Faculty Directory

Faculty Information

CHESTER S. SPATT

Pamela R. and Kenneth B. Dunn Professor of Finance; Director, Center for Financial Markets

Former Chief Economist and Director, Office of Economic Analysis, U.S. Securities and Exchange Commission (July 2004-July 2007)

Email:
cspatt@andrew.cmu.edu

Papers on Taxation and Asset Allocation:

• Taxes and Investment Choice
  Annual Review of Financial Economics 4, 2012; 411-429.
  (With: -Robert Dammon)
  
  
• Taxes, Estate Planning and Financial Theory: New Insights and Perspectives
  April 2007
  (With: -Robert Dammon -Harold Zhang)
  
  
• Remarks by Chester Spatt on the Presentation of the Paul A. Samuelson Award for Publication on Lifetime Financial Security by TIAA-CREF, January 7, 2005, at the Allied Social Science Association meetings in Philadelphia.
  
  
• Maximizing Long-Term Wealth Accumulation: It's Not Just about "What" Investments to Make, but also "Where" to Make Them
  Research Dialogue of TIAA-CREF Institute , September 2005; 1-12.
  (With: -Robert Dammon -James Poterba -Harold Zhang)
  
  
• Optimal Asset Location and Allocation with Taxable and Tax-Deferred Investing
  Journal of Finance 59, 2004; 999-1037.
  (With: -Robert Dammon -Harold Zhang)
  
  
• Capital Gains Taxes and Portfolio Rebalancing
  Research Dialogue of TIAA-CREF Institute , March 2003; 1-14.
  (With: -Robert Dammon -Harold Zhang)
  
  
• Optimal Consumption and Investment with Capital Gains Taxes
  Review of Financial Studies 14, 2001; 583-616.
  (With: -Robert Dammon -Harold Zhang)
  
  
• Diversification and Capital Gains Taxes with Multiple Risky Assets
  August 2001
  (With: -Robert Dammon -Harold Zhang)
  
  
• The Optimal Trading and Pricing of Securities with Asymmetric Capital Gains Taxes and Transaction Costs
  Review of Financial Studies 9, 1996; 921-952.
  (With: -Robert Dammon)
  
  
• A Reexamination of the Value of Tax Options
  The Review of Financial Studies 2, 1989; 341-372.
  (With: -Kenneth Dunn -Robert Dammon)