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Full-Text Articles in Social and Behavioral Sciences
Distortionary Taxes And The Provision Of Public Goods, Charles Ballard, Don Fullerton
Distortionary Taxes And The Provision Of Public Goods, Charles Ballard, Don Fullerton
Don Fullerton
No abstract provided.
A General Equilibrium Model Of Housing, Taxes, And Portfolio Choice, James Berkovec, Don Fullerton
A General Equilibrium Model Of Housing, Taxes, And Portfolio Choice, James Berkovec, Don Fullerton
Don Fullerton
We describe a model in which rental and owner housing are risky assets, tenure choice is endogenous, and each household is constrained to consume the same amount of owner housing that it has in its investment portfolio. At each iteration in the search for an equilibrium, we determine the new taxable income for each of 3,578 households (from the Survey of Consumer Finances), and we use statutory schedules to find the marginal rate and tax paid. Equilibrium net rates of return are major determinants of the amount of owner housing, but a logit model indicates that demographic factors are the …