Matches in SemOpenAlex for { <https://semopenalex.org/work/W8084097> ?p ?o ?g. }
Showing items 1 to 81 of
81
with 100 items per page.
- W8084097 abstract "In this paper we examine the impact of the combined state and federal mortgage interest tax subsidies to homeownership on homeownership attainment, using panel data from 1984 to 2007 and exploiting the fact that the value of these subsidies may vary by income group across states and over time and depending on local housing market conditions and lending standards. We also exploit the fact that households move across states, which generates another source of variation in tax subsidies. We test our proposition that capitalization of tax subsidies into higher house prices offsets the positive effect of tax subsidies on homeownership attainment by exploiting data on regulatory restrictiveness in the late 1970s/early 1980s as a proxy for the inelasticity of local housing supply. Controlling for household, MSA, state and year fixed effects as well as time-varying household and location characteristics, we find that in more restrictive places tax subsidies have a negligible effect on homeownership attainment whereas in less regulated places mortgage interest tax subsidies have a meaningful positive impact for all income groups except the lowest quartile. We also explore whether mortgage lending conditions affect the link between subsidies and homeownership attainment but find no supporting evidence. Our findings cast serious doubt on mortgage interest deduction as a policy for boosting homeownership and improving social welfare. JEL classification: H22, H24, H71, R21, R31, R52" @default.
- W8084097 created "2016-06-24" @default.
- W8084097 creator A5039325108 @default.
- W8084097 creator A5057203167 @default.
- W8084097 date "2009-01-01" @default.
- W8084097 modified "2023-09-26" @default.
- W8084097 title "How sensitive are homeownership decisions to tax subsidies?: the role of housing supply conditions and lending standards" @default.
- W8084097 cites W1089097256 @default.
- W8084097 cites W1521505703 @default.
- W8084097 cites W1536389629 @default.
- W8084097 cites W1536998978 @default.
- W8084097 cites W1988718492 @default.
- W8084097 cites W2018851486 @default.
- W8084097 cites W2021089121 @default.
- W8084097 cites W2037333585 @default.
- W8084097 cites W2038541168 @default.
- W8084097 cites W2052336167 @default.
- W8084097 cites W2063776394 @default.
- W8084097 cites W2071835730 @default.
- W8084097 cites W2084542323 @default.
- W8084097 cites W2092099434 @default.
- W8084097 cites W2128549621 @default.
- W8084097 cites W2133384303 @default.
- W8084097 cites W2140844341 @default.
- W8084097 cites W2144611908 @default.
- W8084097 cites W2291683413 @default.
- W8084097 cites W3124056341 @default.
- W8084097 cites W3124334377 @default.
- W8084097 cites W3124814336 @default.
- W8084097 cites W3124920520 @default.
- W8084097 cites W3125561945 @default.
- W8084097 hasPublicationYear "2009" @default.
- W8084097 type Work @default.
- W8084097 sameAs 8084097 @default.
- W8084097 citedByCount "0" @default.
- W8084097 crossrefType "journal-article" @default.
- W8084097 hasAuthorship W8084097A5039325108 @default.
- W8084097 hasAuthorship W8084097A5057203167 @default.
- W8084097 hasConcept C100001284 @default.
- W8084097 hasConcept C145236788 @default.
- W8084097 hasConcept C162077342 @default.
- W8084097 hasConcept C162324750 @default.
- W8084097 hasConcept C2776805697 @default.
- W8084097 hasConcept C34447519 @default.
- W8084097 hasConcept C551662922 @default.
- W8084097 hasConcept C84265765 @default.
- W8084097 hasConceptScore W8084097C100001284 @default.
- W8084097 hasConceptScore W8084097C145236788 @default.
- W8084097 hasConceptScore W8084097C162077342 @default.
- W8084097 hasConceptScore W8084097C162324750 @default.
- W8084097 hasConceptScore W8084097C2776805697 @default.
- W8084097 hasConceptScore W8084097C34447519 @default.
- W8084097 hasConceptScore W8084097C551662922 @default.
- W8084097 hasConceptScore W8084097C84265765 @default.
- W8084097 hasLocation W80840971 @default.
- W8084097 hasOpenAccess W8084097 @default.
- W8084097 hasPrimaryLocation W80840971 @default.
- W8084097 hasRelatedWork W1511025912 @default.
- W8084097 hasRelatedWork W2030542997 @default.
- W8084097 hasRelatedWork W2117370472 @default.
- W8084097 hasRelatedWork W2181943686 @default.
- W8084097 hasRelatedWork W2552444063 @default.
- W8084097 hasRelatedWork W2896594720 @default.
- W8084097 hasRelatedWork W2898844967 @default.
- W8084097 hasRelatedWork W2912963527 @default.
- W8084097 hasRelatedWork W2997539856 @default.
- W8084097 hasRelatedWork W3121571759 @default.
- W8084097 hasRelatedWork W3121733801 @default.
- W8084097 hasRelatedWork W3121882675 @default.
- W8084097 hasRelatedWork W3123289717 @default.
- W8084097 hasRelatedWork W3124253474 @default.
- W8084097 hasRelatedWork W3124688459 @default.
- W8084097 hasRelatedWork W3124807507 @default.
- W8084097 hasRelatedWork W3125234953 @default.
- W8084097 hasRelatedWork W3125336986 @default.
- W8084097 hasRelatedWork W3173436912 @default.
- W8084097 hasRelatedWork W3123023157 @default.
- W8084097 isParatext "false" @default.
- W8084097 isRetracted "false" @default.
- W8084097 magId "8084097" @default.
- W8084097 workType "article" @default.