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Property taxation, bounded rationality and housing prices
Elinder, Mikael; Persson, Lovisa - 2014
In 2008, the Swedish property tax was reformed and a cap on yearly tax liabilities was introduced. A large fraction of owner occupied houses was subject to a substantial decrease in the tax. When the reform was announced, most analysts projected - in line with tax capitalization theory - that...
Persistent link: https://www.econbiz.de/10011396721
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Property Taxation, Bounded Rationality and House Prices
Elinder, Mikael; Persson, Lovisa - 2014
In 2008, the Swedish property tax was reformed and a cap on yearly tax liabilities was introduced. A large fraction of owner occupied houses was subject to a substantial decrease in the tax. When the reform was announced, most analysts projected - in line with tax capitalization theory - that...
Persistent link: https://www.econbiz.de/10010504509
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Explaining spatial variation in homeownership rates: Results for German regions
Lerbs, Oliver; Oberst, Christian - 2011
A wide range of aggregate data is used to examine the spatial variation in homeownership rates among a cross-section of … spatial dependence in homeownership levels. In addition to familiar demographic and socioeconomic variables, the regional … disparities in homeownership rates between eastern and western Germany as well as between rural, urbanized and agglomerated …
Persistent link: https://www.econbiz.de/10010274774
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A Simple Model of Housing Rental and Ownership with Policy Simulations
Coleman, Andrew; Scobie, Grant M. - 2009
The housing market is both large and complex. This paper develops a simple model that captures the essential features of the supply and demand for housing, and which is used to evaluate the impact of a range of policy interventions. Increases in the stock of housing would reduce rents and house...
Persistent link: https://www.econbiz.de/10012115614
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On the Negative Relationship between Labor Income Uncertainty and Homeownership : Risk Aversion vs. Credit Constraints
Diaz-Serrano, Luis - 2004
Barriers to homeownership have traditionally been an important research and policy issue. In particular, the role of … income uncertainty and credit constraints exert a significant negative effect on the probability of homeownership. Our main …
Persistent link: https://www.econbiz.de/10010261962
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Barriers to Diversification and Regional Allocation of Capital
Broll, Udo; Roldán-Ponce, Antonio; Wahl, Jack E. - 2007
In order to evaluate the allocational effectiveness of regional policy when harmonizing regional economic conditions firms? preferences play a pivot role. If harmonization hinders risk diversification of the firm, then instead of regional diversification of capital agglomeration of capital...
Persistent link: https://www.econbiz.de/10010296826
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Behavioral efficiency I: Definition, methodology and demonstration
Harstad, Ronald M. - 2011
Economic experiments conducted in laboratories employing an induced-values methodology can report on allocative efficiencies observed. This methodology is limited by requiring the experimenter to know subjects' motivations, an impossibility in field experiments. Allocative efficiency implies a...
Persistent link: https://www.econbiz.de/10010332372
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Overconfidence increases productivity
Kinari, Yusuke; Mizutani, Noriko; Ohtake, Fumio; … - 2011
Recent studies report that productivity increases under tournament reward structures than under piece rate reward structures. We conduct maze-solving experiments under both reward structures and reveal that overconfidence is a significant factor in increasing productivity. Specifically, subjects...
Persistent link: https://www.econbiz.de/10010332484
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Employee incentives: Bonuses or penalties?
Nosenzo, Daniele - In: IZA World of Labor (2016)
Firms regularly use incentives to motivate their employees to be more productive. However, often little attention is paid to the language used in employment contracts to describe these incentives. It may be more effective to present incentives as entitlements that can be lost by failing to reach...
Persistent link: https://www.econbiz.de/10011573624
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Are happy workers more productive?
Proto, Eugenio - In: IZA World of Labor (2016)
Recently, large companies like Google have made substantial investments in the well-being of their workers. While evidence shows that better performing companies have happier employees, there has been much less research on whether happy employees contribute to better company performance. Finding...
Persistent link: https://www.econbiz.de/10011573704