Housing and non-housing asset values under a consumption tax reform: A general equilibrium analysis

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dc.contributor.advisorZodrow, George R.en_US
dc.creatorDiamond, John Williamen_US
dc.date.accessioned2009-06-04T08:25:50Zen_US
dc.date.available2009-06-04T08:25:50Zen_US
dc.date.issued2000en_US
dc.description.abstractThis study focuses on two potential problems that often arise in the discussions of the feasibility of consumption tax reform: (1) the potential negative effect of a consumption tax reform on the value of owner-occupied housing, and (2) the tendency of such a reform to impose a one-time windfall loss on the owners of existing capital other than owner-occupied housing. The results suggest that the reform-induced one-time windfall tax on the owners of existing assets tends to be overstated in models that do not explicitly account for owner-occupied housing. The study also suggests that the potential decline in the value of owner-occupied housing could be significant, approximately 10 percent of the total value of owner-occupied housing, immediately after reform. However, the value of owner-occupied housing is likely to rebound during the transition, resulting in significant increases in the value of owner-occupied housing in the long run.en_US
dc.format.extent163 p.en_US
dc.format.mimetypeapplication/pdfen_US
dc.identifier.callnoTHESIS ECON. 2000 DIAMONDen_US
dc.identifier.citationDiamond, John William. "Housing and non-housing asset values under a consumption tax reform: A general equilibrium analysis." (2000) Diss., Rice University. <a href="https://hdl.handle.net/1911/19486">https://hdl.handle.net/1911/19486</a>.en_US
dc.identifier.urihttps://hdl.handle.net/1911/19486en_US
dc.language.isoengen_US
dc.rightsCopyright is held by the author, unless otherwise indicated. Permission to reuse, publish, or reproduce the work beyond the bounds of fair use or other exemptions to copyright law must be obtained from the copyright holder.en_US
dc.subjectEconomicsen_US
dc.titleHousing and non-housing asset values under a consumption tax reform: A general equilibrium analysisen_US
dc.typeThesisen_US
dc.type.materialTexten_US
thesis.degree.departmentEconomicsen_US
thesis.degree.disciplineSocial Sciencesen_US
thesis.degree.grantorRice Universityen_US
thesis.degree.levelDoctoralen_US
thesis.degree.nameDoctor of Philosophyen_US
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