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The taxpayer relief act of 1997 and homeownership: is smaller now better?

Title: The taxpayer relief act of 1997 and homeownership: is smaller now better?.
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Name(s): Biehl, Amelia, author
Hoyt, William H., author
Type of Resource: text
Genre: Article
Issuance: monographic
Date Issued: 2014-04-01
Extent: 1 online resource
Language(s): English
eng
Summary: Prior to the Taxpayer Relief Act of 1997 (TRA97), the capital gain from the sale of a home was taxed differently for those over and under the age of 55. TRA97 eliminated this differential treatment. Using a difference-in-difference approach, we find that home sellers slightly under the age of 55 were 6.2% more likely to move for a less expensive house to maintain, 6.6% less likely to move for a larger place, and 5.2% more likely to reside in a condominium after TRA97's enactment, relative to those slightly over 55.
Identifier: fgcu_ir_000599 (IID)
Note(s): The publisher's version of the article is available at http://dx.doi.org/10.1111/ecin.12056
Subject(s): Taxpayer Relief Act of 1997
Home ownership.
Links: http://dx.doi.org/10.1111/ecin.12056
Persistent Link to This Record: http://purl.flvc.org/fgcu/fd/fgcu_ir_000599
Use and Reproduction: Copyright held by publisher.
Use and Reproduction: http://rightsstatements.org/vocab/InC/1.0/
Host Institution: FGCU
Is Part Of: Economic Inquiry.