The optimal tax treatment of housing capital in the neoclassical growth model

Essi Eerola, Niku Määttänen

    Forskningsoutput: ArbetsdokumentDiskussionsartiklarVetenskaplig

    Sammanfattning

    In a dynamic setting, housing is both an asset and a consumption good.But should it be taxed like other forms of consumption or like other forms of saving?We consider the optimal taxation of the imputed rent from owner housing within a version of the neoclassical growth model.We find that the optimal tax rate on the imputed rent is quite sensitive to the constraints imposed on the other available tax rates.In general, it is not optimal to tax the imputed rent at the same rate as the business capital income.
    In a dynamic setting, housing is both an asset and a consumption good.But should it be taxed like other forms of consumption or like other forms of saving?We consider the optimal taxation of the imputed rent from owner housing within a version of the neoclassical growth model.We find that the optimal tax rate on the imputed rent is quite sensitive to the constraints imposed on the other available tax rates.In general, it is not optimal to tax the imputed rent at the same rate as the business capital income.
    Originalspråkengelska
    UtgivningsortHelsinki
    FörlagBank of Finland
    Antal sidor30
    ISBN (tryckt)952-462-210-6
    ISBN (elektroniskt)952-462-211-4
    StatusPublicerad - 2005
    MoE-publikationstypD4 Publicerad utvecklings- eller forskningsrapport eller studie

    Vetenskapsgrenar

    • 511 Nationalekonomi
    • asuminen
    • pääomaverotus
    • verotus
    • asunnot
    • omistusasunnot
    • Verotus
    • Asunnot
    • Asuminen
    • Taxation
    • Housing
    • Apartments
    • kapitalbeskattning
    • boende
    • bostäder
    • beskattning

    Citera det här

    Eerola, E., & Määttänen, N. (2005). The optimal tax treatment of housing capital in the neoclassical growth model. (Bank of Finland Research Discussion Papers; Nr. 10/2005). Helsinki: Bank of Finland.
    Eerola, Essi ; Määttänen, Niku. / The optimal tax treatment of housing capital in the neoclassical growth model. Helsinki : Bank of Finland, 2005. (Bank of Finland Research Discussion Papers; 10/2005).
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    abstract = "In a dynamic setting, housing is both an asset and a consumption good.But should it be taxed like other forms of consumption or like other forms of saving?We consider the optimal taxation of the imputed rent from owner housing within a version of the neoclassical growth model.We find that the optimal tax rate on the imputed rent is quite sensitive to the constraints imposed on the other available tax rates.In general, it is not optimal to tax the imputed rent at the same rate as the business capital income.",
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    year = "2005",
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    isbn = "952-462-210-6",
    series = "Bank of Finland Research Discussion Papers",
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    Eerola, E & Määttänen, N 2005 'The optimal tax treatment of housing capital in the neoclassical growth model' Bank of Finland Research Discussion Papers, nr. 10/2005, Bank of Finland, Helsinki.

    The optimal tax treatment of housing capital in the neoclassical growth model. / Eerola, Essi; Määttänen, Niku.

    Helsinki : Bank of Finland, 2005. (Bank of Finland Research Discussion Papers; Nr. 10/2005).

    Forskningsoutput: ArbetsdokumentDiskussionsartiklarVetenskaplig

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    AB - In a dynamic setting, housing is both an asset and a consumption good.But should it be taxed like other forms of consumption or like other forms of saving?We consider the optimal taxation of the imputed rent from owner housing within a version of the neoclassical growth model.We find that the optimal tax rate on the imputed rent is quite sensitive to the constraints imposed on the other available tax rates.In general, it is not optimal to tax the imputed rent at the same rate as the business capital income.

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    Eerola E, Määttänen N. The optimal tax treatment of housing capital in the neoclassical growth model. Helsinki: Bank of Finland. 2005. (Bank of Finland Research Discussion Papers; 10/2005).