Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
983808 | Regional Science and Urban Economics | 2010 | 8 Pages |
Abstract
The inelastic supply of land suggests that taxation of land might be neutral. Feldstein (1977) suggests otherwise, in that taxation reduces risk, and this may raise demand among risk-averse lenders. We simulate the effect of this demand increase and find that the impact in the aggregate is neutral, because many households are risk-loving in housing assets. The effects on individuals are less negligible.
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Social Sciences and Humanities
Economics, Econometrics and Finance
Economics and Econometrics
Authors
N. Edward Coulson, Herman Li,