Explicit Measures of Impacts of Transaction Taxes as Market Cooling Measure: Evidence from the Sellers’ Stamp Duty in Singapore Housing Market

2019 ◽  
Author(s):  
Yongheng Deng ◽  
Yong Tu ◽  
Yanjiang ZHANG
Keyword(s):  
Housing Market ◽  
Transaction Taxes ◽  
Stamp Duty ◽  
Explicit Measures

scholarly journals LABOR TAX REDUCTIONS IN EUROPE: THE ROLE OF PROPERTY TAXATION

2020 ◽  
pp. 1-33
Author(s):  
Marcin Bielecki ◽  
Nikolai Stähler
Keyword(s):  
Housing Market ◽  
New Keynesian ◽  
Property Taxes ◽  
Real Economy ◽  
Property Taxation ◽  
Tax Reduction ◽  
Labor Tax ◽  
Stocks And Flows ◽  
Transaction Taxes

We use a New Keynesian DSGE model with search frictions on the housing market to evaluate how financing a labor tax reduction by higher property taxation affects the real economy and welfare. Search on the housing market enables us to explicitly model stocks and flows, which is necessary to differentiate between recurrent property taxes (levied on stocks) and property transaction taxes (levied to flows). We find that using recurrent property taxation as financing instrument outperforms other instruments although all policy measures increase aggregate economy-wide welfare. Our simulations suggest that using property transaction taxation as financing instrument is the least favorable measure.

scholarly journals The incidence of transaction taxes: Evidence from a stamp duty holiday

2014 ◽  
Vol 119 ◽  
pp. 61-70 ◽  
Author(s):  
Timothy Besley ◽  
Neil Meads ◽  
Paolo Surico
Keyword(s):  
Transaction Taxes ◽  
Stamp Duty

Transaction Taxes in a Search Model of the Housing Market

1999 ◽  
Vol 45 (2) ◽  
pp. 385-399 ◽  
Author(s):  
Per Lundborg ◽  
Per Skedinger
Keyword(s):  
Housing Market ◽  
Search Model ◽  
Transaction Taxes

Policy responses to an overheated housing market: Credit tightening versus transaction taxes

2021 ◽  
pp. 101330
Author(s):  
Siu Kei Wong ◽  
Ka Shing Cheung ◽  
Kuang Kuang Deng ◽  
Kwong Wing Chau
Keyword(s):  
Housing Market ◽  
Policy Responses ◽  
Transaction Taxes

scholarly journals International Real Estate Review

2015 ◽  
Vol 18 (4) ◽  
pp. 473-501
Author(s):  
Charles Leung ◽  
◽  
Tin Cheuk Leung ◽  
Kwok Ping Tsang ◽  
◽  
...  
Keyword(s):  
Hong Kong ◽  
Real Estate ◽  
Housing Market ◽  
Tax Avoidance ◽  
Property Market ◽  
Cutoff Points ◽  
Market Transaction ◽  
Stamp Duty ◽  
Transaction Tax

We study the implications of a property market transaction tax. As property buyers are obligated to pay a transaction tax ("stamp duty¨ or SD) where the rate increases with the value of the transaction, there are incentives to trade at the cutoff points of the tax schedule or just below them. Thus, both ¡§bunching in transactions¡¨ and ¡§underpricing¡¨ should be observed near those cutoffs. Furthermore, the bunching points should change with the tax schedule. We confirm these conjectures with a rich dataset from the Hong Kong housing market and provide a measure of tax avoidance.

Instruction-Based Approach-Avoidance Effects

2015 ◽  
Vol 62 (3) ◽  
pp. 161-169 ◽  
Author(s):  
Pieter Van Dessel ◽  
Jan De Houwer ◽  
Anne Gast ◽  
Colin Tucker Smith
Keyword(s):  
Implicit Association Test ◽  
Avoidance Training ◽  
Social Groups ◽  
Implicit Association ◽  
Approach And Avoidance ◽  
Evaluative Priming ◽  
Blacks And Whites ◽  
Approach Avoidance ◽  
Implicit And Explicit ◽  
Explicit Measures

Prior research suggests that repeatedly approaching or avoiding a certain stimulus changes the liking of this stimulus. We investigated whether these effects of approach and avoidance training occur also when participants do not perform these actions but are merely instructed about the stimulus-action contingencies. Stimulus evaluations were registered using both implicit (Implicit Association Test and evaluative priming) and explicit measures (valence ratings). Instruction-based approach-avoidance effects were observed for relatively neutral fictitious social groups (i.e., Niffites and Luupites), but not for clearly valenced well-known social groups (i.e., Blacks and Whites). We conclude that instructions to approach or avoid stimuli can provide sufficient bases for establishing both implicit and explicit evaluations of novel stimuli and discuss several possible reasons for why similar instruction-based approach-avoidance effects were not found for valenced well-known stimuli.

Memory Span and Individual Differences in Activation: Implicit and Explicit Measures

2012 ◽  
Author(s):  
Lindsey Lilienthal ◽  
Elaine Tamez ◽  
Nathan Rose ◽  
Joel Myerson ◽  
Sandra Hale
Keyword(s):  
Individual Differences ◽  
Memory Span ◽  
Implicit And Explicit ◽  
Explicit Measures
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