DET
fsr-3715	180	10	top	top	ADJ
fsr-3715	180	11	and	and	CCONJ
fsr-3715	180	12	bottom	bottom	ADJ
fsr-3715	180	13	octile	octile	ADJ
fsr-3715	180	14	portfolios	portfolio	NOUN
fsr-3715	180	15	is	be	AUX
fsr-3715	180	16	six	six	NUM
fsr-3715	180	17	to	to	PART
fsr-3715	180	18	eight	eight	NUM
fsr-3715	180	19	percent	percent	NOUN
fsr-3715	180	20	per	per	ADP
fsr-3715	180	21	year	year	NOUN
fsr-3715	180	22	.	.	PUNCT
fsr-3715	181	1	these	these	DET
fsr-3715	181	2	results	result	NOUN
fsr-3715	181	3	are	be	AUX
fsr-3715	181	4	not	not	PART
fsr-3715	181	5	attributable	attributable	ADJ
fsr-3715	181	6	to	to	ADP
fsr-3715	181	7	known	know	VERB
fsr-3715	181	8	anomalies	anomaly	NOUN
fsr-3715	181	9	or	or	CCONJ
fsr-3715	181	10	survivorship	survivorship	NOUN
fsr-3715	181	11	bias	bias	NOUN
fsr-3715	181	12	.	.	PUNCT
fsr-3715	182	1	investigations	investigation	NOUN
fsr-3715	182	2	with	with	ADP
fsr-3715	182	3	a	a	DET
fsr-3715	182	4	different	different	ADJ
fsr-3715	182	5	(	(	PUNCT
fsr-3715	182	6	previously	previously	ADV
fsr-3715	182	7	used	use	VERB
fsr-3715	182	8	)	)	PUNCT
fsr-3715	182	9	data	datum	NOUN
fsr-3715	182	10	set	set	VERB
fsr-3715	182	11	and	and	CCONJ
fsr-3715	182	12	with	with	ADP
fsr-3715	182	13	some	some	DET
fsr-3715	182	14	post-1988	post-1988	NOUN
fsr-3715	182	15	data	datum	NOUN
fsr-3715	182	16	confirm	confirm	VERB
fsr-3715	182	17	the	the	DET
fsr-3715	182	18	find	find	NOUN
fsr-3715	182	19	of	of	ADP
fsr-3715	182	20	persistence	persistence	NOUN
fsr-3715	182	21	.	.	PUNCT
fsr-3715	183	1	the	the	DET
fsr-3715	183	2	journal	journal	PROPN
fsr-3715	183	3	offinance	offinance	NOUN
fsr-3715	183	4	,	,	PUNCT
fsr-3715	183	5	march	march	PROPN
fsr-3715	183	6	1993,48	1993,48	NUM
fsr-3715	183	7	(	(	PUNCT
fsr-3715	183	8	1	1	NUM
fsr-3715	183	9	):	):	PUNCT
fsr-3715	183	10	93	93	NUM
fsr-3715	183	11	-	-	SYM
fsr-3715	183	12	130	130	NUM
fsr-3715	183	13	.	.	PUNCT
fsr-3715	184	1	(	(	PUNCT
fsr-3715	184	2	reprinted	reprint	VERB
fsr-3715	184	3	with	with	ADP
fsr-3715	184	4	permission	permission	NOUN
fsr-3715	184	5	of	of	ADP
fsr-3715	184	6	the	the	DET
fsr-3715	184	7	journal	journal	NOUN
fsr-3715	184	8	offinunce	offinunce	NOUN
fsr-3715	184	9	.	.	PUNCT
fsr-3715	184	10	)	)	PUNCT
fsr-3715	185	1	real	real	ADJ
fsr-3715	185	2	estate	estate	NOUN
fsr-3715	185	3	investment	investment	NOUN
fsr-3715	185	4	reducing	reduce	VERB
fsr-3715	185	5	taxes	taxis	NOUN
fsr-3715	185	6	on	on	ADP
fsr-3715	185	7	the	the	DET
fsr-3715	185	8	disposition	disposition	NOUN
fsr-3715	185	9	of	of	ADP
fsr-3715	185	10	a	a	DET
fsr-3715	185	11	personal	personal	ADJ
fsr-3715	185	12	residence	residence	NOUN
fsr-3715	185	13	with	with	ADP
fsr-3715	185	14	acreage	acreage	NOUN
fsr-3715	185	15	,	,	PUNCT
fsr-3715	185	16	by	by	ADP
fsr-3715	185	17	michael	michael	PROPN
fsr-3715	185	18	m.	m.	PROPN
fsr-3715	185	19	megaard	megaard	PROPN
fsr-3715	185	20	(	(	PUNCT
fsr-3715	185	21	lt.&ins	lt.&in	NOUN
fsr-3715	185	22	and	and	CCONJ
fsr-3715	185	23	annis	anni	NOUN
fsr-3715	185	24	,	,	PUNCT
fsr-3715	185	25	spokane	spokane	PROPN
fsr-3715	185	26	,	,	PUNCT
fsr-3715	185	27	wa	wa	NOUN
fsr-3715	185	28	)	)	PUNCT
fsr-3715	185	29	and	and	CCONJ
fsr-3715	185	30	susan	susan	PROPN
fsr-3715	185	31	l.	l.	PROPN
fsr-3715	185	32	megaard	megaard	PROPN
fsr-3715	185	33	(	(	PUNCT
fsr-3715	185	34	eastern	eastern	PROPN
fsr-3715	185	35	washington	washington	PROPN
fsr-3715	185	36	university	university	PROPN
fsr-3715	185	37	)	)	PUNCT
fsr-3715	185	38	.	.	PUNCT
fsr-3715	186	1	after	after	SCONJ
fsr-3715	186	2	the	the	DET
fsr-3715	186	3	rules	rule	NOUN
fsr-3715	186	4	for	for	ADP
fsr-3715	186	5	deferring	defer	VERB
fsr-3715	186	6	gain	gain	NOUN
fsr-3715	186	7	under	under	ADP
fsr-3715	186	8	section	section	NOUN
fsr-3715	186	9	1034	1034	NUM
fsr-3715	186	10	and	and	CCONJ
fsr-3715	186	11	excluding	exclude	VERB
fsr-3715	186	12	gain	gain	NOUN
fsr-3715	186	13	under	under	ADP
fsr-3715	186	14	section	section	NOUN
fsr-3715	186	15	121	121	NUM
fsr-3715	186	16	on	on	ADP
fsr-3715	186	17	dispositions	disposition	NOUN
fsr-3715	186	18	of	of	ADP
fsr-3715	186	19	a	a	DET
fsr-3715	186	20	personal	personal	ADJ
fsr-3715	186	21	residence	residence	NOUN
fsr-3715	186	22	are	be	AUX
fsr-3715	186	23	explained	explain	VERB
fsr-3715	186	24	,	,	PUNCT
fsr-3715	186	25	the	the	DET
fsr-3715	186	26	focus	focus	NOUN
fsr-3715	186	27	is	be	AUX
fsr-3715	186	28	on	on	ADP
fsr-3715	186	29	how	how	SCONJ
fsr-3715	186	30	to	to	PART
fsr-3715	186	31	use	use	VERB
fsr-3715	186	32	these	these	DET
fsr-3715	186	33	sections	section	NOUN
fsr-3715	186	34	in	in	ADP
fsr-3715	186	35	combination	combination	NOUN
fsr-3715	186	36	to	to	PART
fsr-3715	186	37	minimize	minimize	VERB
fsr-3715	186	38	taxes	taxis	NOUN
fsr-3715	186	39	where	where	SCONJ
fsr-3715	186	40	a	a	DET
fsr-3715	186	41	home	home	NOUN
fsr-3715	186	42	is	be	AUX
fsr-3715	186	43	sold	sell	VERB
fsr-3715	186	44	with	with	ADP
fsr-3715	186	45	acreage	acreage	NOUN
fsr-3715	186	46	in	in	ADP
fsr-3715	186	47	one	one	NUM
fsr-3715	186	48	transaction	transaction	NOUN
fsr-3715	186	49	or	or	CCONJ
fsr-3715	186	50	in	in	ADP
fsr-3715	186	51	separate	separate	ADJ
fsr-3715	186	52	parcels	parcel	NOUN
fsr-3715	186	53	.	.	PUNCT
fsr-3715	187	1	the	the	DET
fsr-3715	187	2	journal	journal	NOUN
fsr-3715	187	3	of	of	ADP
fsr-3715	187	4	real	real	ADJ
fsr-3715	187	5	estate	estate	NOUN
fsr-3715	187	6	taxation	taxation	NOUN
fsr-3715	187	7	,	,	PUNCT
fsr-3715	187	8	spring	spring	NOUN
fsr-3715	187	9	1993,20(3	1993,20(3	NUM
fsr-3715	187	10	):	):	PUNCT
fsr-3715	187	11	269	269	NUM
fsr-3715	187	12	-	-	SYM
fsr-3715	187	13	284	284	NUM
fsr-3715	187	14	.	.	PUNCT
fsr-3715	188	1	(	(	PUNCT
fsr-3715	188	2	reprinted	reprint	VERB
fsr-3715	188	3	with	with	ADP
fsr-3715	188	4	permission	permission	NOUN
fsr-3715	188	5	of	of	ADP
fsr-3715	188	6	the	the	DET
fsr-3715	188	7	journul	journul	NOUN
fsr-3715	188	8	of	of	ADP
fsr-3715	188	9	real	real	ADJ
fsr-3715	188	10	estate	estate	NOUN
fsr-3715	188	11	taxation	taxation	NOUN
fsr-3715	188	12	.	.	PUNCT
fsr-3715	188	13	)	)	PUNCT
fsr-3715	189	1	planning	plan	VERB
fsr-3715	189	2	for	for	ADP
fsr-3715	189	3	the	the	DET
fsr-3715	189	4	“	"	PUNCT
fsr-3715	189	5	temporary	temporary	ADJ
fsr-3715	189	6	rental	rental	NOUN
fsr-3715	189	7	”	"	PUNCT
fsr-3715	189	8	of	of	ADP
fsr-3715	189	9	a	a	DET
fsr-3715	189	10	principal	principal	ADJ
fsr-3715	189	11	residence	residence	NOUN
fsr-3715	189	12	,	,	PUNCT
fsr-3715	189	13	by	by	ADP
fsr-3715	189	14	cynthia	cynthia	PROPN
fsr-3715	189	15	e.	e.	PROPN
fsr-3715	189	16	bird	bird	PROPN
fsr-3715	189	17	(	(	PUNCT
fsr-3715	189	18	california	california	PROPN
fsr-3715	189	19	state	state	PROPN
fsr-3715	189	20	university	university	PROPN
fsr-3715	189	21	,	,	PUNCT
fsr-3715	189	22	san	san	PROPN
fsr-3715	189	23	bernardino	bernardino	PROPN
fsr-3715	189	24	)	)	PUNCT
fsr-3715	189	25	.	.	PUNCT
fsr-3715	190	1	the	the	DET
fsr-3715	190	2	tax	tax	NOUN
fsr-3715	190	3	consequences	consequence	NOUN
fsr-3715	190	4	of	of	ADP
fsr-3715	190	5	a	a	DET
fsr-3715	190	6	rental	rental	NOUN
fsr-3715	190	7	of	of	ADP
fsr-3715	190	8	a	a	DET
fsr-3715	190	9	personal	personal	ADJ
fsr-3715	190	10	residence	residence	NOUN
fsr-3715	190	11	are	be	AUX
fsr-3715	190	12	discussed	discuss	VERB
fsr-3715	190	13	and	and	CCONJ
fsr-3715	190	14	suggestions	suggestion	NOUN
fsr-3715	190	15	are	be	AUX
fsr-3715	190	16	made	make	VERB
fsr-3715	190	17	with	with	ADP
fsr-3715	190	18	regard	regard	NOUN
fsr-3715	190	19	to	to	ADP
fsr-3715	190	20	structuring	structure	VERB
fsr-3715	190	21	the	the	DET
fsr-3715	190	22	rental	rental	NOUN
fsr-3715	190	23	to	to	PART
fsr-3715	190	24	maximize	maximize	VERB
fsr-3715	190	25	the	the	DET
fsr-3715	190	26	tax	tax	NOUN
fsr-3715	190	27	benefits	benefit	NOUN
fsr-3715	190	28	during	during	ADP
fsr-3715	190	29	the	the	DET
fsr-3715	190	30	rental	rental	ADJ
fsr-3715	190	31	period	period	NOUN
fsr-3715	190	32	and	and	CCONJ
fsr-3715	190	33	preserve	preserve	VERB
fsr-3715	190	34	the	the	DET
fsr-3715	190	35	opportunity	opportunity	NOUN
fsr-3715	190	36	for	for	ADP
fsr-3715	190	37	deferral	deferral	NOUN
fsr-3715	190	38	of	of	ADP
fsr-3715	190	39	gain	gain	NOUN
fsr-3715	190	40	on	on	ADP
fsr-3715	190	41	disposition	disposition	NOUN
fsr-3715	190	42	.	.	PUNCT
fsr-3715	191	1	the	the	DET
fsr-3715	191	2	journal	journal	NOUN
fsr-3715	191	3	of	of	ADP
fsr-3715	191	4	real	real	ADJ
fsr-3715	191	5	estate	estate	NOUN
fsr-3715	191	6	taxation	taxation	NOUN
fsr-3715	191	7	,	,	PUNCT
fsr-3715	191	8	winter	winter	NOUN
fsr-3715	191	9	,	,	PUNCT
fsr-3715	191	10	1993,20(2	1993,20(2	NOUN
fsr-3715	191	11	):	):	PUNCT
fsr-3715	191	12	135	135	NUM
fsr-3715	191	13	-	-	SYM
fsr-3715	191	14	148	148	NUM
fsr-3715	191	15	.	.	PUNCT
fsr-3715	192	1	(	(	PUNCT
fsr-3715	192	2	reprinted	reprint	VERB
fsr-3715	192	3	with	with	ADP
fsr-3715	192	4	permission	permission	NOUN
fsr-3715	192	5	of	of	ADP
fsr-3715	192	6	the	the	DET
fsr-3715	192	7	journal	journal	NOUN
fsr-3715	192	8	of	of	ADP
fsr-3715	192	9	real	real	ADJ
fsr-3715	192	10	estate	estate	NOUN
fsr-3715	192	11	taxation	taxation	NOUN
fsr-3715	192	12	.	.	PUNCT
fsr-3715	192	13	)	)	PUNCT
fsr-3715	193	1	abstracts	abstract	NOUN
fsr-3715	193	2	of	of	ADP
fsr-3715	193	3	articles	article	NOUN
fsr-3715	193	4	on	on	ADP
fsr-3715	193	5	individual	individual	ADJ
fsr-3715	193	6	financial	financial	ADJ
fsr-3715	193	7	mangement	mangement	NOUN
fsr-3715	193	8	167	167	NUM
fsr-3715	193	9	an	an	DET
fsr-3715	193	10	empirical	empirical	ADJ
fsr-3715	193	11	analysis	analysis	NOUN
fsr-3715	193	12	of	of	ADP
fsr-3715	193	13	housing	housing	NOUN
fsr-3715	193	14	price	price	NOUN
fsr-3715	193	15	appreciation	appreciation	NOUN
fsr-3715	193	16	in	in	ADP
fsr-3715	193	17	a	a	DET
fsr-3715	193	18	market	market	NOUN
fsr-3715	193	19	stratified	stratify	VERB
fsr-3715	193	20	by	by	ADP
fsr-3715	193	21	size	size	NOUN
fsr-3715	193	22	and	and	CCONJ
fsr-3715	193	23	value	value	NOUN
fsr-3715	193	24	of	of	ADP
fsr-3715	193	25	the	the	DET
fsr-3715	193	26	housing	housing	NOUN
fsr-3715	193	27	stock	stock	NOUN
fsr-3715	193	28	,	,	PUNCT
fsr-3715	193	29	by	by	ADP
fsr-3715	193	30	j.	j.	PROPN
fsr-3715	193	31	allen	allen	PROPN
fsr-3715	193	32	seward	seward	PROPN
fsr-3715	193	33	,	,	PUNCT
fsr-3715	193	34	charles	charles	PROPN
fsr-3715	193	35	j.	j.	PROPN
fsr-3715	193	36	delaney	delaney	PROPN
fsr-3715	193	37	(	(	PUNCT
fsr-3715	193	38	baylor	baylor	PROPN
fsr-3715	193	39	university	university	PROPN
fsr-3715	193	40	)	)	PUNCT
fsr-3715	193	41	and	and	CCONJ
fsr-3715	193	42	marc	marc	PROPN
fsr-3715	193	43	t.	t.	PROPN
fsr-3715	193	44	smith	smith	PROPN
fsr-3715	193	45	(	(	PUNCT
fsr-3715	193	46	university	university	PROPN
fsr-3715	193	47	of	of	ADP
fsr-3715	193	48	florida	florida	PROPN
fsr-3715	193	49	)	)	PUNCT
fsr-3715	193	50	.	.	PUNCT
fsr-3715	194	1	this	this	DET
fsr-3715	194	2	paper	paper	NOUN
fsr-3715	194	3	examines	examine	VERB
fsr-3715	194	4	the	the	DET
fsr-3715	194	5	relationship	relationship	NOUN
fsr-3715	194	6	between	between	ADP
fsr-3715	194	7	house	house	NOUN
fsr-3715	194	8	size	size	NOUN
fsr-3715	194	9	and	and	CCONJ
fsr-3715	194	10	appreciation	appreciation	NOUN
fsr-3715	194	11	,	,	PUNCT
fsr-3715	194	12	and	and	CCONJ
fsr-3715	194	13	house	house	NOUN
fsr-3715	194	14	value	value	NOUN
fsr-3715	194	15	and	and	CCONJ
fsr-3715	194	16	appreciation	appreciation	NOUN
fsr-3715	194	17	evidenced	evidence	VERB
fsr-3715	194	18	in	in	ADP
fsr-3715	194	19	the	the	DET
fsr-3715	194	20	date	date	NOUN
fsr-3715	194	21	collected	collect	VERB
fsr-3715	194	22	from	from	ADP
fsr-3715	194	23	a	a	DET
fsr-3715	194	24	single	single	ADJ
fsr-3715	194	25	geo	geo	PROPN
fsr-3715	194	26	graphic	graphic	ADJ
fsr-3715	194	27	region	region	NOUN
fsr-3715	194	28	.	.	PUNCT
fsr-3715	195	1	the	the	DET
fsr-3715	195	2	analysis	analysis	NOUN
fsr-3715	195	3	of	of	ADP
fsr-3715	195	4	the	the	DET
fsr-3715	195	5	data	data	NOUN
fsr-3715	195	6	suggests	suggest	VERB
fsr-3715	195	7	that	that	SCONJ
fsr-3715	195	8	high	high	ADJ
fsr-3715	195	9	price	price	NOUN
fsr-3715	195	10	housing	housing	NOUN
fsr-3715	195	11	appreciates	appreciate	VERB
fsr-3715	195	12	at	at	ADP
fsr-3715	195	13	a	a	DET
fsr-3715	195	14	more	more	ADV
fsr-3715	195	15	rapid	rapid	ADJ
fsr-3715	195	16	rate	rate	NOUN
fsr-3715	195	17	than	than	ADP
fsr-3715	195	18	low	low	ADJ
fsr-3715	195	19	and	and	CCONJ
fsr-3715	195	20	medium	medium	ADJ
fsr-3715	195	21	price	price	NOUN
fsr-3715	195	22	housing	housing	NOUN
fsr-3715	195	23	during	during	ADP
fsr-3715	195	24	expansionary	expansionary	ADJ
fsr-3715	195	25	periods	period	NOUN
fsr-3715	195	26	,	,	PUNCT
fsr-3715	195	27	and	and	CCONJ
fsr-3715	195	28	there	there	PRON
fsr-3715	195	29	is	be	VERB
fsr-3715	195	30	no	no	DET
fsr-3715	195	31	statistical	statistical	ADJ
fsr-3715	195	32	difference	difference	NOUN
fsr-3715	195	33	in	in	ADP
fsr-3715	195	34	the	the	DET
fsr-3715	195	35	rates	rate	NOUN
fsr-3715	195	36	of	of	ADP
fsr-3715	195	37	price	price	NOUN
fsr-3715	195	38	change	change	NOUN
fsr-3715	195	39	in	in	ADP
fsr-3715	195	40	contractionary	contractionary	ADJ
fsr-3715	195	41	periods	period	NOUN
fsr-3715	195	42	.	.	PUNCT
fsr-3715	196	1	further	far	ADV
fsr-3715	196	2	,	,	PUNCT
fsr-3715	196	3	the	the	DET
fsr-3715	196	4	rate	rate	NOUN
fsr-3715	196	5	of	of	ADP
fsr-3715	196	6	price	price	NOUN
fsr-3715	196	7	change	change	NOUN
fsr-3715	196	8	for	for	ADP
fsr-3715	196	9	larger	large	ADJ
fsr-3715	196	10	homes	home	NOUN
fsr-3715	196	11	exhibits	exhibit	VERB
fsr-3715	196	12	no	no	DET
fsr-3715	196	13	consistent	consistent	ADJ
fsr-3715	196	14	difference	difference	NOUN
fsr-3715	196	15	from	from	ADP
fsr-3715	196	16	the	the	DET
fsr-3715	196	17	rate	rate	NOUN
fsr-3715	196	18	of	of	ADP
fsr-3715	196	19	change	change	NOUN
fsr-3715	196	20	for	for	ADP
fsr-3715	196	21	small	small	ADJ
fsr-3715	196	22	and	and	CCONJ
fsr-3715	196	23	medium	medium	ADJ
fsr-3715	196	24	size	size	NOUN
fsr-3715	196	25	housing	housing	NOUN
fsr-3715	196	26	for	for	ADP
fsr-3715	196	27	the	the	DET
fsr-3715	196	28	time	time	NOUN
fsr-3715	196	29	period	period	NOUN
fsr-3715	196	30	studied	study	VERB
fsr-3715	196	31	.	.	PUNCT
fsr-3715	197	1	the	the	DET
fsr-3715	197	2	journal	journal	NOUN
fsr-3715	197	3	of	of	ADP
fsr-3715	197	4	real	real	ADJ
fsr-3715	197	5	estate	estate	NOUN
fsr-3715	197	6	research	research	NOUN
fsr-3715	197	7	,	,	PUNCT
fsr-3715	197	8	spring	spring	NOUN
fsr-3715	197	9	1992,7(2	1992,7(2	NUM
fsr-3715	197	10	):	):	PUNCT
fsr-3715	197	11	195	195	NUM
fsr-3715	197	12	-	-	SYM
fsr-3715	197	13	205	205	NUM
fsr-3715	197	14	.	.	PUNCT
fsr-3715	198	1	(	(	PUNCT
fsr-3715	198	2	reprinted	reprint	VERB
fsr-3715	198	3	with	with	ADP
fsr-3715	198	4	permission	permission	NOUN
fsr-3715	198	5	of	of	ADP
fsr-3715	198	6	the	the	DET
fsr-3715	198	7	journal	journal	NOUN
fsr-3715	198	8	of	of	ADP
fsr-3715	198	9	real	real	ADJ
fsr-3715	198	10	estate	estate	NOUN
fsr-3715	198	11	research	research	NOUN
fsr-3715	198	12	.	.	PUNCT
fsr-3715	198	13	)	)	PUNCT
fsr-3715	199	1	taxation	taxation	NOUN
fsr-3715	199	2	is	be	AUX
fsr-3715	199	3	the	the	DET
fsr-3715	199	4	child	child	NOUN
fsr-3715	199	5	care	care	NOUN
fsr-3715	199	6	credit	credit	NOUN
fsr-3715	199	7	progressive	progressive	ADJ
fsr-3715	199	8	?	?	PUNCT
fsr-3715	200	1	by	by	ADP
fsr-3715	200	2	a.	a.	PROPN
fsr-3715	200	3	dunbar	dunbar	PROPN
fsr-3715	200	4	and	and	CCONJ
fsr-3715	200	5	s.	s.	PROPN
fsr-3715	200	6	nordhauser	nordhauser	PROPN
fsr-3715	200	7	.	.	PUNCT
fsr-3715	201	1	the	the	DET
fsr-3715	201	2	child	child	NOUN
fsr-3715	201	3	care	care	NOUN
fsr-3715	201	4	credit	credit	NOUN
fsr-3715	201	5	has	have	AUX
fsr-3715	201	6	been	be	AUX
fsr-3715	201	7	widely	widely	ADV
fsr-3715	201	8	perceived	perceive	VERB
fsr-3715	201	9	as	as	ADP
fsr-3715	201	10	regressive	regressive	ADJ
fsr-3715	201	11	because	because	SCONJ
fsr-3715	201	12	critics	critic	NOUN
fsr-3715	201	13	claim	claim	VERB
fsr-3715	201	14	that	that	SCONJ
fsr-3715	201	15	more	more	ADJ
fsr-3715	201	16	credit	credit	NOUN
fsr-3715	201	17	is	be	AUX
fsr-3715	201	18	claimed	claim	VERB
fsr-3715	201	19	by	by	ADP
fsr-3715	201	20	high	high	ADJ
fsr-3715	201	21	-	-	PUNCT
fsr-3715	201	22	income	income	NOUN
fsr-3715	201	23	taxpayers	taxpayer	NOUN
fsr-3715	201	24	than	than	ADP
fsr-3715	201	25	low	low	ADJ
fsr-3715	201	26	-	-	PUNCT
fsr-3715	201	27	income	income	NOUN
fsr-3715	201	28	taxpayers	taxpayer	NOUN
fsr-3715	201	29	.	.	PUNCT
fsr-3715	202	1	the	the	DET
fsr-3715	202	2	credit	credit	NOUN
fsr-3715	202	3	was	be	AUX
fsr-3715	202	4	changed	change	VERB
fsr-3715	202	5	in	in	ADP
fsr-3715	202	6	1981	1981	NUM
fsr-3715	202	7	in	in	ADP
fsr-3715	202	8	an	an	DET
fsr-3715	202	9	effort	effort	NOUN
fsr-3715	202	10	to	to	PART
fsr-3715	202	11	make	make	VERB
fsr-3715	202	12	it	it	PRON
fsr-3715	202	13	more	more	ADV
fsr-3715	202	14	progressive	progressive	ADJ
fsr-3715	202	15	.	.	PUNCT
fsr-3715	203	1	nevertheless	nevertheless	ADV
fsr-3715	203	2	,	,	PUNCT
fsr-3715	203	3	the	the	DET
fsr-3715	203	4	perception	perception	NOUN
fsr-3715	203	5	that	that	SCONJ
fsr-3715	203	6	the	the	DET
fsr-3715	203	7	credit	credit	NOUN
fsr-3715	203	8	is	be	AUX
fsr-3715	203	9	regressive	regressive	ADJ
fsr-3715	203	10	persists	persist	NOUN
fsr-3715	203	11	.	.	PUNCT
fsr-3715	204	1	this	this	DET
fsr-3715	204	2	paper	paper	NOUN
fsr-3715	204	3	applies	apply	VERB
fsr-3715	204	4	three	three	NUM
fsr-3715	204	5	measures	measure	NOUN
fsr-3715	204	6	of	of	ADP
fsr-3715	204	7	tax	tax	NOUN
fsr-3715	204	8	progressivity	progressivity	NOUN
fsr-3715	204	9	to	to	ADP
fsr-3715	204	10	a	a	DET
fsr-3715	204	11	sample	sample	NOUN
fsr-3715	204	12	of	of	ADP
fsr-3715	204	13	taxpayer	taxpayer	NOUN
fsr-3715	204	14	data	datum	NOUN
fsr-3715	204	15	to	to	PART
fsr-3715	204	16	determine	determine	VERB
fsr-3715	204	17	whether	whether	SCONJ
fsr-3715	204	18	the	the	DET
fsr-3715	204	19	child	child	NOUN
fsr-3715	204	20	care	care	NOUN
fsr-3715	204	21	credit	credit	NOUN
fsr-3715	204	22	was	be	AUX
fsr-3715	204	23	regressive	regressive	ADJ
fsr-3715	204	24	during	during	ADP
fsr-3715	204	25	1979	1979	NUM
fsr-3715	204	26	-	-	SYM
fsr-3715	204	27	86	86	NUM
fsr-3715	204	28	and	and	CCONJ
fsr-3715	204	29	whether	whether	SCONJ
fsr-3715	204	30	changes	change	NOUN
fsr-3715	204	31	made	make	VERB
fsr-3715	204	32	in	in	ADP
fsr-3715	204	33	1981	1981	NUM
fsr-3715	204	34	made	make	VERB
fsr-3715	204	35	it	it	PRON
fsr-3715	204	36	more	more	ADV
fsr-3715	204	37	progressive	progressive	ADJ
fsr-3715	204	38	.	.	PUNCT
fsr-3715	205	1	the	the	DET
fsr-3715	205	2	conclusion	conclusion	NOUN
fsr-3715	205	3	is	be	AUX
fsr-3715	205	4	that	that	SCONJ
fsr-3715	205	5	the	the	DET
fsr-3715	205	6	credit	credit	NOUN
fsr-3715	205	7	was	be	AUX
fsr-3715	205	8	progressive	progressive	ADJ
fsr-3715	205	9	over	over	ADP
fsr-3715	205	10	the	the	DET
fsr-3715	205	11	entire	entire	ADJ
fsr-3715	205	12	period	period	NOUN
fsr-3715	205	13	,	,	PUNCT
fsr-3715	205	14	becoming	become	VERB
fsr-3715	205	15	more	more	ADV
fsr-3715	205	16	progressive	progressive	ADJ
fsr-3715	205	17	after	after	ADP
fsr-3715	205	18	198	198	NUM
fsr-3715	205	19	1	1	NUM
fsr-3715	205	20	.	.	PUNCT
fsr-3715	205	21	national	national	ADJ
fsr-3715	205	22	tax	tax	PROPN
fsr-3715	205	23	journal	journal	PROPN
fsr-3715	205	24	,	,	PUNCT
fsr-3715	205	25	part	part	NOUN
fsr-3715	205	26	2	2	NUM
fsr-3715	205	27	,	,	PUNCT
fsr-3715	205	28	december	december	PROPN
fsr-3715	205	29	1991,44(4	1991,44(4	PROPN
fsr-3715	205	30	):	):	PUNCT
fsr-3715	205	31	519	519	NUM
fsr-3715	205	32	-	-	SYM
fsr-3715	205	33	528	528	NUM
fsr-3715	205	34	.	.	PUNCT
fsr-3715	206	1	(	(	PUNCT
fsr-3715	206	2	reprinted	reprint	VERB
fsr-3715	206	3	with	with	ADP
fsr-3715	206	4	permission	permission	NOUN
fsr-3715	206	5	of	of	ADP
fsr-3715	206	6	the	the	DET
fsr-3715	206	7	national	national	ADJ
fsr-3715	206	8	tax	tax	PROPN
fsr-3715	206	9	journal	journal	PROPN
fsr-3715	206	10	.	.	PUNCT
fsr-3715	206	11	)	)	PUNCT
fsr-3715	207	1	capital	capital	NOUN
fsr-3715	207	2	gains	gain	NOUN
fsr-3715	207	3	tax	tax	NOUN
fsr-3715	207	4	and	and	CCONJ
fsr-3715	207	5	equity	equity	NOUN
fsr-3715	207	6	values	value	NOUN
fsr-3715	207	7	:	:	PUNCT
fsr-3715	207	8	empirical	empirical	ADJ
fsr-3715	207	9	test	test	NOUN
fsr-3715	207	10	of	of	ADP
fsr-3715	207	11	stock	stock	NOUN
fsr-3715	207	12	price	price	NOUN
fsr-3715	207	13	reaction	reaction	NOUN
fsr-3715	207	14	to	to	ADP
fsr-3715	207	15	the	the	DET
fsr-3715	207	16	introduction	introduction	NOUN
fsr-3715	207	17	and	and	CCONJ
fsr-3715	207	18	reduction	reduction	NOUN
fsr-3715	207	19	of	of	ADP
fsr-3715	207	20	capital	capital	NOUN
fsr-3715	207	21	gains	gain	NOUN
fsr-3715	207	22	tax	tax	NOUN
fsr-3715	207	23	exemption	exemption	NOUN
fsr-3715	207	24	,	,	PUNCT
fsr-3715	207	25	by	by	ADP
fsr-3715	207	26	ben	ben	PROPN
fsr-3715	207	27	amoako	amoako	PROPN
fsr-3715	207	28	-	-	PUNCT
fsr-3715	207	29	adu	adu	PROPN
fsr-3715	207	30	(	(	PUNCT
fsr-3715	207	31	wilfrid	wilfrid	PROPN
fsr-3715	207	32	laurier	laurier	PROPN
fsr-3715	207	33	university	university	PROPN
fsr-3715	207	34	,	,	PUNCT
fsr-3715	207	35	water	water	NOUN
fsr-3715	207	36	loo	loo	PROPN
fsr-3715	207	37	,	,	PUNCT
fsr-3715	207	38	canada	canada	PROPN
fsr-3715	207	39	)	)	PUNCT
fsr-3715	207	40	,	,	PUNCT
fsr-3715	207	41	m.	m.	NOUN
fsr-3715	207	42	rashid	rashid	PROPN
fsr-3715	207	43	(	(	PUNCT
fsr-3715	207	44	university	university	NOUN
fsr-3715	207	45	of	of	ADP
fsr-3715	207	46	new	new	PROPN
fsr-3715	207	47	brunswick	brunswick	PROPN
fsr-3715	207	48	,	,	PUNCT
fsr-3715	207	49	canada	canada	PROPN
fsr-3715	207	50	)	)	PUNCT
fsr-3715	207	51	and	and	CCONJ
fsr-3715	207	52	m.	m.	NOUN
fsr-3715	207	53	stebbins	stebbins	PROPN
fsr-3715	207	54	(	(	PUNCT
fsr-3715	207	55	mount	mount	PROPN
fsr-3715	207	56	saint	saint	PROPN
fsr-3715	207	57	vincent	vincent	PROPN
fsr-3715	207	58	university	university	PROPN
fsr-3715	207	59	,	,	PUNCT
fsr-3715	207	60	halifax	halifax	PROPN
fsr-3715	207	61	,	,	PUNCT
fsr-3715	207	62	canada	canada	PROPN
fsr-3715	207	63	)	)	PUNCT
fsr-3715	207	64	.	.	PUNCT
fsr-3715	208	1	this	this	DET
fsr-3715	208	2	paper	paper	NOUN
fsr-3715	208	3	evaluates	evaluate	VERB
fsr-3715	208	4	the	the	DET
fsr-3715	208	5	differential	differential	ADJ
fsr-3715	208	6	effect	effect	NOUN
fsr-3715	208	7	on	on	ADP
fsr-3715	208	8	stock	stock	NOUN
fsr-3715	208	9	prices	price	NOUN
fsr-3715	208	10	of	of	ADP
fsr-3715	208	11	the	the	DET
fsr-3715	208	12	introduction	introduction	NOUN
fsr-3715	208	13	in	in	ADP
fsr-3715	208	14	canada	canada	PROPN
fsr-3715	208	15	of	of	ADP
fsr-3715	208	16	$	$	SYM
fsr-3715	208	17	500,000	500,000	NUM
fsr-3715	208	18	capital	capital	NOUN
fsr-3715	208	19	gains	gain	NOUN
fsr-3715	208	20	tax	tax	NOUN
fsr-3715	208	21	exemption	exemption	NOUN
fsr-3715	208	22	and	and	CCONJ
fsr-3715	208	23	the	the	DET
fsr-3715	208	24	reduction	reduction	NOUN
fsr-3715	208	25	of	of	ADP
fsr-3715	208	26	this	this	DET
fsr-3715	208	27	limit	limit	NOUN
fsr-3715	208	28	to	to	ADP
fsr-3715	208	29	$	$	SYM
fsr-3715	208	30	100,000	100,000	NUM
fsr-3715	208	31	two	two	NUM
fsr-3715	208	32	years	year	NOUN
fsr-3715	208	33	later	later	ADV
fsr-3715	208	34	.	.	PUNCT
fsr-3715	209	1	using	use	VERB
fsr-3715	209	2	the	the	DET
fsr-3715	209	3	seemingly	seemingly	ADV
fsr-3715	209	4	unrelated	unrelated	ADJ
fsr-3715	209	5	regression	regression	NOUN
fsr-3715	209	6	methodology	methodology	NOUN
fsr-3715	209	7	and	and	CCONJ
fsr-3715	209	8	controlling	control	VERB
fsr-3715	209	9	for	for	ADP
fsr-3715	209	10	thin	thin	ADJ
fsr-3715	209	11	-	-	PUNCT
fsr-3715	209	12	trading	trading	NOUN
fsr-3715	209	13	and	and	CCONJ
fsr-3715	209	14	heteroscedasticity	heteroscedasticity	NOUN
fsr-3715	209	15	,	,	PUNCT
fsr-3715	209	16	the	the	DET
fsr-3715	209	17	empirical	empirical	ADJ
fsr-3715	209	18	evidence	evidence	NOUN
fsr-3715	209	19	indicates	indicate	VERB
fsr-3715	209	20	that	that	SCONJ
fsr-3715	209	21	the	the	DET
fsr-3715	209	22	changes	change	NOUN
fsr-3715	209	23	in	in	ADP
fsr-3715	209	24	capital	capital	NOUN
fsr-3715	209	25	gains	gain	NOUN
fsr-3715	209	26	tax	tax	NOUN
fsr-3715	209	27	laws	law	NOUN
fsr-3715	209	28	has	have	VERB
fsr-3715	209	29	a	a	DET
fsr-3715	209	30	differential	differential	ADJ
fsr-3715	209	31	effect	effect	NOUN
fsr-3715	209	32	on	on	ADP
fsr-3715	209	33	168	168	NUM
fsr-3715	209	34	financial	financial	ADJ
fsr-3715	209	35	services	service	NOUN
fsr-3715	209	36	review	review	NOUN
fsr-3715	209	37	,	,	PUNCT
fsr-3715	209	38	2(2	2(2	NUM
fsr-3715	209	39	)	)	PUNCT
fsr-3715	209	40	1993	1993	NUM
fsr-3715	209	41	low	low	ADJ
fsr-3715	209	42	-	-	PUNCT
fsr-3715	209	43	dividend	dividend	NOUN
fsr-3715	209	44	yield	yield	NOUN
fsr-3715	209	45	and	and	CCONJ
fsr-3715	209	46	high	high	ADJ
fsr-3715	209	47	-	-	PUNCT
fsr-3715	209	48	dividend	dividend	NOUN
fsr-3715	209	49	yield	yield	NOUN
fsr-3715	209	50	stocks	stock	NOUN
fsr-3715	209	51	on	on	ADP
fsr-3715	209	52	both	both	DET
fsr-3715	209	53	occasions	occasion	NOUN
fsr-3715	209	54	.	.	PUNCT
fsr-3715	210	1	while	while	SCONJ
fsr-3715	210	2	the	the	DET
fsr-3715	210	3	evidence	evidence	NOUN
fsr-3715	210	4	indicates	indicate	VERB
fsr-3715	210	5	that	that	SCONJ
fsr-3715	210	6	the	the	DET
fsr-3715	210	7	stock	stock	NOUN
fsr-3715	210	8	market	market	NOUN
fsr-3715	210	9	anticipated	anticipate	VERB
fsr-3715	210	10	the	the	DET
fsr-3715	210	11	1985	1985	NUM
fsr-3715	210	12	capital	capital	NOUN
fsr-3715	210	13	gains	gain	NOUN
fsr-3715	210	14	tax	tax	NOUN
fsr-3715	210	15	law	law	NOUN
fsr-3715	210	16	changes	change	NOUN
fsr-3715	210	17	,	,	PUNCT
fsr-3715	210	18	the	the	DET
fsr-3715	210	19	significant	significant	ADJ
fsr-3715	210	20	market	market	NOUN
fsr-3715	210	21	reaction	reaction	NOUN
fsr-3715	210	22	to	to	ADP
fsr-3715	210	23	the	the	DET
fsr-3715	210	24	1987	1987	NUM
fsr-3715	210	25	reduction	reduction	NOUN
fsr-3715	210	26	of	of	ADP
fsr-3715	210	27	the	the	DET
fsr-3715	210	28	exemption	exemption	NOUN
fsr-3715	210	29	occurred	occur	VERB
fsr-3715	210	30	a	a	DET
fsr-3715	210	31	day	day	NOUN
fsr-3715	210	32	before	before	ADV
fsr-3715	210	33	and	and	CCONJ
fsr-3715	210	34	after	after	ADP
fsr-3715	210	35	the	the	DET
fsr-3715	210	36	reading	reading	NOUN
fsr-3715	210	37	of	of	ADP
fsr-3715	210	38	the	the	DET
fsr-3715	210	39	tax	tax	NOUN
fsr-3715	210	40	reform	reform	NOUN
fsr-3715	210	41	proposals	proposal	NOUN
fsr-3715	210	42	in	in	ADP
fsr-3715	210	43	parliament	parliament	NOUN
fsr-3715	210	44	.	.	PUNCT
fsr-3715	211	1	thus	thus	ADV
fsr-3715	211	2	,	,	PUNCT
fsr-3715	211	3	it	it	PRON
fsr-3715	211	4	can	can	AUX
fsr-3715	211	5	be	be	AUX
fsr-3715	211	6	inferred	infer	VERB
fsr-3715	211	7	from	from	ADP
fsr-3715	211	8	the	the	DET
fsr-3715	211	9	results	result	NOUN
fsr-3715	211	10	that	that	PRON
fsr-3715	211	11	,	,	PUNCT
fsr-3715	211	12	despite	despite	SCONJ
fsr-3715	211	13	the	the	DET
fsr-3715	211	14	presence	presence	NOUN
fsr-3715	211	15	of	of	ADP
fsr-3715	211	16	tax	tax	NOUN
fsr-3715	211	17	-	-	PUNCT
fsr-3715	211	18	sheltering	shelter	VERB
fsr-3715	211	19	opportunities	opportunity	NOUN
fsr-3715	211	20	in	in	ADP
fsr-3715	211	21	canada	canada	PROPN
fsr-3715	211	22	,	,	PUNCT
fsr-3715	211	23	changes	change	NOUN
fsr-3715	211	24	in	in	ADP
fsr-3715	211	25	capital	capital	NOUN
fsr-3715	211	26	gains	gain	NOUN
fsr-3715	211	27	tax	tax	NOUN
fsr-3715	211	28	laws	law	NOUN
fsr-3715	211	29	affect	affect	VERB
fsr-3715	211	30	equity	equity	NOUN
fsr-3715	211	31	values	value	NOUN
fsr-3715	211	32	.	.	PUNCT
fsr-3715	212	1	journal	journal	NOUN
fsr-3715	212	2	of	of	ADP
fsr-3715	212	3	banking	banking	NOUN
fsr-3715	212	4	and	and	CCONJ
fsr-3715	212	5	finance	finance	NOUN
fsr-3715	212	6	,	,	PUNCT
fsr-3715	212	7	april	april	PROPN
fsr-3715	212	8	1992	1992	NUM
fsr-3715	212	9	,	,	PUNCT
fsr-3715	212	10	16(2	16(2	NUM
fsr-3715	212	11	):	):	PUNCT
fsr-3715	212	12	275	275	NUM
fsr-3715	212	13	-	-	SYM
fsr-3715	212	14	287	287	NUM
fsr-3715	212	15	.	.	PUNCT
fsr-3715	213	1	(	(	PUNCT
fsr-3715	213	2	reprinted	reprint	VERB
fsr-3715	213	3	with	with	ADP
fsr-3715	213	4	permission	permission	NOUN
fsr-3715	213	5	of	of	ADP
fsr-3715	213	6	north	north	NOUN
fsr-3715	213	7	-	-	PUNCT
fsr-3715	213	8	holland	holland	PROPN
fsr-3715	213	9	publishing	publishing	PROPN
fsr-3715	213	10	company	company	NOUN
fsr-3715	213	11	)	)	PUNCT
fsr-3715	213	12	.	.	PUNCT