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dc.contributor.authorEichenberger, Reineren_US
dc.contributor.authorStadelmann, Daviden_US
dc.description.abstractPublic debts capitalize into property prices. This so far neglected fact has important consequences for the tax vs. debt choice. Property owners suffer more from the debt burden and, thus, have a stronger preference for tax financing of government spending than tenants. As a consequence of the resulting democratic struggle between property owners and tenants, the property ownership rate in a jurisdiction negatively affects public debts. We provide empirical support for this hypothesis by analyzing a cross-section of the 171 communities in the Swiss Canton of Zurich in the year 2000.en_US
dc.publisherVerein für Socialpolitik Frankfurt a. M.en_US
dc.relation.ispartofseriesBeiträge zur Jahrestagung des Vereins für Socialpolitik 2010: Ökonomie der Familie - Session: Local Public Debt D17-V3en_US
dc.subject.keywordPublic Debtsen_US
dc.subject.keywordRicardian Equivalenceen_US
dc.titleConsequences of Debt Capitalization: Property Ownership and Debt/Tax Choiceen_US
dc.typeConference Paperen_US
Appears in Collections:Jahrestagung des Vereins für Socialpolitik 2010: Ökonomie der Familie

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