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- Title
Homeowner Subsidy Repeal and Housing Recentralization.
- Authors
Daminger, Alexander; Dascher, Kristof
- Abstract
Subsidizing homeownership decentralizes cities, as Muth (1967) suggested over half a century ago. This article focuses on the related question of whether repealing a homeownership subsidy recentralizes cities. This question is relevant today, given the ubiquity of homeownership subsidies. We provide a first quasi-experimental test of a subsidy repeal's spatial effects by examining Germany's 2005 homeownership subsidy reform. We find that repealing the subsidy contributed to recentralizing Germany's cities. Since recentralization helps abate carbon dioxide emissions, repealing a homeownership subsidy also helps mitigate climate change.
- Subjects
GERMANY; HOUSING subsidies; CARBON emissions; CITIES &; towns; HOME ownership
- Publication
Land Economics, 2023, Vol 99, Issue 2, p283
- ISSN
0023-7639
- Publication type
Article
- DOI
10.3368/le.081821-0095r