How do stamp duties affect the housing market? (Record no. 492)
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| 000 -LEADER | |
|---|---|
| fixed length control field | 01643nam a22002057a 4500 |
| 003 - CONTROL NUMBER IDENTIFIER | |
| control field | OSt |
| 005 - DATE AND TIME OF LATEST TRANSACTION | |
| control field | 20230627154754.0 |
| 008 - FIXED-LENGTH DATA ELEMENTS--GENERAL INFORMATION | |
| fixed length control field | 210629b |||||||| |||| 00| 0 eng d |
| 100 ## - MAIN ENTRY--PERSONAL NAME | |
| 9 (RLIN) | 475 |
| Personal name | Davidoff, Ian |
| 245 ## - TITLE STATEMENT | |
| Title | How do stamp duties affect the housing market? |
| 260 ## - PUBLICATION, DISTRIBUTION, ETC. | |
| Name of publisher, distributor, etc. | IZA, |
| Date of publication, distribution, etc. | June 2013. |
| 300 ## - PHYSICAL DESCRIPTION | |
| Extent | 29 pages |
| 500 ## - GENERAL NOTE | |
| General note | KEYWORDS: tax incidence, land sales taxation, residential mobility |
| 520 ## - SUMMARY, ETC. | |
| Summary, etc. | Land transfer taxes are a substantial portion of the cost of moving house in many developed countries. Since stamp duties are endogenous with respect to the house price, we create an instrumental variable that is the stamp duty on a property, given that postcode’s starting house price and the national house price trend. In a specification with postcode and year fixed effects, this instrument effectively captures policy changes and nonlinearities in the stamp duty schedule. We find that the impact of an increase in the tax rate is to lower house prices, suggesting that the economic incidence of the tax falls on the seller. We also observe impacts of stamp duty on housing turnover. A 10 per cent increase in stamp duty lowers turnover by 3 per cent in the first year, and by 6 per cent if sustained over a 3 year period. |
| 524 ## - PREFERRED CITATION OF DESCRIBED MATERIALS NOTE | |
| Preferred citation of described materials note | Suggested Citation: Davidoff, Ian and Leigh, Andrew, How Do Stamp Duties Affect the Housing Market?. IZA Discussion Paper No. 7463, Available at SSRN: https://ssrn.com/abstract=2287073 |
| 650 #0 - SUBJECT ADDED ENTRY--TOPICAL TERM | |
| Topical term or geographic name entry element | Taxation |
| Geographic subdivision | Australia |
| 9 (RLIN) | 513 |
| 700 ## - ADDED ENTRY--PERSONAL NAME | |
| 9 (RLIN) | 476 |
| Personal name | Leigh, Andrew |
| 856 ## - ELECTRONIC LOCATION AND ACCESS | |
| Uniform Resource Identifier | <a href="https://papers.ssrn.com/sol3/papers.cfm?abstract_id=2287073">https://papers.ssrn.com/sol3/papers.cfm?abstract_id=2287073</a> |
| Link text | View item on publishers website |
| 942 ## - ADDED ENTRY ELEMENTS (KOHA) | |
| Source of classification or shelving scheme | Dewey Decimal Classification |
| Koha item type | Article |
| Withdrawn status | Lost status | Source of classification or shelving scheme | Damaged status | Use restrictions | Not for loan | Home library | Current library | Date acquired | Date last seen | Uniform Resource Identifier | Price effective from | Koha item type |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| No | Dewey Decimal Classification | No | Yes | No | tunsw | tunsw | 29/06/2021 | 29/06/2021 | https://cfiles.tenantsunion.org.au/f/1476 | 29/06/2021 | Article | |
| No | Dewey Decimal Classification | No | No | tunsw | tunsw | 29/06/2021 | 29/06/2021 | https://papers.ssrn.com/sol3/papers.cfm?abstract_id=2287073 | 29/06/2021 | Article |