Capital gains taxation and residential mobility in Sweden

• 成果类型: Article
• 署名作者: Lundborg, P; Skedinger, P
• 署名单位: Research Institute of Industrial Economics (IFN)
• 刊物名称: JOURNAL OF PUBLIC ECONOMICS
• ISSN/ISSBN: 0047-2727
• DOI: 10.1016/S0047-2727(97)00070-4
• 发表日期: 1998
• 页码: 399-419
• 关键词: capital gains taxes; residential mobility

摘要

Theoretical 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 buy down. (C) 1998 Elsevier Science S.A.