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Migration elasticities, fiscal federalism and the ability of states to redistribute income
Giertz, Seth H.; Tosun, Mehmet Serkan - 2012
This paper develops a simulation model in order to examine the effectiveness of state attempts at redistribution under …-level redistribution are substantial, but state action may still be preferred to a federal policy that is at odds with preferences of a … state pursuing additional redistribution, but not a cost at the national level. -- fiscal federalism ; income redistribution …
Persistent link: https://www.econbiz.de/10009581381
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Who bears the burden of real estate transfer taxes? : evidence from the German housing market
Dolls, Mathias; Fuest, Clemens; Krolage, Carla; … - 2019
This paper examines the effects of real estate transfer taxes (RETT) on house prices using a rich micro dataset on German properties covering the period from 2005 to 2018. We exploit a 2006 constitutional reform that allowed states to set their own RETT rates, leading to frequent increases in...
Persistent link: https://www.econbiz.de/10012052597
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Tax mimicking in the short- and long-run : evidence from German reunification
Baskaran, Thushyanthan - 2015
This paper uses the quasi-experiment of Germanyś reunification to identify local tax mimicking by municipalities in Eastern-Germany. After reunification, East-German municipalities were allowed to independently set, for the first time in decades, local business and property tax rates. I explore...
Persistent link: https://www.econbiz.de/10010475429
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Who bears the burden of real estate transfer taxes? : evidence from the German housing market
Dolls, Mathias; Fuest, Clemens; Krolage, Carla; … - 2021
This paper examines the effects of real estate transfer taxes (RETT) on property prices using a rich micro dataset of roughly 17 million German properties for the period from 2005 to 2019. We exploit a 2006 constitutional reform that allows states to set their own RETT rates, leading to frequent...
Persistent link: https://www.econbiz.de/10012417752
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Who bears the burden of real estate transfer taxes? : evidence from the German housing market
Dolls, Mathias; Fuest, Clemens; Krolage, Carla; … - 2020
This paper examines the effects of real estate transfer taxes (RETT) on house prices using a rich micro dataset on German properties covering the period from 2005 to 2018. We exploit a 2006 constitutional reform that allowed states to set their own RETT rates, leading to frequent increases in...
Persistent link: https://www.econbiz.de/10012425062
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Property tax competition : a quantitative assessment
Borck, Rainald; Oshiro, Jun; Satō, Yasuhiro - 2022
We develop a model of property taxation and characterize equilibria under three alternative taxation regimes often used in the public finance literature: decentralized taxation, centralized taxation, and "rent seeking" regimes. We show that decentralized taxation results in inefficiently high...
Persistent link: https://www.econbiz.de/10013411718
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Property taxes and housing allocation under financial constraints
Coven, Joshua; Golder, Sebastian; Gupta, Arpit; Ndiaye, … - 2024
Property taxes impact the housing distribution across generations. Low property taxes lead to concentrated ownership among elderly empty-nesters, limiting housing for financially constrained young families. Conversely, high property taxes act as a “forced mortgage,” reducing upfront...
Persistent link: https://www.econbiz.de/10014578550
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Beggar-thy-neighbour tax cuts : mobility after a local income and wealth tax reform in Switzerland
Martínez, Isabel - 2021
I analyze mobility responses to the unique introduction of regressive local income schedule in the Swiss Canton of Obwalden in 2006, which was aimed at attracting the top 1%. Differencein-Differences estimations comparing Obwalden to all other cantons confirm that the reform successfully...
Persistent link: https://www.econbiz.de/10012419391
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Correlation in state and local tax changes
Baker, Scott; Janas, Pawel; Küng, Lorenz - 2020
We develop a comprehensive dataset of state and local taxes from 2000-2015 that includes personal income taxes, property taxes, corporate income taxes, sales taxes, estate taxes and excise taxes. We illustrate how state and local taxes have changed over time, in response to business cycles, and...
Persistent link: https://www.econbiz.de/10012421081
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Carbon taxes and stranded assets : evidence from Washington State
Carattini, Stefano; Sen, Suphi - 2019
The climate challenge requires ambitious climate policy. A sudden increase in carbon prices can lead to major shocks to the stock market. Some assets will lose part of their value, others all of it, and hence become "stranded". If the markets are not ready to absorb the shock, a financial crisis...
Persistent link: https://www.econbiz.de/10012050954