Tax preferences and housing affordability: Exploration using a life-cycle model
Author
Abstract
Suggested Citation
Download full text from publisher
References listed on IDEAS
- Cho, Sang-Wook (Stanley) & Francis, Johanna L., 2011.
"Tax treatment of owner occupied housing and wealth inequality,"
Journal of Macroeconomics, Elsevier, vol. 33(1), pages 42-60, March.
- Sang-Wook Stanley Cho & Johanna Francis, 2008. "Tax Treatment of Owner Occupied Housing and Wealth Inequality," Fordham Economics Discussion Paper Series dp2008-17, Fordham University, Department of Economics.
- Austin J. Drukker, 2021. "Implications of a Mortgage Interest Credit for the United States," Public Finance Review, , vol. 49(4), pages 573-588, July.
- John Y. Campbell & João F. Cocco, 2015.
"A Model of Mortgage Default,"
Journal of Finance, American Finance Association, vol. 70(4), pages 1495-1554, August.
- John Y. Campbell & João F. Cocco, 2011. "A Model of Mortgage Default," NBER Working Papers 17516, National Bureau of Economic Research, Inc.
- Campbell, John Y. & Cocco, Joao F., 2015. "A Model of Mortgage Default," Scholarly Articles 30758219, Harvard University Department of Economics.
- Campbell, John Y. & Cocco, João F., 2014. "A model of mortgage default," CFS Working Paper Series 452, Center for Financial Studies (CFS).
- Hendershott, Patric H. & Won, Yunhi, 1992.
"Introducing risky housing and endogenous tenure choice into a portfolio-based general equilibrium model,"
Journal of Public Economics, Elsevier, vol. 48(3), pages 293-316, August.
- Patric H. Hendershott & Yunhi Won, 1989. "Introducing Risky Housing and Endogenous Tenure Choice into Portfolio- Based General Equilibrium Models," NBER Working Papers 3114, National Bureau of Economic Research, Inc.
- Matt Chambers & Carlos Garriga & Don Schlagenhauf, 2009.
"The Loan Structure and Housing Tenure Decisions in an Equilibrium Model of Mortgage Choice,"
Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 12(3), pages 444-468, July.
- Matthew Chambers & Carlos Garriga & Don E. Schlagenhauf, 2009. "The loan structure and housing tenure decisions in an equilibrium model of mortgage choice," Working Papers 2008-024, Federal Reserve Bank of St. Louis.
- Matt Chambers & Carlos Garriga & Don Schlagenhauf, 2009. "Code files for "The Loan Structure and Housing Tenure Decisions in an Equilibrium Model of Mortgage Choice"," Computer Codes 05-58, Review of Economic Dynamics.
- James J. Heckman & Paul A. LaFontaine, 2010.
"The American High School Graduation Rate: Trends and Levels,"
The Review of Economics and Statistics, MIT Press, vol. 92(2), pages 244-262, May.
- James J. Heckman & Paul A. LaFontaine, 2007. "The American High School Graduation Rate: Trends and Levels," NBER Working Papers 13670, National Bureau of Economic Research, Inc.
- James J. Heckman & Paul A. LaFontaine, 2008. "The American High School Graduation Rate: Trends And Levels," Working Papers 200828, Geary Institute, University College Dublin.
- Heckman, James J. & LaFontaine, Paul A., 2007. "The American High School Graduation Rate: Trends and Levels," IZA Discussion Papers 3216, Institute of Labor Economics (IZA).
- James M. Poterba, 1990. "Taxation and Housing Markets: Preliminary Evidence on the Effects of Recent Tax Reforms," NBER Working Papers 3270, National Bureau of Economic Research, Inc.
- Tülin Erdem & Susumu Imai & Michael Keane, 2003.
"Brand and Quantity Choice Dynamics Under Price Uncertainty,"
Quantitative Marketing and Economics (QME), Springer, vol. 1(1), pages 5-64, March.
- Erdem, Tulin & Imai, Susumu & Keane, Michael, 2003. "Brand and Quantity Choice Dynamics Under Price Uncertainty," MPRA Paper 52516, University Library of Munich, Germany.
- Rosen, Harvey S., 1985.
"Housing subsidies: Effects on housing decisions, efficiency, and equity,"
Handbook of Public Economics, in: A. J. Auerbach & M. Feldstein (ed.), Handbook of Public Economics, edition 1, volume 1, chapter 7, pages 375-420,
Elsevier.
- Harvey S. Rosen, 1983. "Housing Subsidies: Effects on Housing Decisions, Efficiency, and Equity," NBER Working Papers 1161, National Bureau of Economic Research, Inc.
- Keane, Michael P & Wolpin, Kenneth I, 1994.
"The Solution and Estimation of Discrete Choice Dynamic Programming Models by Simulation and Interpolation: Monte Carlo Evidence,"
The Review of Economics and Statistics, MIT Press, vol. 76(4), pages 648-672, November.
- Michael P. Keane & Kenneth I. Wolpin, 1994. "The solution and estimation of discrete choice dynamic programming models by simulation and interpolation: Monte Carlo evidence," Staff Report 181, Federal Reserve Bank of Minneapolis.
- Poterba, James M, 1992.
"Taxation and Housing: Old Questions, New Answers,"
American Economic Review, American Economic Association, vol. 82(2), pages 237-242, May.
- James M. Poterba, 1992. "Taxation and Housing: Old Questions, New Answers," NBER Working Papers 3963, National Bureau of Economic Research, Inc.
- Poterba, James M. & Sinai, Todd, 2011.
"Revenue Costs and Incentive Effects of the Mortgage Interest Deduction for Owner-Occupied Housing,"
National Tax Journal, National Tax Association;National Tax Journal, vol. 64(2), pages 531-564, June.
- James M. Poterba & Todd Sinai, 2008. "Revenue Costs and Incentive Effects of the Mortgage Interest Deduction for Owner-Occupied Housing," NBER Chapters, in: Economic Analysis of Tax Expenditures, National Bureau of Economic Research, Inc.
- Rosen, Harvey S & Rosen, Kenneth T, 1980. "Federal Taxes and Homeownership: Evidence from Time Series," Journal of Political Economy, University of Chicago Press, vol. 88(1), pages 59-75, February.
- James M. Poterba, 1984. "Tax Subsidies to Owner-Occupied Housing: An Asset-Market Approach," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 99(4), pages 729-752.
- Green, Richard K. & Vandell, Kerry D., 1999.
"Giving households credit: How changes in the U.S. tax code could promote homeownership,"
Regional Science and Urban Economics, Elsevier, vol. 29(4), pages 419-444, July.
- Richard K. Green & Kerry D. Vandell, 1996. "Giving Households Credit: How Changes in the Tax Code Could Promote Homeownership," Wisconsin-Madison CULER working papers 96-10, University of Wisconsin Center for Urban Land Economic Research.
- Rosen, Harvey S., 1979. "Housing decisions and the U.S. income tax : An econometric analysis," Journal of Public Economics, Elsevier, vol. 11(1), pages 1-23, February.
- Henderson, J Vernon & Ioannides, Yannis M, 1983. "A Model of Housing Tenure Choice," American Economic Review, American Economic Association, vol. 73(1), pages 98-113, March.
- Sommer, Kamila & Sullivan, Paul & Verbrugge, Randal, 2013. "The equilibrium effect of fundamentals on house prices and rents," Journal of Monetary Economics, Elsevier, vol. 60(7), pages 854-870.
- Chambers, Matthew & Garriga, Carlos & Schlagenhauf, Don E., 2009. "Housing policy and the progressivity of income taxation," Journal of Monetary Economics, Elsevier, vol. 56(8), pages 1116-1134, November.
- Berkovec, James & Fullerton, Don, 1992.
"A General Equilibrium Model of Housing, Taxes, and Portfolio Choice,"
Journal of Political Economy, University of Chicago Press, vol. 100(2), pages 390-429, April.
- James Berkovec & Don Fullerton, 1990. "A General Equilibrium Model of Housing, Taxes, and Portfolio Choice," NBER Working Papers 3505, National Bureau of Economic Research, Inc.
Most related items
These are the items that most often cite the same works as this one and are cited by the same works as this one.- Skinner, Jonathan, 1996.
"The dynamic efficiency cost of not taxing housing,"
Journal of Public Economics, Elsevier, vol. 59(3), pages 397-417, March.
- Jonathan Skinner, 1990. "The Dynamic Efficiency Cost of Not taxing Housing," NBER Working Papers 3454, National Bureau of Economic Research, Inc.
- Serena Fatica & Doris Prammer, 2018.
"Housing and the Tax System: How Large Are the Distortions in the Euro Area?,"
Fiscal Studies, John Wiley & Sons, vol. 39(2), pages 299-342, June.
- Fatica, Serena & Prammer, Doris, 2017. "Housing and the tax system: how large are the distortions in the euro area?," Working Paper Series 2087, European Central Bank.
- Andrew Hanson & Hal Martin, 2014. "Housing Market Distortions and the Mortgage Interest Deduction," Public Finance Review, , vol. 42(5), pages 582-607, September.
- Wenli Li & Edison Yu, 2022.
"Real Estate Taxes and Home Value: Evidence from TCJA,"
Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 43, pages 125-151, January.
- Wenli Li & Edison Yu, 2021. "Code and data files for "Real Estate Taxes and Home Value: Evidence from TCJA"," Computer Codes 20-215, Review of Economic Dynamics.
- Hanson, Andrew, 2012. "Size of home, homeownership, and the mortgage interest deduction," Journal of Housing Economics, Elsevier, vol. 21(3), pages 195-210.
- Wenli Li & Edison Yu, 2020. "Real Estate Taxes and Home Value: Winners and Losers of TCJA," Working Papers 20-12, Federal Reserve Bank of Philadelphia.
- Lawrence M. Kessler & Donald Bruce, 2024.
"A SALT on real estate? Housing market and migration responses to the limit on the state and local tax deduction,"
Contemporary Economic Policy, Western Economic Association International, vol. 42(4), pages 683-704, October.
- Donald Bruce & Lawrence M. Kessler, 2022. "A SALT on Real Estate? Housing Market and Migration Responses to the Limit on the State and Local Tax Deduction," Working Papers 2022-01, University of Tennessee, Department of Economics.
- Piazzesi, M. & Schneider, M., 2016.
"Housing and Macroeconomics,"
Handbook of Macroeconomics, in: J. B. Taylor & Harald Uhlig (ed.), Handbook of Macroeconomics, edition 1, volume 2, chapter 0, pages 1547-1640,
Elsevier.
- Schneider, Martin & Piazzesi, Monika, 2016. "Housing and macroeconomics," CEPR Discussion Papers 11519, C.E.P.R. Discussion Papers.
- Monika Piazzesi & Martin Schneider, 2016. "Housing and Macroeconomics," NBER Working Papers 22354, National Bureau of Economic Research, Inc.
- Matthew Chambers & Carlos Garriga & Don E. Schlagenhauf, 2007.
"The tax treatment of homeowners and landlords and the progressivity of income taxation,"
Working Papers
2007-053, Federal Reserve Bank of St. Louis.
- Matthew Chambers & Carlos Garriga & Don E. Schlagenhauf, 2008. "The tax treatment of homeowners and landlords and the progressivity of income taxation," FRB Atlanta Working Paper 2008-06, Federal Reserve Bank of Atlanta.
- Anderson, John E. & Roy, Atrayee Ghosh, 2001. "Eliminating Housing Tax Preferences: A Distributional Analysis," Journal of Housing Economics, Elsevier, vol. 10(1), pages 41-58, March.
- Malte Krüger, 1998. "Exchange Rate Effects of Portfolio Shifts?," University of Western Ontario, Departmental Research Report Series 9807, University of Western Ontario, Department of Economics.
- Edward L. Glaeser & Jesse M. Shapiro, 2003.
"The Benefits of the Home Mortgage Interest Deduction,"
NBER Chapters, in: Tax Policy and the Economy, Volume 17, pages 37-82,
National Bureau of Economic Research, Inc.
- Edward L. Glaeser & Jesse M. Shapiro, 2002. "The Benefits of the Home Mortgage Interest Deduction," NBER Working Papers 9284, National Bureau of Economic Research, Inc.
- Andrew Hanson, 2012. "The Incidence of the Mortgage Interest Deduction: Evidence from the Market for Home Purchase Loans," Public Finance Review, , vol. 40(3), pages 339-359, May.
- Anastasia Girshina, 2016. "Implications of Fiscal Policy for Housing Tenure Decisions," Working Papers 2014:, Department of Economics, University of Venice "Ca' Foscari".
- Jonathan Gruber & Amalie Jensen & Henrik Kleven, 2017. "Do People Respond to the Mortage Interest Deduction? Quasi-Experimental Evidence from Denmark," NBER Working Papers 23600, National Bureau of Economic Research, Inc.
- OzyIldIrIm, Suheyla & Onder, Zeynep & Yavas, Abdullah, 2005. "Mobility and optimal tenure choice," Journal of Housing Economics, Elsevier, vol. 14(4), pages 336-354, December.
- David Albouy & Andrew Hanson, 2014.
"Are Houses Too Big or In the Wrong Place? Tax Benefits to Housing and Inefficiencies in Location and Consumption,"
Tax Policy and the Economy, University of Chicago Press, vol. 28(1), pages 63-96.
- David Albouy & Andrew Hanson, 2014. "Are Houses Too Big or In the Wrong Place? Tax Benefits to Housing and Inefficiencies in Location and Consumption," NBER Chapters, in: Tax Policy and the Economy, Volume 28, pages 63-96, National Bureau of Economic Research, Inc.
- Mavropoulos, Antonios & Xiong, Qizhou, 2019. "Housing consumption and macroprudential policies in Europe: An ex ante evaluation," IWH Discussion Papers 17/2018, Halle Institute for Economic Research (IWH), revised 2019.
- Christian A. L. Hilber & Tracy M. Turner, 2014.
"The Mortgage Interest Deduction and its Impact on Homeownership Decisions,"
The Review of Economics and Statistics, MIT Press, vol. 96(4), pages 618-637, October.
- Hilber, Christian A. L. & Turner, Tracy M., 2010. "The mortgage interest deduction and its impact on homeownership decisions," LSE Research Online Documents on Economics 31759, London School of Economics and Political Science, LSE Library.
- Hilber, Christian A. L. & Turner, Tracy M., 2014. "The mortgage interest deduction and its impact on homeownership decisions," LSE Research Online Documents on Economics 49843, London School of Economics and Political Science, LSE Library.
- Christian A. L. Hilber & Tracy M. Turner, 2010. "The Mortgage Interest Deduction and its Impact on Homeownership Decisions," SERC Discussion Papers 0055, Centre for Economic Performance, LSE.
- Matthew Chambers & Carlos Garriga & Don E. Schlagenhauf, 2014.
"Did Housing Policies Cause the Postwar Boom in Home Ownership?,"
NBER Chapters, in: Housing and Mortgage Markets in Historical Perspective, pages 351-385,
National Bureau of Economic Research, Inc.
- Matthew Chambers & Carlos Garriga & Don E. Schlagenhauf, 2012. "Did housing policies cause the postwar boom in homeownership?," Working Papers 2012-021, Federal Reserve Bank of St. Louis.
- Matthew Chambers & Carlos Garriga & Donald E. Schlagenhauf, 2013. "Did Housing Policies Cause the Postwar Boom in Homeownership?," NBER Working Papers 18821, National Bureau of Economic Research, Inc.
More about this item
NEP fields
This paper has been announced in the following NEP Reports:- NEP-DGE-2024-12-02 (Dynamic General Equilibrium)
- NEP-PBE-2024-12-02 (Public Economics)
- NEP-PUB-2024-12-02 (Public Finance)
- NEP-URE-2024-12-02 (Urban and Real Estate Economics)
Statistics
Access and download statisticsCorrections
All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ifs:ifsewp:24/48. See general information about how to correct material in RePEc.
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Emma Hyman (email available below). General contact details of provider: https://edirc.repec.org/data/ifsssuk.html .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.