Homeowner Subsidy Repeal and Housing Recentralization

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...

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Veröffentlicht in:	Land economics 2023-05, Vol.99 (2), p.283
Hauptverfasser:	Daminger, Alexander, Dascher, Kristof
Format:	Artikel
Sprache:	eng
Schlagworte:	Carbon dioxide Carbon dioxide emissions Cities Climate change Climate change mitigation Decentralization Emissions Home ownership Housing Pollution abatement Quasi-experimental methods Questions Subsidies
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creator	Daminger, Alexander Dascher, Kristof
description	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.
doi_str_mv	10.3368/1e.081821-0095R
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subjects	Carbon dioxide Carbon dioxide emissions Cities Climate change Climate change mitigation Decentralization Emissions Home ownership Housing Pollution abatement Quasi-experimental methods Questions Subsidies
title	Homeowner Subsidy Repeal and Housing Recentralization
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