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Federal policy and the mobility of older homeowners

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  • Sandra J. Newman
  • James D. Reschovsky

Abstract

The elderly's immobility is of public policy concern because it may jeopardize both individual and community welfare. Elderly households may face obstacles to moving which either lock them into their current homes or out of suitable alternatives. Only one federal policy (the one-time capital gains exclusion), addresses the mobility of the elderly, but it has been ineffective and probably inequitable. Alternative policies range from targeting the provision more tightly to reallocating its $1 to $2 billion in annual revenue losses for appropriate categorical assistance. Until the elderly's immobility is more clearly understood, tighter targeting is the preferred course.

Suggested Citation

  • Sandra J. Newman & James D. Reschovsky, 1987. "Federal policy and the mobility of older homeowners," Journal of Policy Analysis and Management, John Wiley & Sons, Ltd., vol. 6(3), pages 402-416.
    • Handle: RePEc:wly:jpamgt:v:6:y:1987:i:3:p:402-416
    DOI: 10.2307/3324852
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    Cited by:

    1. Amelia M. Biehl & William H. Hoyt, 2014. "The Taxpayer Relief Act Of 1997 And Homeownership: Is Smaller Now Better?," Economic Inquiry, Western Economic Association International, vol. 52(2), pages 646-658, April.
    2. Shan, Hui, 2011. "The effect of capital gains taxation on home sales: Evidence from the Taxpayer Relief Act of 1997," Journal of Public Economics, Elsevier, vol. 95(1), pages 177-188.
    3. Patric H. Hendershott & Kyung-Hwan Kim & Jin Man Lee & James D. Shilling, 2021. "Announcement Effects: Taxation of Housing Capital Gains in Seoul," The Journal of Real Estate Finance and Economics, Springer, vol. 62(3), pages 319-341, April.

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