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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/10010319569
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/10010884191
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/10010269350
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/10005014666
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/10012597341
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/10010319567
: homeownership. The 1999 rise in the French Delalande tax on firms that laid off older workers produced an unexpected exogenous rise …
Persistent link: https://www.econbiz.de/10014567573
We investigate the difference in homeownership rates between natives and first-generation immigrants in France, and how … this difference evolves over the 1975-1999 period, by using a large longitudinal dataset. We find that the homeownership … gap is large and has increased. Entries into the territory have a large negative effect on the evolution of homeownership …
Persistent link: https://www.econbiz.de/10011401773
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/10011744564
homeownership experience during the recent housing boom and housing bust was not homogenous across all groups in the U.S. The recent … deterioration of underwriting practices and a boom in mortgage lending did not benefit minorities and immigrant homeownership in the … U.S. Blacks experienced significantly lower increase in homeownership than the whites but highest exit from …
Persistent link: https://www.econbiz.de/10010291348