| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP15927 |
| DP15927 Welfare Effects of Property Taxation | |
| Max Löffler; Sebastian Siegloch | |
| 发表日期 | 2021-03-16 |
| 出版年 | 2021 |
| 语种 | 英语 |
| 摘要 | We analyze the welfare implications of property taxation. Using a sufficient statistics approach, we show that the tax incidence depends on how housing prices, labor and other types of incomes as well as public services respond to property tax changes. Empirically, we exploit the German institutional setting with 5,200 municipal tax reforms for identification. We find that higher taxes are fully passed on to rental prices after three years. The pass-through is lower when housing supply is inelastic. Combining reduced form estimates with our theoretical framework, we simulate the welfare effects of property taxes and show that they are regressive. |
| 主题 | Public Economics |
| 关键词 | Property taxation Welfare Tax incidence Local labor markets Rental housing |
| URL | https://cepr.org/publications/dp15927 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/544918 |
| 推荐引用方式 GB/T 7714 | Max Löffler,Sebastian Siegloch. DP15927 Welfare Effects of Property Taxation. 2021. |
| 条目包含的文件 | 条目无相关文件。 | |||||
除非特别说明，本系统中所有内容都受版权保护，并保留所有权利。
