Housing Wealth, Property Taxes, and Labor Supply among the Elderly
利用健康与退休调查数据，研究住房财富和房产税如何影响老年人劳动供给，发现两者方向相反，且影响程度小于健康等因素，并存在性别和年龄差异。
We investigate the relationship between housing wealth, property taxes, and elderly labor supply using longitudinal data from the Health and Retirement Survey spanning the recent boom/bust housing cycle. When combined with MSA-specific house price indexes, the data provide plausibly exogenous variation in housing wealth, identified through within-MSA renter/homeowner comparisons. Our findings suggest that elderly households respond to variation in housing wealth and property taxes in the predicted opposing directions, that wealth influences labor supply to a lesser extent than factors like health and marital status, and that the effect of housing wealth on labor supply varies by gender and age.