Holsteijn, Viënna van (2023) The influence of tax-free wealth transfer on housing consumption in the Netherlands. Master thesis.
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Final version MT-RES-2022-2023 Jubelton S5138701.pdf Download (2MB) | Preview |
Abstract
This paper investigates the impact of receiving a Jubelton, a Dutch government subsidy for housing, on housing consumption. With the impending abolition of the Jubelton in January 2024 after being implemented for eleven years, opinions are divided among the public regarding its removal. The government's decision to abolish the Jubelton aims to address rising housing prices and reduce wealth disparities. Through a hedonic pricing method, the main question of how receiving the Jubelton influences housing consumption is addressed. The findings reveal that receiving a Jubelton has a significant positive impact on expected housing consumption, increasing it by over 9%. Moreover, the study shows that higher amounts of received Jubeltons correspond to higher expected housing consumption, supporting both hypotheses. These results provide data-driven evidence for societal debates surrounding the impact of the Jubelton. Beneficiaries of the Jubelton had a distinct advantage in purchasing more expensive homes. Overall, this paper highlights the importance of understanding the effects of governmental decisions on housing consumption and society at large, aiming to promote fairness and better societal outcomes.
| Item Type: | Thesis (Master) |
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| Degree programme: | Real Estate Studies |
| Supervisor: | Liu, X. and Duijn, M. van |
| Date Deposited: | 21 Nov 2023 10:22 |
| Last Modified: | 21 Nov 2023 10:22 |
| URI: | https://frw.studenttheses.ub.rug.nl/id/eprint/4424 |
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