We study how taxes and subsidies affect portfolio choices in a laboratory experiment. We find highly significant … when an income tax has to be paid or when a subsidy is paid. If we combine both a tax and a subsidy, this effect … intensifies. -- tax perception ; risk-taking behavior ; portfolio choice ; distorting taxation ; tax ; subsidy ; behavioral …

Ausübungsstrategie, erhoben durch ein Simulationsmodell, und das empirische Ausübungsverhalten, erhoben mittels Experiment, in …

laboratory experiment in which subjects have to decide on the composition of an asset portfolio. Our simple design enables us to … distinguish between Real Tax Effects and Perception Effects when a proportional income tax, with and without a full loss offset …