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Author : Seth B. Sacher
Publisher :
ISBN 13 :
Total Pages : 52 pages
Book Rating : 4.3/5 ( download)
Download or read book Housing Demand and Property Tax Incidence in a Life-cycle Framework written by Seth B. Sacher and published by . This book was released on 1991 with total page 52 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Seth B. Sacher
Publisher :
ISBN 13 :
Total Pages : 50 pages
Book Rating : 4.:/5 (23 download)
Download or read book Housing Demand and Property Tax Incidence in a Life-cycle Framework written by Seth B. Sacher and published by . This book was released on 1991 with total page 50 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Federal Trade Federal Trade Commission
Publisher : CreateSpace
ISBN 13 : 9781514249789
Total Pages : 42 pages
Book Rating : 4.2/5 (497 download)
Download or read book Housing Demand and Property Tax written by Federal Trade Federal Trade Commission and published by CreateSpace. This book was released on 2015-06-07 with total page 42 pages. Available in PDF, EPUB and Kindle. Book excerpt: Studies of tax incidence usually present estimates based on annual data and then simply note that estimates based on lifetime information would be preferable, but are precluded by data limitations. This book presents estimates of property tax incidence in both an annual and life-cycle framework. If full forward shifting is assumed, the property tax appears much less regressive in a lifetime sense than an annual one. If less than full forward shifting is assumed, the property tax appears to be a flat tax in lifetime terms, which is quite distinct from the annual results.
Author : Seth Barry Sacher
Publisher :
ISBN 13 :
Total Pages : 25 pages
Book Rating : 4.:/5 (753 download)
Download or read book Housing Demand and Property Tax Incidence in a Life-cycle written by Seth Barry Sacher and published by . This book was released on 1991 with total page 25 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Vinay Kumar Singh
Publisher :
ISBN 13 :
Total Pages : 0 pages
Book Rating : 4.:/5 (137 download)
Download or read book Role of Taxes on Property in Containing Asset Bubbles & Consequent Recession written by Vinay Kumar Singh and published by . This book was released on 2011 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper attempts to analyze the role of taxes on property in containing asset bubbles and its consequent recessionary impact, by developing a framework, wherein the housing market is conceived as consisting of several sub-markets i.e. rental housing market, house resale market, new construction market, housing capital market and land market, with each market having an intra-market equilibrium derived by its demand and supply function, as well as several inter-market equilibria, which get readjusted after any shock with time lags and friction. The resale market is perceived as an asset market largely governed by expectations of economic agents, who are forward looking and utility maximizing. However, the expectations are not assumed to be perfectly rational, and instead are derived by heuristic decision making amidst constraint of both information and analyzing capability, are therefore subjective and can vary from time to time. In the housing resale market, the demand as well as supply is governed primarily by future expectations of returns and additional capital gains. The capital gains have a perpetuating or exponential function, indicating a positive feedback cycle and unsustainability. The analysis of two episodes of asset bubble formation and bust, in Japan, in 1980s and in United States, in recent years, with the aid of this framework shows that the asset bubble-bust can be explained using this framework, and there does not appear any inconsistencies between the theoretical framework and the empirical evidence. Both the asset bubbles show evidence of positive feedback cycles indicated by a phase of exponential growth that seems to have resulted from the positive feedback created by the self realizing expectations of market participants. In both the episodes the bubble appears to have been finally busted by the falling 'affordability' that was a result of rise in prices, thereby indicating an inherent unsustainability in the positive feedback dependent bubble-bust cycle, which is captured in the framework. The analysis of tax measures related with property using the framework shows that empirical evidence of the incidence of taxes and their impact is largely consistent with the results obtained with the framework, and with its use it is possible to reconcile some of the differences in views, including those between the traditional and the new-capitalist view of property taxes. The analysis of taxes allows an easy way to analyze the impact of taxes in the development of asset bubbles, and also differentiates between tax measures that are pro cyclic and those that are counter cyclic. From the analysis, it is observed that deductibility of interest and capital gains tax can have a strong role in the development of asset bubbles. Capital gains tax has a complex impact as its reduction raises the expectations of capital gains which are central to the housing price in an asset resale market, while its increase causes a lock-in, which also increases the prices, indicating that its Impact on house/land prices may differ from time to time. It is observed that tax design plays an important role, by varying the effective tax rate, often widely among the taxpayers in the same jurisdiction, and that erosion of the tax base by rising prices can make the property taxes pro cyclic and aid development of bubbles. The analysis of tax measures in the two asset bubble episodes indicates that the tax environment may have significantly contributed to the development of asset bubbles, and that more informed tax policies can have a role in preventing asset bubble development in future. More elaborate analysis of tax incidence and impact, and efforts for developing a model that allows quantitative estimation of the impact of taxes in asset bubbles are recommended for further research.
Author : Arthur D. Little, Inc
Publisher :
ISBN 13 :
Total Pages : 356 pages
Book Rating : 4.3/5 ( download)
Download or read book A Study of Property Taxes and Urban Blight: Report to U. S. Dept. of Housing & Urban Development written by Arthur D. Little, Inc and published by . This book was released on 1973 with total page 356 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Arthur D. Little, Inc
Publisher :
ISBN 13 :
Total Pages : 352 pages
Book Rating : 4.3/5 (91 download)
Download or read book A Study of Property Taxes and Urban Blight written by Arthur D. Little, Inc and published by . This book was released on 1973 with total page 352 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Byron Lutz
Publisher : DIANE Publishing
ISBN 13 : 1437940021
Total Pages : 51 pages
Book Rating : 4.4/5 (379 download)
Download or read book Housing Crisis and State and Local Government Tax Revenue written by Byron Lutz and published by DIANE Publishing. This book was released on 2011-05 with total page 51 pages. Available in PDF, EPUB and Kindle. Book excerpt: State and local government tax revenues dropped steeply following the most severe housing market contraction since the Great Depression. The authors identify five main channels through which the housing market affects state and local tax revenues: property tax revenues, transfer tax revenues, sales tax revenues, and personal income tax revenues. They find that property tax revenues do not tend to decrease following house price declines. The other four channels have had a relatively modest effect on state tax revenues. These channels jointly reduced tax revenues by $15 billion from 2005 to 2009, which is about 2% of total state own-source revenues in 2005. Charts and tables. This is a print on demand publication.
Author : Thomas Sowell
Publisher : Basic Books (AZ)
ISBN 13 : 0465018807
Total Pages : 194 pages
Book Rating : 4.4/5 (65 download)
Download or read book The Housing Boom and Bust written by Thomas Sowell and published by Basic Books (AZ). This book was released on 2009-05-12 with total page 194 pages. Available in PDF, EPUB and Kindle. Book excerpt: Explains how we got into the current economic disaster that developed out of the economics and politics of the housing boom and bust. The "creative" financing of home mortgages and "creative" marketing of financial securities based on these mortgages to countries around the world, are part of the story of how a financial house of cards was built up--and then collapsed.
Author : Ferdinand Paul Schoettle
Publisher :
ISBN 13 :
Total Pages : 338 pages
Book Rating : 4.:/5 (114 download)
Download or read book A New General Equilibrium Three-sector Model for Tax Incidence Analysis written by Ferdinand Paul Schoettle and published by . This book was released on 1983 with total page 338 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Jan K. Brueckner
Publisher :
ISBN 13 :
Total Pages : 32 pages
Book Rating : 4.:/5 (31 download)
Download or read book The Incidence of the Residential Property Tax in a System of Communities written by Jan K. Brueckner and published by . This book was released on 1979 with total page 32 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper analyses the incidence of the residential property tax in an economy with two communities. Mobility is assumed for workers so that their utility levels are equal in the two communities in equilibrium. The property tax is modelled as an ad valorem tax on housing services.
Author : Dick Netzer
Publisher : Brookings Institution Press
ISBN 13 :
Total Pages : 352 pages
Book Rating : 4.:/5 (42 download)
Download or read book Economics of the Property Tax written by Dick Netzer and published by Brookings Institution Press. This book was released on 1966 with total page 352 pages. Available in PDF, EPUB and Kindle. Book excerpt: USA. Local government taxation. The economy of the tax on private ownership assets, incl. Housing.
Author : Lee S. Friedman
Publisher : Princeton University Press
ISBN 13 : 1400885701
Total Pages : 784 pages
Book Rating : 4.4/5 (8 download)
Download or read book The Microeconomics of Public Policy Analysis written by Lee S. Friedman and published by Princeton University Press. This book was released on 2017-02-15 with total page 784 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book shows, from start to finish, how microeconomics can and should be used in the analysis of public policy problems. It is an exciting new way to learn microeconomics, motivated by its application to important, real-world issues. Lee Friedman's modern replacement for his influential 1984 work not only brings the issues addressed into the present but develops all intermediate microeconomic theory to make this book accessible to a much wider audience. Friedman offers the microeconomic tools necessary to understand policy analysis of a wide range of matters of public concern--including the recent California electricity crisis, welfare reform, public school finance, global warming, health insurance, day care, tax policies, college loans, and mass transit pricing. These issues are scrutinized through microeconomic models that identify policy strengths, weaknesses, and ideas for improvements. Each chapter begins with explanations of several fundamental microeconomic principles and then develops models that use and probe them in analyzing specific public policies. The book has two primary and complementary goals. One is to develop skills of economic policy analysis: to design, predict the effects of, and evaluate public policies. The other is to develop a deep understanding of microeconomics as an analytic tool for application--its strengths and extensions into such advanced techniques as general equilibrium models and pricing methods for natural monopolies and its weaknesses, such as behavioral inconsistencies with utility-maximization models and its limits in comparing institutional alternatives. The result is an invaluable professional and academic reference, one whose clear explanation of principles and analytic techniques, and wealth of constructive applications, will ensure it a prominent place not only on the bookshelves but also on the desks of students and professionals alike.
Author : Andrew B. Lyon
Publisher :
ISBN 13 :
Total Pages : 58 pages
Book Rating : 4.0/5 ( download)
Download or read book Consumption Taxes in a Life-cycle Framework written by Andrew B. Lyon and published by . This book was released on 1991 with total page 58 pages. Available in PDF, EPUB and Kindle. Book excerpt: In this paper we construct measures of tax incidence over the life-cycle and compare these measures to traditional measures based on annual data. We show that annual measures of the incidence of taxes on consumption goods may differ from life-cycle measures for three reasons. First, annual measures of income reflect transitory components which should have smaller effects on consumption than permanent changes in income. Second, income measured in a single period differs from lifetime income due to age-related differences in earnings. Third, consumption of certain items follows life-cycle patterns independent of changes in income. Surprisingly, we find that these effects cause almost no change in the assessment of the incidence of taxes applying to the consumption of cigarettes. For alcohol, however, we find that a tax on its consumption is slightly less regressive when measured with respect to lifetime income than when measured with respect to annual income.
Author : Michael I. C. Nwogugu
Publisher : Springer Nature
ISBN 13 : 3030714152
Total Pages : 401 pages
Book Rating : 4.0/5 (37 download)
Download or read book Geopolitical Risk, Sustainability and “Cross-Border Spillovers” in Emerging Markets, Volume I written by Michael I. C. Nwogugu and published by Springer Nature. This book was released on 2021-08-30 with total page 401 pages. Available in PDF, EPUB and Kindle. Book excerpt: Economic recessions, social networks, environmental damage in several large countries (eg. China, Brazil, U.S.), the Global Financial Crisis of 2007-2015 and cross-border spillovers continue to significantly affect economic systems, financial markets, social structures and environmental compliance worldwide. These have rekindled economists’ and policy-makers’ interest in the relationships among constitutions, risk regulation, foreign aid, political systems, government size, credit expansion and sustainable growth. Risk regulation remains highly ineffective as manifested by the failures of new financial regulations and government stimulus programs that were implemented during 2007-2020 in many developed countries and emerging markets countries. This book, the first of two volumes, addresses these issues in the context of the role of constitutional economics and economic psychology as tools for national and global sustainable growth and risk management. Furthermore, this volume analyzes the often symbiotic relationship between alternative sets of legal-institutional-constitutional rules that constrain the choices and activities of economic and political agents on one hand, and sustainable growth, financial regulation and the risk management of financial institutions on the other; and reviews the effects of constitutions and legal institutions on market dynamics (real estate; fixed-income, stocks; etc.) including volatility, market depth and liquidity. This book will help researchers develop better artificial intelligence and decision-systems models of geopolitical risk, public policy and international capital flows, all of which are increasingly relevant to investment managers, boards-of-directors and government officials.
Author :
Publisher : Elsevier
ISBN 13 : 0080471714
Total Pages : 3870 pages
Book Rating : 4.0/5 (84 download)
Download or read book International Encyclopedia of Housing and Home written by and published by Elsevier. This book was released on 2012-10-09 with total page 3870 pages. Available in PDF, EPUB and Kindle. Book excerpt: Available online via SciVerse ScienceDirect, or in print for a limited time only, The International Encyclopedia of Housing and Home, Seven Volume Set is the first international reference work for housing scholars and professionals, that uses studies in economics and finance, psychology, social policy, sociology, anthropology, geography, architecture, law, and other disciplines to create an international portrait of housing in all its facets: from meanings of home at the microscale, to impacts on macro-economy. This comprehensive work is edited by distinguished housing expert Susan J. Smith, together with Marja Elsinga, Ong Seow Eng, Lorna Fox O'Mahony and Susan Wachter, and a multi-disciplinary editorial team of 20 world-class scholars in all. Working at the cutting edge of their subject, liaising with an expert editorial advisory board, and engaging with policy-makers and professionals, the editors have worked for almost five years to secure the quality, reach, relevance and coherence of this work. A broad and inclusive table of contents signals (or tesitifes to) detailed investigation of historical and theoretical material as well as in-depth analysis of current issues. This seven-volume set contains over 500 entries, listed alphabetically, but grouped into seven thematic sections including methods and approaches; economics and finance; environments; home and homelessness; institutions; policy; and welfare and well-being. Housing professionals, both academics and practitioners, will find The International Encyclopedia of Housing and Home useful for teaching, discovery, and research needs. International in scope, engaging with trends in every world region The editorial board and contributors are drawn from a wide constituency, collating expertise from academics, policy makers, professionals and practitioners, and from every key center for housing research Every entry stands alone on its merits and is accessed alphabetically, yet each is fully cross-referenced, and attached to one of seven thematic categories whose ‘wholes' far exceed the sum of their parts
Author :
Publisher : Psychology Press
ISBN 13 : 9780415111478
Total Pages : 660 pages
Book Rating : 4.1/5 (114 download)
Download or read book IBSS: Economics: 1993 Vol 42 written by and published by Psychology Press. This book was released on 1994 with total page 660 pages. Available in PDF, EPUB and Kindle. Book excerpt: This bibliography lists the most important works published in economics in 1993. Renowned for its international coverage and rigorous selection procedures, the IBSS provides researchers and librarians with the most comprehensive and scholarly bibliographic service available in the social sciences. The IBSS is compiled by the British Library of Political and Economic Science at the London School of Economics, one of the world's leading social science institutions. Published annually, the IBSS is available in four subject areas: anthropology, economics, political science and sociology.
