| 000 | 01760nab a2200289 c 4500 | ||
|---|---|---|---|
| 003 | ES-MaIEF | ||
| 005 | 20180417140236.0 | ||
| 007 | t| | ||
| 008 | 180417s2018 us ||||| |||| 00| 0|eng d | ||
| 040 |
_aES-MaIEF _bspa _cES-MaIEF |
||
| 041 | _aeng | ||
| 100 | 1 |
_966032 _aSommer, Kamila |
|
| 245 |
_aImplications of US tax policy for house prices, rents and homeownership _c by Kamila Sommer and Paul Sullivan |
||
| 260 | _c2018 | ||
| 500 | _aDisponible en formato electrónico a través de la Biblioteca del IEF. | ||
| 520 | _aThis paper studies the impact of the mortgage interest tax deduction on equilibrium house prices, rents, homeownership, and welfare. We build a dynamic model of the housing market that features a realistic progressive tax system in which owner-occupied housing services are tax-exempt and mortgage interest payments are tax-deductible. We simulate the effect of tax reform on the housing market. Eliminating the mortgage interest deduction causes house prices to decline, increases homeownership, decreases mortgage debt, and improves welfare. Our findings challenge the widely held view that repealing the preferential tax treatment of mortgages would depress homeownership. | ||
| 650 | 4 |
_948067 _aPOLITICA FISCAL |
|
| 650 | 4 |
_948710 _aVIVIENDA |
|
| 650 | 4 |
_931091 _aARRENDAMIENTO URBANO |
|
| 650 | 4 |
_948092 _aPRECIOS |
|
| 650 | 4 |
_aESTADOS UNIDOS _942888 |
|
| 650 | 4 |
_947776 _aMODELOS ECONOMETRICOS |
|
| 700 | 1 |
_966034 _aSullivan, Paul |
|
| 773 | 0 |
_9155516 _oOP 234/2018/2 _tThe American Economic Review _w(IEF)103372 _x 0002-8282 _g v. 108, n. 2, February 2018, p. 241-274 |
|
| 856 | _uhttp://eds.a.ebscohost.com/eds/pdfviewer/pdfviewer?vid=2&sid=abedc60e-ba4c-4a05-bc9c-6e163a300bd2%40sessionmgr4009 | ||
| 942 |
_2udc _cART |
||
| 999 |
_c137857 _d137857 |
||