Narrow search
Showing 1 - 10 of 779
Cover Image
Assessing the distributional effects of housing taxation in Italy : from the actual tax code to imputed rent
Pellegrino, Simone; Piacenza, Massimiliano; Turati, Gilberto - 2011
Tax Code with an alternative approach, by considering the imputed rent from owner-occupied dwelling as a component of the …
Persistent link: https://www.econbiz.de/10009011355
Cover Image
Feldstein meets George : land rent taxation and socially optimal allocation in economies with environmental externality
Nguyen Thang Dao; Edenhofer, Ottmar - 2018
externality on production in which tax revenue from land rent and/or from other schemes such as labor income, capital income, and … given target of stationary stock of pollution, the land rent taxation scheme leads to a higher steady state capital … is relatively high compared to the dirtiness of production, the land rent taxation also provides a higher steady state …
Persistent link: https://www.econbiz.de/10011809898
Cover Image
Optimal redistributive wealth taxation when wealth is more than just capital
Franks, Max; Edenhofer, Ottmar - 2020
very different welfare implications of land rent-, bequest- and capital taxation. It is mainly land rents that should be … functions based on money-metric utility, high land rent taxes are optimal due to a portfolio effect. Third, if society …
Persistent link: https://www.econbiz.de/10012162503
Cover Image
Evaluating real world income distributions behind the veil of ignorance : how risk averse do you have to be to prefer Europe over the US?
Weichenrieder, Alfons J.; Zafar, Tasneem - 2011
The paper uses a veil of ignorance approach and income distribution data of developed countries to arrive at inequality corrected income rankings. While a risk neutral individual (based on year 2000 data) would have preferred to be born into the US rather than any European country in our sample...
Persistent link: https://www.econbiz.de/10009375066
Cover Image
Who should get money? : estimating welfare weights in the U.S.
Capozza, Francesco; Srinivasan, Krishna - 2024
Evaluating the desirability of a reform typically involves weighing the gains of the winners against the losses of the losers using welfare weights. Welfare weights measure the value that citizens assigns to a $1 gain in consumption to individuals. They can capture various normative ideals like...
Persistent link: https://www.econbiz.de/10014521241
Cover Image
Accidental bequests : a curse for the rich and a boon for the poor
Cremer, Helmuth; Gahvari, Firouz; Pestieau, Pierre - 2010
When accidental bequests signal otherwise unobservable individual characteristics such as productivity and longevity, the tax administration should partition the population into two groups: One consisting of people who do not receive an inheritance and the other of those who do. The first tagged...
Persistent link: https://www.econbiz.de/10003977422
Cover Image
Tax base erosion and inequity from Michigan's assessment growth limit : the case of Detroit
Hodge, Timothy R.; Skidmore, Mark; Sands, Gary; … - 2013
In this paper we examine the degree to which Michigan's property value assessment growth cap has eroded the tax base and created substantial differences in effective tax rates among residential properties within the City of Detroit. While the analysis focuses on a specific city with significant...
Persistent link: https://www.econbiz.de/10009700292
Cover Image
Welfare cost of the real estate transfer tax
Büttner, Thiess - 2017
This paper considers the welfare implications of a tax on real estate transfers. A theoretical analysis shows how the discouragement of mutually beneficial transactions as well as tax-sheltering activities give rise to a welfare loss that can be estimated comprehensively from the empirical...
Persistent link: https://www.econbiz.de/10011597860
Cover Image
Housing-consumption channel of mortgage demand
Ahlfeldt, Gabriel M.; Szumilo, Nikodem; Tripathy, Jagdish - 2024
We quantify the housing-consumption channel in mortgage demand according to which households borrow more following house-price increases since housing and non-housing consumption are imperfect substitutes. To identify this channel, we take a structural approach to mortgage demand and supply,...
Persistent link: https://www.econbiz.de/10014637339
Cover Image
Taxing homeowners who won’t borrow
Wong, Francis - 2024
Using high-frequency administrative data covering millions of US homeowners, I document three novel facts about homeowner responses to property tax increases driven by rising home values. First, non-migrating homeowners cut consumption, exhibit financial distress, and do not borrow against their...
Persistent link: https://www.econbiz.de/10014564315