Reading between the taxes. The role of property taxes in the housing market under uncertainty

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dc.catalogadorvdr
dc.contributor.advisorSilva M., Hugo
dc.contributor.advisorFleitas, Sebastian
dc.contributor.authorToledo Tesoro, Joaquín
dc.contributor.otherPontificia Universidad Católica de Chile. Instituto de Economía
dc.date.accessioned2024-12-26T16:48:55Z
dc.date.available2024-12-26T16:48:55Z
dc.date.issued2024
dc.date.updated2024-12-18T18:19:17Z
dc.descriptionTesis (Master in Economics)--Pontificia Universidad Católica de Chile, 2024
dc.description.abstractThis paper investigates the dual role of property taxes in Chile’s housing market as both a financial burden and a signal that mitigates information asymmetry. Using a sharp regression discontinuity design (RDD) focused on tax exemption thresholds, the study reveals that paying property taxes increases housing prices by approximately 7\% near the threshold, suggesting a departure from traditional capitalization theory. The analysis identifies a significant signaling effect, where property tax payments act as a third-party certification of quality, especially in markets with high price uncertainty. These findings highlight the broader implications of tax policies in shaping housing affordability and market transparency. Robustness checks and heterogeneity analyses confirm the reliability of these results, emphasizing the importance of considering asymmetric information and uncertainty in housing policy design.
dc.fechaingreso.objetodigital2024-12-18
dc.format.extent45 páginas
dc.fuente.origenAutoarchivo
dc.identifier.urihttps://repositorio.uc.cl/handle/11534/89253
dc.information.autorucInstituto de Economía; Toledo Tesoro, Joaquín; S/I; 23102241
dc.information.autorucInstituto de Economía; Fleitas, Sebastian; 0000-0003-3950-0371; 1324765
dc.information.autorucInstituto de Economía; Silva M., Hugo; 0000-0003-0307-2686; 1020528
dc.language.isoen
dc.nota.accesocontenido completo
dc.rightsacceso abierto
dc.rights.licenseAtribución-CompartirIgual 4.0 Internacional (CC BY-SA 4.0)
dc.rights.urihttps://creativecommons.org/licenses/by-sa/4.0/deed.es
dc.subject.ddc330
dc.subject.deweyEconomíaes_ES
dc.subject.ods08 Decent work and economic growth
dc.subject.odspa08 Trabajo decente y crecimiento económico
dc.titleReading between the taxes. The role of property taxes in the housing market under uncertainty
dc.typetesis de maestría
sipa.codpersvinculados23102241
sipa.codpersvinculados1324765
sipa.codpersvinculados1020528
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