Kortelainen, Mika; Saarimaa, Tuukka - 2012 - This version February 2012, work in progress
evidence of positive externalities from neighborhood homeownership rate. This result is robust to relaxing the identification …Homeownership is heavily subsidized in many countries mainly through the tax code. The adverse effects of lenient tax … argument in favor of subsidizing owner-occupied housing is that it creates positive externalities or social benefits that …
