Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/86825
Authors: 
van Ommeren, Jos
Year of Publication: 
2008
Series/Report no.: 
Tinbergen Institute Discussion Paper 08-099/3
Abstract: 
According to economic theory, there are no strong reasons to tax (or to subsidise) residential moves, although low levels of taxation may be potentially justified to deal with the presence of externalities and economic stability. This is in contrast to practise in most countries where governments have created strong barriers to moving (transaction taxes, rent control) which induces substantial transaction costs. Likely, the welfare losses due to these government-induced transaction costs are substantial.
Subjects: 
Housing market
residential mobility
transaction costs
transaction taxes
rent control
JEL: 
R21
R23
Document Type: 
Working Paper

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