Paternalism versus Veblen: How Should the Government Address the Concern for Relative Consumption in Housing?

Zhiyong An

Journal of Housing Research, 2023, vol. 32, issue 1, 57-65

Abstract: This paper compares the optimal tax policies of welfarist and paternalistic governments to address the concern for relative consumption in housing, where the former respects such concern, whereas the latter does not. The results of our analysis suggest that the optimal tax policies are identical. More specifically, we show that irrespective of a welfarist or a paternalistic government, the concern should be addressed with a property tax; the optimal property tax rate is proportional to the degree of the concern; and whereas the concern leads to higher income guarantees, it does not result in higher marginal income tax rates.

Date: 2023
References: Add references at CitEc
Citations:

Downloads: (external link)
http://hdl.handle.net/10.1080/10527001.2022.2052547 (text/html)
Access to full text is restricted to subscribers.

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:taf:rjrhxx:v:32:y:2023:i:1:p:57-65

Ordering information: This journal article can be ordered from
http://www.tandfonline.com/pricing/journal/rjrh20

DOI: 10.1080/10527001.2022.2052547

Access Statistics for this article

Journal of Housing Research is currently edited by Kimberly Goodwin

More articles in Journal of Housing Research from Taylor & Francis Journals
Bibliographic data for series maintained by Chris Longhurst ().