Authors: Polattimur, Hamza
Title: Housing, collateral constraints, and fiscal policy
Language (ISO): en
Abstract: This paper studies the preferential tax treatment of housing that can be observed in many industrialized countries. It provides a rationale for it by means of an optimal taxation approach taking into account an important feature of housing, namely its usage as collateral. In a borrower-lender framework where private loans are assumed to be non-enforceable and have to be collateralized by housing, optimal fisscal policy should disburden constrained borrowers by subsidizing their housing.
Subject Headings: Collateral Constraints
Optimal Fiscal Policy
Issue Date: 2013-06-20
Appears in Collections:Sonderforschungsbereich (SFB) 823

Files in This Item:
File Description SizeFormat 
DP_2313_SFB823_Polattimur.pdfDNB273.97 kBAdobe PDFView/Open

This item is protected by original copyright

All resources in the repository are protected by copyright.