Hills, John (1991) Distributional effects of housing subsidies in the United Kingdom. Journal of Public Economics, 44 (3). pp. 321-352. ISSN 0047-2727
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) |
| Library of Congress subject classification: | H Social Sciences > HJ Public Finance H Social Sciences > HV Social pathology. Social and public welfare. Criminology |
| Sets: | Departments > Social Policy Collections > Economists Online Research centres and groups > Suntory and Toyota International Centres for Economics and Related Disciplines (STICERD) Research centres and groups > Centre for Analysis of Social Exclusion (CASE) |
| Date Deposited: | 11 Apr 2008 13:07 |
| URL: | http://eprints.lse.ac.uk/4229/ |
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