Metropolitan Studies Program Series
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.
Economic Policy | Economics | Public Affairs, Public Policy and Public Administration | Public Policy
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
Bruce, Donald and Holtz-Eakin, Douglas, "Apocalypse Now? Fundamental Tax Reform and Residential Housing Values" (1998). Center for Policy Research. 444.
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