EconPapers    
Economics at your fingertips  
 

Capital gains taxation and house price fluctuations

Clemens Fuest, Bernd Huber and Søren Nielsen
Additional contact information
Bernd Huber: Department of Economics, Copenhagen Business School, Postal: Department of Economics, Copenhagen Business School, Solbjerg Plads 3 C, 5. sal, DK-2000 Frederiksberg, Denmark

No 16-2004, Working Papers from Copenhagen Business School, Department of Economics

Abstract: Recent years have seen large swings in house prices in many countries. Motivated by housing price variations, proposals for taxing capital gains on housing have repeatedly been put forth. The idea seems to be that such taxes would curb the redistribution occurring between those owning houses and those trying to get into the market for owner-occupied housing. Our paper shows that at least in simple settings, a tax on real capital gains on housing will only lead to even bigger price swings and will not be able to redistribute between people appearing on either side of the housing market.

Keywords: capital gains tax; housing market; price fluctuations (search for similar items in EconPapers)
JEL-codes: H23 H24 R31 (search for similar items in EconPapers)
Pages: 29 pages
Date: 2006-09-12
New Economics Papers: this item is included in nep-geo, nep-pbe, nep-pub and nep-ure
References: Add references at CitEc
Citations: View citations in EconPapers (3)

Downloads: (external link)
http://openarchive.cbs.dk/cbsweb/handle/10398/7640 (application/pdf)
Full text not avaiable

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:hhs:cbsnow:2004_016

Ordering information: This working paper can be ordered from

Access Statistics for this paper

More papers in Working Papers from Copenhagen Business School, Department of Economics Copenhagen Business School, Department of Economics, Porcelaenshaven 16 A. 1.floor, DK-2000 Frederiksberg, Denmark. Contact information at EDIRC.
Bibliographic data for series maintained by CBS Library Research Registration Team ().

 
Page updated 2025-03-30
Handle: RePEc:hhs:cbsnow:2004_016