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作者

来源

来源 JOURNAL OF URBAN ECONOMICS,Vol.56,P.439-457

语言

英文

关键字

作者单位

Department of Economics, Boston University, 270 Bay State Road, Boston, MA 02215, USA"}]},{"#name":"affiliation","$":{"id":"AFF002;MFS Investment Management, 44 Concord Avenue, #102 Cambridge, MA 02138, USA"}]},{"#name":"correspondence","$":{"id":"COR001;Department of Economics, Boston University, 270 Bay State Road, Boston, MA 02215, USA"}]},"AFF002":{"#name":"affiliation","$":{"id":"AFF002;MFS Investment Management, 44 Concord Avenue, #102 Cambridge, MA 02138, USA"}]}},"correspondences":{"COR001":{"#name":"correspondence","$":{"id":"COR001

摘要

We examine the effect of Proposition 212 on revenues and housing prices in Massachusetts. Communities that were initially constrained by the law saw large increases in state aid and the use of fees. We use these initial constraints as instruments for changes in other components of revenue while treating the change in the property tax as exogenously determined by Proposition 212. Our results strongly suggest that communities that were able to increase their property taxes more rapidly saw greater increases in their housing values in the period following passage of the law.