Autor(en): | Polattimur, Hamza |
Titel: | Housing, collateral constraints, and fiscal policy |
Sprache (ISO): | en |
Zusammenfassung: | 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. |
Schlagwörter: | Collateral Constraints Housing Optimal Fiscal Policy |
URI: | http://hdl.handle.net/2003/30404 http://dx.doi.org/10.17877/DE290R-5477 |
Erscheinungsdatum: | 2013-06-20 |
Enthalten in den Sammlungen: | Sonderforschungsbereich (SFB) 823 |
Dateien zu dieser Ressource:
Datei | Beschreibung | Größe | Format | |
---|---|---|---|---|
DP_2313_SFB823_Polattimur.pdf | DNB | 273.97 kB | Adobe PDF | Öffnen/Anzeigen |
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