Apocalypse Now? Fundamental Tax Reform and Residential Housing Values

Author(s)/Creator(s)

Donald Bruce, University of Tennessee, Knoxville
Douglas Holtz-Eakin, Syracuse University

Description/Abstract

Using a simulation model crafted to integrate the short-run and long-term impacts of tax reform on the housing market, we find modest impacts from fundamental reform of the Federal income tax. These results suggest that concerns over the impact of tax reform on housing values and household net worth are overstated. To the extent that reform is otherwise desirable, fears of drastic effects on the housing market should not stand as an impediment to reform. Donald

Document Type

Working Paper

Date

7-1998

Language

English

Series

Metropolitan Studies Program Series

Acknowledgements

We thank Stacy Dickert-Conlin, James Follain, Patric Hendershott, William Gale, Mary Lovely, James Poterba, Mark Skidmore, John Yinger, and seminar participants at Syracuse University and the meetings of the National Tax Association for useful comments on an earlier draft; the Center for Policy Research, Syracuse University for research support; and Esther Gray for her aid in preparing the manuscript.

Disciplines

Economic Policy | Economics | Public Affairs, Public Policy and Public Administration | Public Policy

ISSN

0732 507X

Additional Information

Metropolitan studies program series occasional paper no.189

Recommended Citation

Bruce, Donald and Holtz-Eakin, Douglas, "Apocalypse Now? Fundamental Tax Reform and Residential Housing Values" (1998). Center for Policy Research. 444.
https://surface.syr.edu/cpr/444

Source

Local Input

Creative Commons License

This work is licensed under a Creative Commons Attribution 4.0 International License.