at Google ScholarTitle data
Stadelmann, David ; Eichenberger, Reiner:
Consequences of Debt Capitalization : Property Ownership and Debt versus Tax Choice.
In: Southern Economic Journal.
Vol. 78
(2012)
Issue 3
.
- 976 -998.
ISSN 0038-4038
DOI: https://doi.org/10.4284/0038-4038-78.3.976
Abstract in another language
Public debts capitalize into property prices. Thus, they are a burden to the present generation who owns the devalued property. This largely neglected fact has important consequences for the tax versus debt choice. Property owners suffer more from the debt burden and, thus, have a stronger preference for tax financing of government spending than tenants. As a consequence of the resulting democratic struggle between property owners and tenants, higher property ownership rates in a jurisdiction lead to less debt financing. We provide empirical support for this hypothesis by analyzing a cross section of the 171 communities in the Swiss Canton of Zurich in the year 2000.
Further data
| Item Type: | Article in a journal |
|---|---|
| Refereed: | Yes |
| Keywords: | Finance; VALUATION; DEBT; TAXATION; DEBT financing |
| Institutions of the University: | Faculties > Faculty of Law, Business and Economics > Department of Economics > Professor Economics with a focus on development economics > Professor Economics with a focus on development economics - Univ.-Prof. Dr. David Stadelmann Profile Fields > Emerging Fields > Governance and Responsibility Faculties Faculties > Faculty of Law, Business and Economics Faculties > Faculty of Law, Business and Economics > Department of Economics Faculties > Faculty of Law, Business and Economics > Department of Economics > Professor Economics with a focus on development economics Profile Fields Profile Fields > Emerging Fields |
| Result of work at the UBT: | No |
| DDC Subjects: | 300 Social sciences > 320 Political science 300 Social sciences > 330 Economics |
| Date Deposited: | 01 Dec 2014 09:36 |
| Last Modified: | 26 Apr 2018 11:05 |
| URI: | https://eref.uni-bayreuth.de/id/eprint/3305 |