Capital gains taxation and residential mobility in Sweden
AbstractTheoretical studies have shown that capital gains taxes in the housing market may create lock-in effects but so far no empirical evidence has been presented regarding the size of these effects. For a panel of Swedish house owners in 1984-1990, we show that lock-in effects only appear for households with income reductions; the size of these lock-in effects crucially depends on the magnitude of the income loss. The theoretical model and features of the Swedish tax system imply that lock-in effects depend on the degree of mismatch in the current residence and whether the households buy up or by down.
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Bibliographic InfoArticle provided by Elsevier in its journal Journal of Public Economics.
Volume (Year): 67 (1998)
Issue (Month): 3 (March)
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Web page: http://www.elsevier.com/locate/inca/505578
Other versions of this item:
- Lundborg, Per & Skedinger, Per, 1995. "Capital Gains Taxation and Residential Mobility in Sweden," Working Paper Series 446, Research Institute of Industrial Economics.
- H20 - Public Economics - - Taxation, Subsidies, and Revenue - - - General
- R20 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Household Analysis - - - General
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