Property tax and housing wealth inequality: Evidence from China

IF 2.9 3区经济学 Q1 ECONOMICS

Journal of Asian Economics Pub Date : 2024-07-14 DOI:10.1016/j.asieco.2024.101786

Yankun Kang , Weizeng Sun , Guanghua Wan , Chen Yang

引用次数: 0

Abstract

This paper empirically investigates the impact of the property tax on housing wealth inequality using the property tax pilot program in China as a quasi-natural experiment. Our findings uncover a significant decrease in the Gini coefficients of the housing wealth in the pilot cities. The main channels at work include evolutionary housing demand from home buyers and the convergence of housing prices for different sizes. Two typical tax-exemption scenarios, based on per capita housing area or total number of housing units, present significant differences in the magnitude of the policy effectiveness as well as the effective channels.

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房产税与住房财富不平等：来自中国的证据

本文以中国的房产税试点项目为准自然实验，实证研究了房产税对住房财富不平等的影响。我们的研究结果表明，试点城市住房财富的基尼系数明显下降。其主要作用渠道包括购房者住房需求的演变和不同面积住房价格的趋同。基于人均住房面积或住房总套数的两种典型免税方案在政策效果的大小和有效渠道方面存在显著差异。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

Journal of Asian Economics ECONOMICS-

CiteScore

4.70

自引率

9.40%

发文量

期刊介绍： The Journal of Asian Economics provides a forum for publication of increasingly growing research in Asian economic studies and a unique forum for continental Asian economic studies with focus on (i) special studies in adaptive innovation paradigms in Asian economic regimes, (ii) studies relative to unique dimensions of Asian economic development paradigm, as they are investigated by researchers, (iii) comparative studies of development paradigms in other developing continents, Latin America and Africa, (iv) the emerging new pattern of comparative advantages between Asian countries and the United States and North America.