Do investors respond to tax reform? Evidence from a natural experiment in Germany

Nicolas Sauter () and Joachim Winter ()

Economics Letters, 2010, vol. 108, issue 2, 193-196

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.

Keywords: Tax; incentives; Life; insurance; Capital; income; taxation (search for similar items in EconPapers)
Date: 2010
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Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecolet:v:108:y:2010:i:2:p:193-196

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