Studies on the Effects of Property Taxation, Rent Control and Housing Allowances
This thesis consists of an introduction to the economic analysis of housing markets (Chapter 1) and three studies each analyzing different housing policy instruments. Chapter 2 examines the effect on housing construction of the Finnish property tax system. The focus is on the effects of taxing undeveloped land at a higher rate than developed land. Theoretical analysis indicates that pre-development land tax should lead to faster development but a side-effect of this is that the density of development may be affected too. According to empirical results, a higher pre-development land tax increases single family housing starts but does not affect development density measured as the volume (cubic meters) per started unit. Chapter 3 analyzes the costs and benefits of rent control to tenants. The focus is on the measurement of welfare losses from misallocation of housing under rent control. Empirical results suggest that the costs of increased mismatch between dwellings and households under rent control offset much of the benefits of low rents to tenants. Chapter 4 examines the incentive effects of the Finnish housing allowance system. Theoretical analysis shows that the system creates incentives to move to dwellings with certain space?quality combinations. Empirical analysis suggests that households eligible for housing allowance do not respond to the incentives.
|Date of creation:||10 Dec 2008|
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- Olivier Bargain & Herwig Immervollz & Heikki Viitamäkix, 2007.
"How Tight are Safety-Nets in Nordic Countries? Evidence from Finnish Register Data,"
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- Timothy J. Bartik & J.S. Butler & Jin Tan Liu, 1990. "Maximum Score Estimates of the Determinants of Residential Mobility: Implications for the Value of Residential Attachment and Neighborhood Amenities," Upjohn Working Papers and Journal Articles 90-01, W.E. Upjohn Institute for Employment Research.
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- Duclos, Jean-Yves, 1995. "Modelling the take-up of state support," Journal of Public Economics, Elsevier, vol. 58(3), pages 391-415, November. Full references (including those not matched with items on IDEAS)
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