Daminger, Alexander and Dascher, Kristof (2023) Homeowner Subsidy Repeal and Housing Recentralization. LAND ECONOMICS, 99 (2). pp. 283-301. ISSN 0023-7639, 1543-8325
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Subsidizing homeownership de-centralizes cities, as Muth (1967) suggested over half a century ago. This article focuses on the related question of whether repeal-ing a homeownership subsidy recentralizes cities. This question is relevant today, given the ubiquity of homeownership subsidies. We provide a first quasi-experimental test of a subsidy repeal's spatial effects by examining Germany's 2005 homeownership subsidy re-form. We find that repealing the subsidy con-tributed to recentralizing Germany's cities. Since recentralization helps abate carbon di-oxide emissions, repealing a homeownership subsidy also helps mitigate climate change. (JEL R14, R21)
| Item Type: | Article |
|---|---|
| Uncontrolled Keywords: | MORTGAGE INTEREST DEDUCTION; IMPACT; RENTS; |
| Subjects: | 300 Social sciences > 330 Economics |
| Divisions: | Business, Economics and Information Systems > Institut für Immobilienenwirtschaft / IRE|BS > Professur für Handelsimmobilien (Prof. Dr. Kristof Dascher) Business, Economics and Information Systems > Institut für Volkswirtschaftslehre und Ökonometrie > Professur für Handelsimmobilien (Prof. Dr. Kristof Dascher) |
| Depositing User: | Dr. Gernot Deinzer |
| Date Deposited: | 12 Mar 2024 12:28 |
| Last Modified: | 12 Mar 2024 12:30 |
| URI: | https://pred.uni-regensburg.de/id/eprint/59759 |
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