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| Author | : Denise DiPasquale |
| Publisher | : |
| Total Pages | : 58 |
| Release | : 1989 |
| Genre | : Housing |
| ISBN | : |
| Author | : James M. Poterba |
| Publisher | : |
| Total Pages | : 64 |
| Release | : 2008 |
| Genre | : Housing |
| ISBN | : |
The mortgage interest deduction, the property tax deduction, the unique treatment of capital gains on owner-occupied homes, and the absence of taxation on imputed rent from owner-occupied homes all influence the effective cost of housing services. They also affect federal income tax revenues and the distribution of income tax liabilities. We draw on household-level data from the 2004 Survey of Consumer Finances to analyze how several potential reforms would affect incentives for housing consumption as well as the distribution of income tax burdens. Our analysis recognizes that changing the mortgage interest deduction would induce changes in household financial behavior. We estimate that repealing the mortgage interest deduction in 2003 would have raised income tax revenues by $72.4 billion in the absence of any portfolio adjustments, but by only $61.9 billion if homeowners responded by drawing down a limited set of financial assets to partially replace their mortgage debt. The revenue effects of changing the property tax deduction similarly depend on how state and local governments alter their mix of revenue instruments in response to federal tax reform. Our results underscore the importance of recognizing behavioral responses when calculating the revenue costs of income tax provisions relating to owner-occupied housing.
| Author | : Patric H. Hendershott |
| Publisher | : |
| Total Pages | : 42 |
| Release | : 1982 |
| Genre | : Capital levy |
| ISBN | : |
Owner-occupied housing is said to be favored in the tax code because mortgage interest and property taxes can be deducted in the computation of one's income tax base in spite of the fact that the returns from owner- occupied housing = not taxed. The special tax treatment reduces the user cost of capital for owner-occupied homing. The issue treated in this paper is the measurement of the tax rate to be employed in the user cost calculations. It is argued that different tax rates am appropriate for the tenure choice and quantity-demanded decisions, and that these values depend on the detailed tax position of the household and the method of finance. Average 1977 tax rates for households in different income ranges are calculated using the NBER TAXSIM microeconomic data file on individual tax returns.
| Author | : |
| Publisher | : |
| Total Pages | : 732 |
| Release | : 1988 |
| Genre | : Housing |
| ISBN | : |
| Author | : John R. Miron |
| Publisher | : McGill-Queen's Press - MQUP |
| Total Pages | : 328 |
| Release | : 1988 |
| Genre | : Business & Economics |
| ISBN | : 9780773506145 |
Between 1945 and 1981 the Canadian population doubled, while the number of dwellings more than tripled. John Miron shows how changes in demographic structure and housing affordability affected postwar household formation and housing demand. He argues that no single explanation adequately reflects the extent of the impact of the demographic trends and the economic changes.
| Author | : Richard J. Arnott |
| Publisher | : John Wiley & Sons |
| Total Pages | : 608 |
| Release | : 2008-04-15 |
| Genre | : Business & Economics |
| ISBN | : 1405178353 |
A Companion to Urban Economics provides a state-of-the-artoverview of this field, communicating its intellectual richnessthrough a diverse portfolio of authors and topics. Unique in both its rigor and international treatment An ideal supplementary textbook in upper-level undergraduateurban economics courses, or in master's level and professionalcourses, providing students with the necessary foundation to tacklemore advanced topics in urban economics Contains contributions from the world’s leading urbaneconomists
| Author | : Paul Edward Merz |
| Publisher | : |
| Total Pages | : 174 |
| Release | : 1961 |
| Genre | : Housing |
| ISBN | : |
| Author | : |
| Publisher | : |
| Total Pages | : 164 |
| Release | : 1994 |
| Genre | : Commercial statistics |
| ISBN | : |
| Author | : L.H. Meyer |
| Publisher | : Springer Science & Business Media |
| Total Pages | : 269 |
| Release | : 2012-12-06 |
| Genre | : Business & Economics |
| ISBN | : 9400981740 |
On October 24 and 25, 1980, the Center for the Study of American Business at Washington University and the Federal Reserve Bank of St. Louis cosponsored their fifth annual conference, "The Supply-Side Effects of Economic Policy." This volume contains the papers and comments delivered at that conference. Proponents of "supply-side economics" have challenged the policy recommendations that emerge from "Keynesian" macroeconometric models. These models focus on the effects of economic policy on the demand for output. Supply-side economics, in contrast, emphasizes the response of output to changes in the supply of inputs. Decisions affecting the capital stock and employment-in particular, saving and investment decisions and labor force participation and hours decisions-are the focus of the supply-siders' attention. The 1980 conference examined most of the major themes associated with supply-side economics. The papers in Part I of this volume develop the theory underlying various supply-side propositions and present empirical evidence in support of some of these propositions. In Part II, the effect of taxes on capital formation and the effect of increased capital formation on output growth and inflation are examined. The effect of tax and transfer programs on labor supply, employment and unemployment are examined in Part III. The final section contains the special luncheon and dinner presentations.
| Author | : Peter B. Dixon |
| Publisher | : Newnes |
| Total Pages | : 1886 |
| Release | : 2013-01-08 |
| Genre | : Business & Economics |
| ISBN | : 044462631X |
Top scholars synthesize and analyze scholarship on this widely used tool of policy analysis in 27 articles, setting forth its accomplishments, difficulties, and means of implementation. Though CGE modeling does not play a prominent role in top U.S. graduate schools, it is employed universally in the development of economic policy. This collection is particularly important because it presents a history of modeling applications and examines competing points of view. Presents coherent summaries of CGE theories that inform major model types Covers the construction of CGE databases, model solving, and computer-assisted interpretation of results Shows how CGE modeling has made a contribution to economic policy
