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Compensation and the abandoned property of the 1948 Palestinian refugees: Assessment and implications

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  • Lewis, Frank D.

Abstract

This paper extends the analysis of "Agricultural Property and the 1948 Palestinian Refugees: Assessing the Loss" (Lewis 1996) to non-agricultural property. The estimate is based mainly on the area of urban property abandoned by refugees, where valuations are based on contemporary transfer prices, tax payable on the property, and inferences about rent. The amounts are much higher than those derived by the United Nations Conciliation Commission in 1951. Still the total implied by this paper and (Lewis 1996) is such that if Israel were to pay the overall loss as compensation, the transfers are unlikely to have a serious impact on their economy
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  • Lewis, Frank D., 2007. "Compensation and the abandoned property of the 1948 Palestinian refugees: Assessment and implications," Explorations in Economic History, Elsevier, vol. 44(4), pages 523-537, October.
    • Handle: RePEc:eee:exehis:v:44:y:2007:i:4:p:523-537
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    1. Brakman,Steven & Marrewijk,Charles van, 2009. "The Economics of International Transfers," Cambridge Books, Cambridge University Press, number 9780521118729, September.
    2. Lewis, Frank D., 1996. "Agricultural Property and the 1948 Palestinian Refugees: Assessing the Loss," Explorations in Economic History, Elsevier, vol. 33(2), pages 169-194, April.
    3. Metzer,Jacob, 1998. "The Divided Economy of Mandatory Palestine," Cambridge Books, Cambridge University Press, number 9780521465502, September.
    4. Devereux, Michael B. & Smith, Gregor W., 2007. "Transfer problem dynamics: Macroeconomics of the Franco-Prussian war indemnity," Journal of Monetary Economics, Elsevier, vol. 54(8), pages 2375-2398, November.
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