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Replication data for: Mansion Tax: The Effect of Transfer Taxes on the Residential Real Estate Market

Version
V0
Resource Type
Dataset
Creator
  • Kopczuk, Wojciech
  • Munroe, David
Publication Date
2015-05-01
Description
  • Abstract

    Using discontinuities in housing transaction taxes in New York and New Jersey we find robust price bunching. Incidence for transactions local to the notch falls on sellers, with no evidence of evasion. The volume of missing transactions above the notch exceeds those bunching (beyond the usual extensive-margin response), indicating incentives for buyers and sellers not to transact (market unravels). The possibility of unraveling affects interpretation and estimation of bunching. Away from the threshold, we find increased discounts and weaker relationship between listing and sale prices. Equilibrium bargaining framework highlights that taxation affects the ultimate allocation in this search market. (JEL H71, R21, R31)
Availability
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Relations
  • Is supplement to
    DOI: 10.1257/pol.20130361 (Text)
Publications
  • Kopczuk, Wojciech, and David Munroe. “Mansion Tax: The Effect of Transfer Taxes on the Residential Real Estate Market.” American Economic Journal: Economic Policy 7, no. 2 (May 2015): 214–57. https://doi.org/10.1257/pol.20130361.
    • ID: 10.1257/pol.20130361 (DOI)

Update Metadata: 2020-05-18 | Issue Number: 2 | Registration Date: 2019-10-13

Kopczuk, Wojciech; Munroe, David (2015): Replication data for: Mansion Tax: The Effect of Transfer Taxes on the Residential Real Estate Market. Version: V0. ICPSR - Interuniversity Consortium for Political and Social Research. Dataset. https://doi.org/10.3886/E114591