Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/94914
Authors: 
Lundborg, Per
Skedinger, Per
Year of Publication: 
1995
Series/Report no.: 
IUI Working Paper 446
Abstract: 
Theoretical studies have shown that capital gains taxes in the housing market may create lock-in effects but so far no empirical evidence has been presented regarding the size of these effects. For a panel of Swedish house owners in 1984-1990, we show that lock-in effects only appear for households with income reductions; the size of these lock-in effects crucially depends on the magnitude of the income loss. The theoretical model and features of the Swedish tax system imply that lock-in effects depend on the degree of mismatch in the current residence and whether the households buy up or by down.
Subjects: 
Capital Gains Taxes
Residential Mobility
JEL: 
H20
R20
Document Type: 
Working Paper

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