Published: 2020 | Soomi Lee | CityScape Abstract This article examines parcel taxes in California counties, cities, and special districts. Unique to California, the parcel tax is commonly known as a lump-sum tax applied to parcels of real property to…
Cities as Labor Markets
Published: 2014 | Alain Bertaud | Marron Institute NYU Abstract A city’s welfare depends on its labor market. As long as a labor market does not fragment into adjacent, smaller ones as it grows, the larger the market, the more…
The Rare Occurrence of Mortgages Over $500,000
Published: 2017 | NLIHC Abstract The report reveals that only 5% of the mortgages obtained between 2013 to 2015 in the U.S. were larger than $500,000 and that lowering the mortgage interest deduction (MID) cap to $500,000 would have no…
The Mortgage Interest Deduction and its Impact on Homeownership Decisions
Published: 2014 | Christian A. L. Hilber and Tracy M. Turner | Review of Economics and Statistics Abstract This paper examines the impact of the combined U.S. state and federal mortgage interest deduction (MID) on homeownership attainment, using data from…
Housing Subsidies: Effects on Housing Decisions, Efficiency, and Equity
Published: 1985 | Harvey S. Rosen | Nation Bureau of Economic Research Abstract This paper surveys the effects of two of the most important federal policies toward housing: the “implicit subsidy” for owner-occupied housing in the income tax code, and…