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Capital Gains Taxation and Residential Mobility in Sweden

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Author Info

  • Lundborg, Per

    (Research Institute of Industrial Economics (IFN))

  • Skedinger, Per

    ()
    (Research Institute of Industrial Economics (IFN))

Abstract

Theoretical 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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File URL: http://www.ifn.se/wfiles/wp/wp446.pdf
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Bibliographic Info

Paper provided by Research Institute of Industrial Economics in its series Working Paper Series with number 446.

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Length: 22 pages
Date of creation: Nov 1995
Date of revision:
Handle: RePEc:hhs:iuiwop:0446

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Postal: Research Institute of Industrial Economics, Box 55665, SE-102 15 Stockholm, Sweden
Phone: +46 8 665 4500
Fax: +46 8 665 4599
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Web page: http://www.ifn.se/
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Keywords: Capital Gains Taxes; Residential Mobility;

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References

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  1. Wheaton, William C, 1990. "Vacancy, Search, and Prices in a Housing Market Matching Model," Journal of Political Economy, University of Chicago Press, vol. 98(6), pages 1270-92, December.
  2. Edin, P.A. & Englund, P., 1989. "Moving Cost And Housing Demand: Are Recent Movers Really In Equilibrium?," Papers 1989d, Uppsala - Working Paper Series.
  3. Borsch-Supan, Axel & Pollakowski, Henry O., 1990. "Estimating housing consumption adjustments from panel data," Journal of Urban Economics, Elsevier, vol. 27(2), pages 131-150, March.
  4. Nakagami, Yasuhiro & Pereira, Alfredo M, 1995. "Inflation, Housing Taxation, and Homeowner Uptrading," Public Finance = Finances publiques, , vol. 50(3), pages 442-69.
  5. Hanushek, Eric A. & Quigley, John M., 1979. "The dynamics of the housing market: A stock adjustment model of housing consumption," Journal of Urban Economics, Elsevier, vol. 6(1), pages 90-111, January.
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Citations

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Cited by:
  1. Dietz, Robert D. & Haurin, Donald R., 2003. "The social and private micro-level consequences of homeownership," Journal of Urban Economics, Elsevier, vol. 54(3), pages 401-450, November.
  2. Gerardi Kristopher & Willen Paul, 2009. "Subprime Mortgages, Foreclosures, and Urban Neighborhoods," The B.E. Journal of Economic Analysis & Policy, De Gruyter, vol. 9(3), pages 1-37, March.
  3. Michiel van Leuvensteijn & J. van Ommeren, 2003. "New evidence of the effect of transaction costs on residential mobility," CPB Discussion Paper 18, CPB Netherlands Bureau for Economic Policy Analysis.
  4. Amelia M. Biehl & William Hoyt, 2009. "The Taxpayer Relief Act of 1997 and Homeownership: Is Smaller Now Better?," Working Papers 2009-04, University of Kentucky, Institute for Federalism and Intergovernmental Relations.
  5. Nicole Aregger & Martin Brown & Enzo Rossi, 2013. "Transaction Taxes, Capital Gains Taxes and House Prices," Working Papers 2013-02, Swiss National Bank.
  6. Jie Chen, 2013. "Housing tenure, residential mobility and adolescents’ education achievement: evidence from Sweden," The Annals of Regional Science, Springer, vol. 50(1), pages 275-294, February.
  7. Gintautas Bloze, 2009. "Interregional migration and housing structure in an East European transition country: A view of Lithuania 2001-2008," Baltic Journal of Economics, Baltic International Centre for Economic Policy Studies, vol. 9(2), pages 47-66, December.
  8. Lundborg, Per & Skedinger, Per, 1999. "Transaction Taxes in a Search Model of the Housing Market," Journal of Urban Economics, Elsevier, vol. 45(2), pages 385-399, March.

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