The behavioral response to housing transfer taxes: Evidence from a notched change in D.C. policy

Slemrod, Joel; Weber, Caroline; Shan, Hui

doi:10.1016/j.jue.2017.05.005

Cited by 37 publications

(17 citation statements)

References 15 publications

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“…Here, the general behavioral response is that donations and car sales cluster at the low side of the reward brackets. Researchers have also investigated notch‐related consumer behavior in financial institutions and the housing market . The observed excess of tumor measurements at the 2.0‐cm and 5.0‐cm margins is evidence of similar behavior in HCC tumor size reporting.…”

Section: Discussionmentioning

confidence: 99%

Biases in the reporting of hepatocellular carcinoma tumor sizes on the liver transplant waiting list

et al. 2017

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We investigate the possibility that patients with hepatocellular carcinoma (HCC) listed for liver transplant with tumors just outside Stage T2 size criteria may be inaccurately reported as just meeting the tumor size criteria for transplant. The UNOS/STAR database identified 12,958 patients listed for liver transplants with HCC exception points from 2006–2013, 9,168 of whom were listed with one tumor. A logistic power peak function was fitted to the single-tumor size histogram, with the fitted values representing unbiased expected values. The difference between the observed and expected tumor counts for 2.0cm and 5.0cm was 238 (22%) and 66 (57%), respectively. This suggests that up to 304 (3.0%) patients with tumors outside of transplant criteria had their measurements recorded at the margins of eligibility. A risk-adjusted Poisson model evaluated the ratio of observed to expected (O:E) HCC recurrence by tumor size. There were 435 HCC recurrences among 6,049 transplants. Only 2.0cm tumors had O:E recurrence differing from 1 (ratio 0.73, 95%CI 0.57–0.94), indicating a 27% lower than expected rate of recurrence. Conclusion Higher than expected observed tumor counts at the lower transplant criteria margin were corroborated by lower than expected HCC recurrence, suggesting that tumor sizes at the margins of HCC transplant criteria may be subject to inaccurate reporting.

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Section: Discussionmentioning

confidence: 99%

Biases in the reporting of hepatocellular carcinoma tumor sizes on the liver transplant waiting list

et al. 2017

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“…In this section, we refer to the theoretical framework proposed by Slemrod et al (2016) to distinguish among the various economic effects of increases in the real estate transfer tax. Slemrod et al (2016) address both a price and a time discontinuity (or notch) for when new taxes take effect.…”

Section: Conceptual Frameworkmentioning

confidence: 99%

“…Slemrod et al (2016) address both a price and a time discontinuity (or notch) for when new taxes take effect. As there is no price notch in Germany, we limit our analysis to the time notch (see Slemrod et al 2016, pp. 14 ff.…”

Section: Conceptual Frameworkmentioning

confidence: 99%

“…Quite similarly, Slemrod et al (2016) analyze different policy reforms of real estate transfer taxes in Washington D.C. and find evidence of manipulative sorting around the price notch but not around the time notch. With regard to studies of European real estate transfer taxes, there are only studies considering the effects of transfer taxes in the U.K. Best and Kleven (2013) study the impact of a tax holiday between 2008 and 2009 and show that there is bunching just below the price notches, in addition to distortions involving the volume and timing of transactions.…”

Section: Introductionmentioning

confidence: 99%

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The German Real Estate Transfer Tax: Evidence for Single-Family Home Transactions

Fritzsche¹,

Vandrei²

2017

24th Annual European Real Estate Society Conference

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This paper uses recent data for single-family home purchases to study the effects of the German real estate transfer tax. We aim to separate the tax's short-term anticipatory effects from its long-term effects on real estate transactions. The data indicate that an increase in the transfer tax is negatively correlated with the number of transactions that take place in the market for single-family homes. We estimate that a one percentage point higher transfer tax produces enormous anticipation effects and yields approximately 6% fewer transactions over the long run.JEL Code: H20, H71, R30.

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“…We find that the lock-in effect of an SSD is larger if the strength of the SSD, determined by its tax rate and lock-in period, is larger. To further explore the impacts of the lock-in effect on a home seller's choice between the length of the property holding period and the SSD tax cost, 1 See, Cohen et al (1981), Kopczuk and Munroe (2015), Slemrod et al (2017), Lundborg and Skedinger (1999), Dachis et al (2012), and Colliard and Hoffmann (2017) for extensive discussion.…”

Section: Introductionmentioning

confidence: 99%

Duration‐dependent transaction tax effects on sellers and their behaviors

Zhang

Deng

2023

Real Estate Economics

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We identify three interrelated behavioral outcomes of the duration‐dependent seller's stamp duty (SSD) implemented in the Singaporean private housing market and examine how it reduces market liquidity. An SSD lowers lock‐in home sellers’ opportunity cost of holding their properties through the lock‐in period thresholds. Consequently, their selling prices are higher than non–lock‐in home sellers. An SSD lowers their probability of home sales; the magnitude of this effect depends on the SSD's tax rate and tax rate deduction across a threshold. Moreover, an SSD drives some lock‐in home sellers to lease out the properties at lowerents.

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The behavioral response to housing transfer taxes: Evidence from a notched change in D.C. policy

Cited by 37 publications

References 15 publications

Biases in the reporting of hepatocellular carcinoma tumor sizes on the liver transplant waiting list

Biases in the reporting of hepatocellular carcinoma tumor sizes on the liver transplant waiting list

The German Real Estate Transfer Tax: Evidence for Single-Family Home Transactions

Duration‐dependent transaction tax effects on sellers and their behaviors

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