Housing Tenure, Uncertainty, and Taxation.
这篇工作论文研究了联邦所得税制度如何影响人们买房还是租房的选择，发现价格不确定性显著影响自有住房比例，忽略不确定性可能高估税收对住房产权选择的作用。
Abstract The article provides information on the working paper, Housing Tenure, Uncertainty and Taxation, by Harvey S. Rosen, Kenneth T. Rosen and Douglas Holtz-Eakin. This working paper examines the influence the federal income tax system has on the decision to own one's home. In the past, work on tenure choice, which is the choice between owning or renting a home, assumed that households were certain of the user cost of housing when they made their decision. The user cost includes various components of the total cost of housing such as interest rates, property and income taxes, maintenance, depreciation, and expected capital gains. This paper concludes that price uncertainty had a significant effect and impact on the: percentage of owner-occupiers. It is suggested that previous work which ignored uncertainty may have overstated tax effects on tenure choice.