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Alexander Daminger, Kristof Dascher
Homeowner Subsidy Repeal and Housing Recentralization
Land Economics, 2023, 99, (2), S.283-301, https://doi.org/10.3368/le.081821-0095R
Subsidising homeownership decentralises cities, as Muth (1967) suggested over half a century ago. This article focuses on the related question of whether repealing a homeownership subsidy recentralises 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 recentralising Germany's cities. Since recentralisation helps abate carbon dioxide emissions, repealing a homeownership subsidy also helps mitigate climate change.
JEL-Codes:H24, R14, R21
Keywords:Homeownership Subsidy, Subsidy Repeal, Housing Recentralization, Global Warming, Suburban Land Use
Forschungsbereich:Regionalökonomie und räumliche Analyse