"Rent setting behavior of landlords relates to rental rates on new leases, while tenant demand for space depends on the average rental rate on existing space. Thus models of the space market need to identify the roles of these two rates. A market or new lease rent series is constructed for the...

This paper examines index revision in measuring the prices for owner-occupied housing. We consider the context of equityinsurance and the settlement of futures contracts. In addition to other desirable characteristics for aggregate price indexes, their usefulness in these contexts requires...

Housing markets typically exhibit a strong positive correlation between the rate of price increase and the number of houses sold. We document this correlation on high-quality Dutch data for the period 1985-2007, and estimate a VEC-model that allows us to study the mechanism giving rise to the...

Describes the 1991 reform of Sweden's tax system ("the most far-reaching reform in any industrialized country in the postwar period"); examines behavioral responses (impact on consumption, housing, and labor supply). Reviews the lessons from a major evaluation effort, sponsored by the Swedish...

ERES:conference

ERES:conference

The paper compares taxation on realization with taxation on accrual in the context of owner-occupied housing. It considers a model where the utility a household derives from housing relative to other consumption varies over the life-cycle. As there are sizeable transaction costs, housing...

Housing markets typically exhibit a strong positive correlation between the rate of price increase and the number of houses sold. We document this correlation on high-quality Dutch data for the period 1985–2007, and estimate a VEC-model that allows us to study the mechanism giving rise to the...

Housing markets typically exhibit a strong positive correlation between the rate of price increase and the number of houses sold. We document this correlation on high-quality Dutch data for the period 1985-2007, and estimate a VEC-model that allows us to study the mechanism giving rise to the...

This paper discusses the main aspects of the taxation of housing drawing on general principles of optimal taxation. It focuses on the role of the property tax in achieving neutrality between rental and owner-occupied housing. Assuming that landlords are taxed according to a neutral profits tax,...