Government Policies and the Allocation of Capital between Residential and Industrial Uses

21 Pages Posted: 3 May 2004

See all articles by Patric H. Hendershott

Patric H. Hendershott

University of Aberdeen - Centre for Property Research; National Bureau of Economic Research (NBER)

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Date Written: December 1982

Abstract

This paper contains three parts: a discussion of the tax advantages of household capital (owner-occupied housing and consumer durables) relative to business capital (structures and producers durables) ,an analysis of alternative mechanisms for reducing these advantages (including the use of the mechanisms since 1965) ,and a brief enumeration of various attempts to lower the residential mortgage rate relative to other debt yields that have been employed during the past two decades or are currently being advocated.

Suggested Citation

Hendershott, Patric H., Government Policies and the Allocation of Capital between Residential and Industrial Uses (December 1982). NBER Working Paper No. w1036, Available at SSRN: https://ssrn.com/abstract=304771

Patric H. Hendershott (Contact Author)

University of Aberdeen - Centre for Property Research ( email )

Aberdeen AB24 2UF
Scotland

National Bureau of Economic Research (NBER) ( email )

1050 Massachusetts Avenue
Cambridge, MA 02138
United States

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