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;
Other versions of this item:
- Sauter, Nicolas & Winter, Joachim, 2010. "Do investors respond to tax reform? Evidence from a natural experiment in Germany," Munich Reprints in Economics 19739, University of Munich, Department of Economics.
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Tullio Jappelli & Luigi Pistaferri, 2001.
"Tax Incentives and the Demand for Life Insurance: Evidence from Italy,"
CSEF Working Papers
52, Centre for Studies in Economics and Finance (CSEF), University of Naples, Italy.
- Jappelli, Tullio & Pistaferri, Luigi, 2003. "Tax incentives and the demand for life insurance: evidence from Italy," Journal of Public Economics, Elsevier, vol. 87(7-8), pages 1779-1799, August.
- Jappelli, Tullio & Pistaferri, Luigi, 2001. "Tax Incentives and the Demand for Life Insurance: Evidence from Italy," CEPR Discussion Papers 2787, C.E.P.R. Discussion Papers.
- James M. Poterba & Andrew Samwick, 1999.
"Taxation and Household Portfolio Composition: U.S. Evidence from the 1980s and 1990s,"
NBER Working Papers
7392, National Bureau of Economic Research, Inc.
- Poterba, James M. & Samwick, Andrew A., 2003. "Taxation and household portfolio composition: US evidence from the 1980s and 1990s," Journal of Public Economics, Elsevier, vol. 87(1), pages 5-38, January.
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