【学术讲座】Capitalization of Transaction Taxes in Housing Markets: A Natural Experiment in Shanghai

创建时间:  2016/12/02  郁丽洁   浏览次数:   

上海大学经济学院
演讲题目:Capitalization of Transaction Taxes in Housing Markets: A Natural Experiment in Shanghai
演讲人:张传勇 博士,华东师范大学城市发展研究院,讲师
时    间:12月7日(周三)14:30
地    点:东区经济学院520会议室
主    办:上海大学经济学院青联会
 
 
讲座简介:
This paper builds a search model that links the bargain power and reduction of transaction tax in a partial equilibrium model. The model indicates that the tax reduction will reduce the transaction price, and to what extent the reduction benefit goes to the buyer or seller is determined by the bargain power. Then we investigate the capitalization of a 2% reduction in the transaction tax rate on "Normal Residential Properties" in Shanghai Metropolitan Area. With the universe of unique micro transaction data from 2011 to 2013, we find that after the tax reform, transaction prices of Normal Residential Properties decreased by 1.6% against those of Residential Properties not qualifying for NRP before and after this natural experiment. We document some heterogeneity of the effect across geographic areas and various floor areas and find that this effect is stronger in suburban areas with larger floor areas.
 
 
报告人简介:
张传勇,华东师范大学经济学博士,复旦大学博士后,华东师范大学城市发展研究院青年研究远,研究方向:城市与房地产经济。在《金融研究》、《统计研究》、《中国人口科学》等期刊发表论文多篇,目前的主要研究包括房价与房地产市场微观机制、家庭住房投资决策、开发区经济效应等。
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