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Distributional effects of housing subsidies in the United Kingdom

Hills, John (1991) Distributional effects of housing subsidies in the United Kingdom. Journal of Public Economics, 44 (3). pp. 321-352. ISSN 0047-2727 (Submitted)

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Identification Number: 10.1016/0047-2727(91)90018-W

Abstract

This paper examines the first round distributional effects of subsidies to public sector tenants and tax concessions to owner-occupiers in the United Kingdom. Excluding income-related Housing Benefits, the average values per family of the two are found to be of similar magnitude. Local authority rates (property taxes) are found to have provided a roughly equivalent offset to the shortfall from economic rents for local authority tenants and the lack of taxation of owner-occupiers' imputed rents. Their abolition substantially improves the position of housing compared with other forms of consumption or investment.

Item Type: Article
Official URL: http://www.journals.elsevier.com/journal-of-public...
Additional Information: © 1991 Elsevier Science Publishers B.V. (North-Holland)
Divisions: Social Policy
STICERD
Centre for Analysis of Social Exclusion
Subjects: H Social Sciences > HJ Public Finance
H Social Sciences > HV Social pathology. Social and public welfare. Criminology
Date Deposited: 11 Apr 2008 13:07
Last Modified: 15 Sep 2023 12:11
URI: http://eprints.lse.ac.uk/id/eprint/4229

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