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dc.contributor.authorKarlman, Markus
dc.contributor.authorKinnerud, Karin
dc.contributor.authorKragh-Sørensen, Kasper
dc.date.accessioned2022-03-30T13:43:55Z
dc.date.available2022-03-30T13:43:55Z
dc.date.created2020-10-06T11:44:32Z
dc.date.issued2020
dc.identifier.citationReview of economic dynamics. 2020, 40 (April) .en_US
dc.identifier.issn1094-2025
dc.identifier.urihttps://hdl.handle.net/11250/2988650
dc.description.abstractThis paper measures the welfare effects of removing the mortgage interest deduction under a variety of implementation scenarios. To this end, we build a life-cycle model with heterogeneous households calibrated to the U.S. economy, which features long-term mortgages and costly refinancing. In line with previous research, we find that most households would prefer to be born into an economy without the deductibility. However, when we incorporate transitional dynamics, less than forty percent of households are in favor of a reform and the average welfare effect is negative. This result holds under a number of removal designs.en_US
dc.language.isoengen_US
dc.publisherElsevieren_US
dc.rightsNavngivelse 4.0 Internasjonal*
dc.rights.urihttp://creativecommons.org/licenses/by/4.0/deed.no*
dc.subjectHousingen_US
dc.subjectLife cycleen_US
dc.subjectMortgage interest deductionen_US
dc.subjectWelfareen_US
dc.titleCostly reversals of bad policies: The case of the mortgage interest deductionen_US
dc.typeJournal articleen_US
dc.typePeer revieweden_US
dc.description.versionpublishedVersionen_US
dc.rights.holderThe Authorsen_US
dc.source.pagenumber23en_US
dc.source.volume40en_US
dc.source.journalReview of economic dynamicsen_US
dc.identifier.doi10.1016/j.red.2020.08.003
dc.identifier.cristin1837508
cristin.ispublishedtrue
cristin.fulltextoriginal
cristin.qualitycode2


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