Title of article :
Housingpolicyandtheprogressivityofincometaxation
Author/Authors :
Matthew Chambers، نويسنده ,
Issue Information :
روزنامه با شماره پیاپی سال 2008
Abstract :
Most countrieshavetaxprovisionsandsubsidiestopromotehomeownership.These
provisionsgenerateanasymmetryinthetaxtreatmentofowner-andrental-occupied
housing,whichaffectstheincentivestosupplytenant-occupiedhousing.Thispaper
analyzesthequantitativeimportanceoftheinteractionoftheseprovisionswiththe
progressivityofincometaxationinthecontextofanoverlappinggenerationsmodel
with housingandrentalmarkets.Themodelreplicatesthekeyfactsobservedinthe
economy,aswellasdistributionalpatternsofownership,housesize,andlandlord
behavior.Themodelsuggeststhattheprogressivityofincometaxationcanamplifyor
mitigatetheeffectsoftheasymmetrieswithimportantimplicationsforhousingtenure,
housingconsumption,portfolioreallocations,andwelfarethatdifferfromthose
reportedintheliterature
Keywords :
Incomplete marketsHeterogeneous consumers
Journal title :
Journal of Monetary Economics
Journal title :
Journal of Monetary Economics
