Article ID Journal Published Year Pages File Type
5061113 Economics Letters 2010 4 Pages PDF
Abstract

We 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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Related Topics
Social Sciences and Humanities Economics, Econometrics and Finance Economics and Econometrics
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Do investors respond to tax reform? Evidence from a natural experiment in Germany
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