作者：Fehr, Hans; Hofmann, Maurice; Kudrna, George
作者单位：University of Wurzburg; Deutsche Bundesbank; University of New South Wales Sydney
摘要：The article studies the role of pensions and income taxes in determining homeownership. We develop a stochastic, overlapping generations model with tenure choice and heterogenous skill types calibrated to Germany. Then, we simulate alternative income tax and pension policy structures from the United States and Australia, since these developed nations have similar incomes per capita, but highly different homeownership rates. Our results highlight that the pension system and its financing have d...
