Ackermann, Hagen; Fochmann, Martin; Mihm, Benedikt - 2012
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 …