Marcel Fischer

Copenhagen Business School

Solbjerg Plads 3

Frederiksberg C, DK - 2000

Denmark

SCHOLARLY PAPERS

20

DOWNLOADS
Rank 35,334

SSRN RANKINGS

Top 35,334

in Total Papers Downloads

2,802

SSRN CITATIONS
Rank 22,798

SSRN RANKINGS

Top 22,798

in Total Papers Citations

50

CROSSREF CITATIONS

7

Scholarly Papers (20)

1.

Asset Allocation Over the Life Cycle: How Much Do Taxes Matter?

Journal of Economic Dynamics and Control, Forthcoming
Number of pages: 54 Posted: 26 Sep 2010 Last Revised: 17 May 2013
Holger Kraft, Marcel Fischer and Claus Munk
Goethe University Frankfurt, Copenhagen Business School and Copenhagen Business School
Downloads 329 (178,576)
Citation 3

Abstract:

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Portfolio Choice, Life Cycle Asset Allocation, Taxation, Unspanned Labor Income

2.

Optimal Life Cycle Portfolio Choice with Housing Market Cycles

Review of Financial Studies 26(9), 2311-2352
Number of pages: 56 Posted: 21 Nov 2010 Last Revised: 12 Aug 2013
Marcel Fischer and Michael Z. Stamos
Copenhagen Business School and Allianz Global Investors
Downloads 287 (206,176)
Citation 13

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asset allocation, portfolio choice, housing market cycles, real estate

3.

Heuristic Portfolio Trading Rules with Capital Gain Taxes

Journal of Financial Economics 119(3), 611-625, 2016
Number of pages: 33 Posted: 07 Nov 2012 Last Revised: 07 Apr 2016
Marcel Fischer and Michael F. Gallmeyer
Copenhagen Business School and University of Virginia (UVA) - McIntire School of Commerce
Downloads 272 (217,910)
Citation 9

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portfolio choice, capital gain taxation, limited use of capital losses, heuristic trading rules

4.

Optimal Tax-Timing and Asset Allocation when Tax Rebates on Capital Losses are Limited

Journal of Banking and Finance, Vol. 36, Issue 7, 2048-2063
Number of pages: 39 Posted: 07 Jul 2007 Last Revised: 13 May 2012
Marcel Fischer
Copenhagen Business School
Downloads 245 (241,598)
Citation 4

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asset allocation, portfolio choice, tax-timing, tax loss carry-forward

5.

Are Bonds Desirable in Tax-Deferred Accounts?

Number of pages: 37 Posted: 07 Jul 2007 Last Revised: 25 Jul 2008
Marcel Fischer
Copenhagen Business School
Downloads 226 (261,256)

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asset location, asset allocation, limited capital loss deduction, tax-deferred accounts, loss carryforward, asset location puzzle

6.

Optimal Portfolio Choice with Wash Sale Constraints

Journal of Economic Dynamics and Control, Vol. 35, No. 11, pp. 1916-1937
Number of pages: 38 Posted: 23 Sep 2009 Last Revised: 12 Aug 2014
Bjarne Astrup Jensen and Marcel Fischer
Copenhagen Business School - Department of Finance and Copenhagen Business School
Downloads 191 (305,158)

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wash sale restrictions, asset allocation, portfolio choice, capital gains taxation

7.

Taxable and Tax-Deferred Investing with the Limited Use of Losses

Review of Finance 21(5), 1847-1873 (2016)
Number of pages: 32 Posted: 19 May 2013 Last Revised: 29 Sep 2017
Marcel Fischer and Michael F. Gallmeyer
Copenhagen Business School and University of Virginia (UVA) - McIntire School of Commerce
Downloads 183 (316,988)
Citation 9

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portfolio choice, limited use of capital losses, tax-deferred investing, asset location

8.

Betting on Homes

Swiss Finance Institute Research Paper No. 22-73
Number of pages: 48 Posted: 13 Sep 2022 Last Revised: 15 Sep 2022
Marcel Fischer, Roland Füss, Daniel Ruf and Simon Stehle
Copenhagen Business School, Swiss Finance Institute, University of Cambridge - Department of Land Economy and University of Konstanz - Department of Economics
Downloads 178 (325,078)

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Capital gains; housing market; institutional investors; local markets; risk exposure; upside potential.

9.

Mandatory pension saving and homeownership

Number of pages: 39 Posted: 22 Sep 2022 Last Revised: 03 Jun 2024
Marcel Fischer, Bjarne Astrup Jensen and Marlene Koch
Copenhagen Business School, Copenhagen Business School - Department of Finance and Maastricht University - School of Business and Economics
Downloads 149 (378,100)

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retirement saving, homeownership, pension system design, loan-to-value ratio, housing market entry JEL Classification Codes: E21

10.

Local House Price Comovements

University of St.Gallen, School of Finance Research Paper No. 2019/06
Number of pages: 43 Posted: 13 Jun 2019
Marcel Fischer, Roland Füss and Simon Stehle
Copenhagen Business School, Swiss Finance Institute and University of Konstanz - Department of Economics
Downloads 129 (423,512)

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housing market, price comovements, urban economics, real estate, repeat sales

11.

Taxation, Transfer Income and Stock Market Participation

Review of Finance, 19(2), 823-863
Number of pages: 34 Posted: 22 Feb 2012 Last Revised: 24 Apr 2015
Marcel Fischer and Bjarne Astrup Jensen
Copenhagen Business School and Copenhagen Business School - Department of Finance
Downloads 108 (483,716)
Citation 1

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redistributive taxation, portfolio choice, asset pricing, stock market participation

12.

How Do Assessed Values Affect the Transaction Prices of Homes?

Number of pages: 65 Posted: 25 Aug 2022 Last Revised: 29 Nov 2023
Marcel Fischer, Patrick Hauf and Simon Stehle
Copenhagen Business School, ZHAW School of Management and Law and University of Konstanz - Department of Economics
Downloads 97 (521,237)

Abstract:

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Assessed values; house prices; transaction prices; quasi-experiment; property taxation

13.

Housing Decision with Divorce Risk

International Economic Review, Vol. 60(3), 2019
Number of pages: 47 Posted: 19 Dec 2018 Last Revised: 16 Jan 2019
Marcel Fischer and Natalia Khorunzhina
Copenhagen Business School and Copenhagen Business School - Faculty of Economics and Business Administration
Downloads 96 (524,854)
Citation 1

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household finance, real estate, life cycle, divorce risk, family economics

14.

Optimal Retirement Savings over the Life Cycle: A Deterministic Analysis in Closed Form

Number of pages: 42 Posted: 10 Mar 2023
Marcel Fischer, Bjarne Astrup Jensen and Marlene Koch
Copenhagen Business School, Copenhagen Business School - Department of Finance and Maastricht University - School of Business and Economics
Downloads 82 (578,508)

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retirement saving, tax-deferred investing, borrowing constraints, labor income

15.

The Debt Tax Shield in General Equilibrium

Journal of Banking and Finance, 100, 151-166
Number of pages: 60 Posted: 27 Jan 2019 Last Revised: 30 Jan 2019
Marcel Fischer and Bjarne Astrup Jensen
Copenhagen Business School and Copenhagen Business School - Department of Finance
Downloads 77 (599,756)

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debt tax shield, corporate leverage, general equilibrium, endowment economy, redistributive taxation

16.

Heuristic Portfolio Rules with Labor Income

Number of pages: 26 Posted: 02 Nov 2023
Marcel Fischer and Marlene Koch
Copenhagen Business School and Maastricht University - School of Business and Economics
Downloads 75 (608,732)

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consumption-savings decisions, heuristic portfolio choice, life cycle model, household finance

17.

Life cycle consumption and portfolio choice under real interest rate risk

Number of pages: 21 Posted: 15 Apr 2024
Marcel Fischer and Natascha Jankowski
Copenhagen Business School and University of Konstanz
Downloads 40 (809,352)

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consumption-savings decisions, real interest rate risk, life cycle model, household finance

18.

Homeownership Decisions in the Bust

Number of pages: 43 Posted: 19 Jun 2023
Marcel Fischer, Natalia Khorunzhina and Julie Marx
Copenhagen Business School, Copenhagen Business School - Faculty of Economics and Business Administration and Copenhagen Business School
Downloads 38 (824,592)

Abstract:

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household finance, real estate finance, housing market bust, demand for homeownership

19.

The Tradeoff Between Mutual Fund and Direct Stock Investments – A Theoretical Analysis Involving Different Types of Investors

Posted: 23 Mar 2016
Marcel Fischer and Bertram I. Steininger
Copenhagen Business School and Royal Institute of Technology (KTH)

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Portfolio choice, Mutual funds Management fees, Transaction costs, Diversification

Life Cycle Asset Allocation in the Presence of Housing and Tax-Deferred Investing

Journal of Economic Dynamics and Control, Vol. 37, No. 6, 2013
Posted: 01 Nov 2014
Goethe University Frankfurt - Department of Finance, Copenhagen Business School and University of Regensburg - International Real Estate Business School (IREBS)

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Portfolio choice, housing, tax-deferred investing, tax arbitrage