Does favorable tax-treatment of housing reduce equipment investment?:
It is often argued that low tax rates on owner-occupied housing divert investment from equipment. This paper demonstrates that if people are heterogeneous in their propensity to save, and if there are constraints on borrowing, favorable tax treatment of owner-occupied housing up to a certain value i...
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| Main Authors: | , |
|---|---|
| Format: | Book |
| Language: | English |
| Published: |
Cambridge, Mass.
1997
|
| Series: | NBER working paper series
6161 |
| Subjects: | |
| Links: | http://papers.nber.org/papers/w6161.pdf |
| Summary: | It is often argued that low tax rates on owner-occupied housing divert investment from equipment. This paper demonstrates that if people are heterogeneous in their propensity to save, and if there are constraints on borrowing, favorable tax treatment of owner-occupied housing up to a certain value increases equipment investment. This is because low housing taxes encourage renters to become owner-occupiers, and this leads existing owner-occupiers to shift their portfolio of other assets from rental housing to equipment. |
| Physical Description: | 27 S. |
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| 520 | |a It is often argued that low tax rates on owner-occupied housing divert investment from equipment. This paper demonstrates that if people are heterogeneous in their propensity to save, and if there are constraints on borrowing, favorable tax treatment of owner-occupied housing up to a certain value increases equipment investment. This is because low housing taxes encourage renters to become owner-occupiers, and this leads existing owner-occupiers to shift their portfolio of other assets from rental housing to equipment. | ||
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| id | DE-604.BV011749443 |
| illustrated | Not Illustrated |
| indexdate | 2024-12-20T10:18:00Z |
| institution | BVB |
| language | English |
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| physical | 27 S. |
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| spelling | Broadbent, Ben Verfasser (DE-588)134037421 aut Does favorable tax-treatment of housing reduce equipment investment? Ben Broadbent ; Michael Kremer Cambridge, Mass. 1997 27 S. txt rdacontent n rdamedia nc rdacarrier NBER working paper series 6161 It is often argued that low tax rates on owner-occupied housing divert investment from equipment. This paper demonstrates that if people are heterogeneous in their propensity to save, and if there are constraints on borrowing, favorable tax treatment of owner-occupied housing up to a certain value increases equipment investment. This is because low housing taxes encourage renters to become owner-occupiers, and this leads existing owner-occupiers to shift their portfolio of other assets from rental housing to equipment. Steuer Ökonometrisches Modell Home ownership Econometric models Housing Taxation Econometric models Industrial equipment Econometric models Saving and investment Econometric models Kremer, Michael 1964- Verfasser (DE-588)128650532 aut Erscheint auch als Online-Ausgabe NBER working paper series 6161 (DE-604)BV002801238 6161 http://papers.nber.org/papers/w6161.pdf kostenfrei Volltext |
| spellingShingle | Broadbent, Ben Kremer, Michael 1964- Does favorable tax-treatment of housing reduce equipment investment? NBER working paper series Steuer Ökonometrisches Modell Home ownership Econometric models Housing Taxation Econometric models Industrial equipment Econometric models Saving and investment Econometric models |
| title | Does favorable tax-treatment of housing reduce equipment investment? |
| title_auth | Does favorable tax-treatment of housing reduce equipment investment? |
| title_exact_search | Does favorable tax-treatment of housing reduce equipment investment? |
| title_full | Does favorable tax-treatment of housing reduce equipment investment? Ben Broadbent ; Michael Kremer |
| title_fullStr | Does favorable tax-treatment of housing reduce equipment investment? Ben Broadbent ; Michael Kremer |
| title_full_unstemmed | Does favorable tax-treatment of housing reduce equipment investment? Ben Broadbent ; Michael Kremer |
| title_short | Does favorable tax-treatment of housing reduce equipment investment? |
| title_sort | does favorable tax treatment of housing reduce equipment investment |
| topic | Steuer Ökonometrisches Modell Home ownership Econometric models Housing Taxation Econometric models Industrial equipment Econometric models Saving and investment Econometric models |
| topic_facet | Steuer Ökonometrisches Modell Home ownership Econometric models Housing Taxation Econometric models Industrial equipment Econometric models Saving and investment Econometric models |
| url | http://papers.nber.org/papers/w6161.pdf |
| volume_link | (DE-604)BV002801238 |
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