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Anchoring and housing choice: Results of a natural policy experiment
Arbel, Yuval; Ben-Shahar, Danny; Gabriel, Stuart - In: Regional Science and Urban Economics 49 (2014) C, pp. 68-83
This research employs data from a natural experiment to assess the effects of behavioral heuristics on housing choice and public program management. The analysis focuses on programs designed to privatize public housing in Israel. The government programs provided the tenants with a call (real)...
Persistent link: https://www.econbiz.de/10011117426
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Property taxation, bounded rationality and housing prices
Elinder, Mikael; Persson, Lovisa - Nationalekonomiska Institutionen, Uppsala Universitet - 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/10010775643
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Property Taxation, Bounded Rationality and House Prices
Elinder, Mikael; Persson, Lovisa - Institutet för Näringslivsforskning (IFN) - 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 –...
Persistent link: https://www.econbiz.de/10010818539
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Property taxation, bounded rationality and housing prices
Elinder, Mikael; Persson, Lovisa - Nationalekonomiska Institutionen, Uppsala Universitet - 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/10010818816
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The Power of Stereotyping and Confirmation Bias to Overwhelm Accurate Assessment: The Case of Economics, Gender, and Risk Aversion
Nelson, Julie A. - Economics Department, University of Massachusetts-Boston - 2013
Behavioral research has revealed how normal human cognitive processes can tend to lead us astray. But do these affect economic researchers, ourselves? This article explores the consequences of stereotyping and confirmation bias using a sample of published articles from the economics literature...
Persistent link: https://www.econbiz.de/10010787826
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The Power of Stereotyping and Confirmation Bias to Overwhelm Accurate Assessment: The Case of Economics, Gender, and Risk Aversion
Nelson, Julie A. - Economics Department, University of Massachusetts-Boston - 2013
Behavioral research has revealed how normal human cognitive processes can tend to lead us astray. But do these affect economic researchers, ourselves? This article explores the consequences of stereotyping and confirmation bias using a sample of published articles from the economics literature...
Persistent link: https://www.econbiz.de/10010717410
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The Mortgage Interest Deduction and its Impact on Homeownership Decisions
Hilber, Christian A. L.; Turner, Tracy M. - In: The Review of Economics and Statistics 96 (2014) 3, pp. 618-637
homeownership attainment, using data from 1984 to 2007 and exploiting variation in the subsidy arising from changes in the MID … on homeownership. We find that the MID boosts homeownership attainment only of higher-income households in less tightly … homeownership and improve social welfare. © 2014 The President and Fellows of Harvard College and the Massachusetts Institute of …
Persistent link: https://www.econbiz.de/10010959108
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Zwischen Wohnungsnot und Leerstand – Wohnungsmarktinterventionen als Aufgabe für die Politik?
Rips, Franz-Georg - In: Zeitschrift fuer Wirtschaftspolitik 63 (2014) 1, pp. 54-62
This text deals with the topic of housing shortage vs. residential vacancy – housing market intervention as a task of politics? At the beginning there will be some basic assertions on the relation of market vs. state, especially bearing in mind, the overall importance and social responsibility...
Persistent link: https://www.econbiz.de/10010892209
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Asymmetrien in der Wohnungspolitik reduzieren
Just, Tobias - In: Zeitschrift fuer Wirtschaftspolitik 63 (2014) 1, pp. 63-73
There are four major challenges for housing policy in the near and midterm future: First, rents in many German conurbations have been rising significantly faster than incomes over the last five years. Though it can rightly be argued, that the suggested policies of the new German federal...
Persistent link: https://www.econbiz.de/10010892211
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Disparate Entwicklung der Wohnungsmärkte fordert die Politik
Arentz, Oliver - In: Zeitschrift fuer Wirtschaftspolitik 63 (2014) 1, pp. 42-53
The regional differences in the housing markets are enormous and will continue to exacerbate in the future. The main task for the housing policy is to take appropriate long term measures depending on the market structure. A central aspect of future housing policy is the site development....
Persistent link: https://www.econbiz.de/10010892216