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Full-Text Articles in Social and Behavioral Sciences
Housing Market Distortions And The Mortgage Interest Deduction, Andrew Hanson, Hal Martin
Housing Market Distortions And The Mortgage Interest Deduction, Andrew Hanson, Hal Martin
Economics Faculty Research and Publications
Housing market distortions from the mortgage interest deduction (MID) typically focus on a single choice measure such as home size or self-reported amount of debt on a new mortgage. We estimate the amount of mortgage interest deducted on federal tax returns to capture the full range of housing market distortions from the MID. Our primary results show that for every one percentage point increase in the tax rate that applies to deductibility, the amount of mortgage interest deducted increases by US$303 to US$590. Empirical estimates imply elasticities of mortgage interest deducted with respect to the after-tax cost of housing between …
What Determines Public Education Expenditures In Russia?, Inna Verbina, Abdur Chowdhury
What Determines Public Education Expenditures In Russia?, Inna Verbina, Abdur Chowdhury
Economics Faculty Research and Publications
Recent studies suggest that the allocation of expenditures in education is important for growth. The state of public education spending in many transition economies highlights the need for an assessment of the nature of education expenditures in these countries. This paper attempts to fill this gap in the literature by estimating the determinants of education expenditures in the Russian Federation. Results from panel data analysis show that revenue and the student-population ratio have a positive impact on education expenditures while the effect of population density is negative. Three regional variables also show significant impact. The income and price elasticity of …
What Determines Public Education Expenditures In A Transition Economy?, Inna Verbina, Abdur Chowdhury
What Determines Public Education Expenditures In A Transition Economy?, Inna Verbina, Abdur Chowdhury
Economics Faculty Research and Publications
Recent studies suggest that the allocation of expenditures in education matters for growth. Public education spending in many transition economies, however, is often inefficient and inequitable with education outlays misallocated across sectors. This highlights the need for an assessment of the nature of education expenditures in these countries. This paper attempts to fill the gap in the literature by estimating the determinants of education expenditures in the Russian Federation. Results from panel data analysis show that revenue and the student-population ratio have a positive impact on education expenditures while the effect of population density is negative. Three regional variables also …