The long-run effects of a residential property tax and local public services |
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| Authors: | A.Mitchell Polinsky Daniel L. Rubinfeld |
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| Affiliation: | Department of Economics, Harvard University, Cambridge, Massachusetts 02138 USA;Department of Economics and Institute of Public Policy Studies, The University of Michigan, Ann Arbor, Michigan 48109 USA |
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| Abstract: | ![]()
The long-run effects of a residential property tax and local public services are analyzed in the context of an urban spatial model. An endogenous labor market allows the local wage rate to adjust, in conjunction with residential and business land prices, in response to local fiscal changes. |
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