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Land transfer taxes are a substantial portion of the cost of moving house in many developed countries. Since stamp duties are endogenous with respect to the house price, we create an instrumental variable that is the stamp duty on a property, given that postcode's starting house price and the...
Persistent link: https://www.econbiz.de/10013079730
Much has been written identifying property price effects of historic preservation policies. Little attention has been paid to the possible policy endogeneity in hedonic price models. This paper outlines a general case of land use regulation in the presence of externalities and then demonstrates...
Persistent link: https://www.econbiz.de/10012763935
We analyze the welfare implications of property taxation. Using a sufficient statistics approach, we show that the tax incidence depends on how housing prices, labor and other types of incomes as well as public services respond to property tax changes. Empirically, we exploit the German...
Persistent link: https://www.econbiz.de/10013238648
This paper investigates post-2000 trends in homeownership rates in the US by immigrant status, race, and ethnicity …. Homeownership rates for most groups examined rose during the housing boom of the early and mid-2000s but fell during and after the … housing bust. By 2015 homeownership rates had fallen below year 2000 levels for most groups but not all. In particular, some …
Persistent link: https://www.econbiz.de/10012952598
the relative costs of homeownership versus renting, changes in household structure, and residential mobility toward larger …
Persistent link: https://www.econbiz.de/10012906517
We present empirical evidence on the heterogeneity in monetary policy transmission across countries with different home ownership rates. We use household-level data together with shocks to the policy rate identified from high-frequency data. We find that housing tenure reacts more strongly to...
Persistent link: https://www.econbiz.de/10012906518
hypothesis that homeownership probabilities can be affected by marriage market expectations and pessimistic marriage market … that up to a certain threshold, the probability of homeownership decreases when the marriage market prospect indicator …
Persistent link: https://www.econbiz.de/10012908894
Quality of life differences across areas can be measured by differences in “real wages”, where real wages are computed as nominal wages adjusted for the cost of living. Computing cost of living differences involves several important issues, including how housing prices should be measured....
Persistent link: https://www.econbiz.de/10013103501
Because of the many advantages of homeownership for immigrants and for the communities where immigrants reside, a … variety of countries have implemented policies that facilitate immigrant homeownership. Although these policies hinge on … immigration status, the link between immigration status and homeownership is yet to be carefully explored. Using a recent survey …
Persistent link: https://www.econbiz.de/10013104074
We study the link between homeownership and entrepreneurship using a model of occupational choice and housing tenure … amplifying risk aversion, diminish the likelihood that homeowners start a business; (ii) the negative link between homeownership …
Persistent link: https://www.econbiz.de/10013080871