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 InfoPaper provided by Research Institute of Industrial Economics in its series Working Paper Series with number 446.
Length: 22 pages
Date of creation: Nov 1995
Date of revision:
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Postal: Research Institute of Industrial Economics, Box 55665, SE-102 15 Stockholm, Sweden
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Capital Gains Taxes; Residential Mobility;
Other versions of this item:
- Lundborg, Per & Skedinger, Per, 1998. "Capital gains taxation and residential mobility in Sweden," Journal of Public Economics, Elsevier, vol. 67(3), pages 399-419, March.
- H20 - Public Economics - - Taxation, Subsidies, and Revenue - - - General
- R20 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Household Analysis - - - General
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