Hilber, Christian A. L.; Turner, Tracy M. - Spatial Economics Research Centre, LSE - 2010
homeownership attainment, using data from 1984 to 2007 and exploiting variation in the subsidy across states, over time and due to … inter-state moves. We test whether capitalization of the MID into house prices offsets the positive effect on homeownership …. We find that the MID only boosts homeownership attainment of higher income households in less tightly regulated housing …