Do investors respond to tax reform? Evidence from a natural experiment in Germany
AbstractWe present new evidence for the importance of taxation in households' investment decisions. A difference-in-difference analysis shows that a tax reform in Germany which revoked the tax exemption of life insurance returns triggered a significant increase in demand prior to the reform.
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Bibliographic InfoArticle provided by Elsevier in its journal Economics Letters.
Volume (Year): 108 (2010)
Issue (Month): 2 (August)
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Web page: http://www.elsevier.com/locate/ecolet
Tax incentives Life insurance Capital income taxation;
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