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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?.||
Biehl, Amelia, author
Hoyt, William H., author
|Type of Resource:||text|
|Extent:||1 online resource|
|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.|
|Note(s):||The publisher's version of the article is available at http://dx.doi.org/10.1111/ecin.12056|
Taxpayer Relief Act of 1997
|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/|
|Is Part Of:||Economic Inquiry.|