?url_ver=Z39.88-2004&rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Adc&rft.relation=https%3A%2F%2Fpublications.ut-capitole.fr%2Fid%2Feprint%2F48368%2F&rft.title=Reducing+transaction+taxes+on+housing+in+highly+regulated+economies&rft.creator=Bontemps%2C+Christian&rft.creator=Cherbonnier%2C+Fr%C3%A9d%C3%A9ric&rft.creator=Magnac%2C+Thierry&rft.subject=B-+ECONOMIE+ET+FINANCE&rft.description=The+existence+of+transaction+taxes+reduces+transactions%2C+and+in+the+case+of+housing%2C+reduces+household+mobility+and+affects+the+costs+of+downsizing+in+dire+times.+We+construct+and+estimate+an+overlapping+generation+model+in+which+households+are+heterogeneous+in+age+and+earnings%2C+and+prudential+regulation+and+the+tax+system+are+modeled+in+fine+detail.+These+housing+and+public+policies+are+likely+to+affect+markets+globally%2C+and+clearing+both+rental+and+property+markets+is+important+when+evaluating+them.+We+use+the+institutional+and+data+setting+of+France%2C+where+transactions+taxes+are+some+of+the+highest+in+Europe%2C+and+evaluate+the+counterfactual+impact+of+reducing+transaction+taxes+from+14%25+to+6%25%2C+similar+to+US+levels.+The+impact+on+transactions+is+strong%2C+but+the+impact+on+welfare+remains+limited.&rft.publisher=TSE+Working+Paper&rft.date=2023-11&rft.type=Monograph&rft.type=NonPeerReviewed&rft.format=text&rft.language=en&rft.identifier=https%3A%2F%2Fpublications.ut-capitole.fr%2Fid%2Feprint%2F48368%2F1%2Fwp_tse_1486.pdf&rft.identifier=++Bontemps%2C+Christian+%3Chttps%3A%2F%2Fwww.idref.fr%2F119896486%3E%2C+Cherbonnier%2C+Fr%C3%A9d%C3%A9ric+%3Chttps%3A%2F%2Fwww.idref.fr%2F14447154X%3E+and+Magnac%2C+Thierry+%3Chttps%3A%2F%2Fwww.idref.fr%2F032900279%3E++(2023)+Reducing+transaction+taxes+on+housing+in+highly+regulated+economies.++TSE+Working+Paper%2C+n.+23-1486%2C+Toulouse+++++&rft.relation=http%3A%2F%2Ftse-fr.eu%2Fpub%2F128690&rft.language=en