Fossen, Frank; Rees, Ray; Rostam-Afschar, Davud; … - 2017
business income to tax authorities, we show that a fall in the tax rate may increase investment in risky entrepreneurial … business equity at the intensive margin, but decrease entrepreneurial investment at the extensive margin. To test these … hypotheses, we use household survey panel data for Germany eliciting the personal wealth composition in detail in 2002, 2007, and …