Bricks, Taxes and Spending
Solutions for Housing Equity across Levels of Government
This report addresses housing inequities through a series of analytical chapters and case studies. The cross-country chapters examine the effects of the COVID-19 pandemic on housing demand, develop a proposal for a green land value tax, evaluate the dynamics between fiscal autonomy and housing supply responsiveness, as well as explore the drivers of inter-regional migration. The case studies unravel the changes of Korea's progressive national property tax and a programme to address regional imbalances, assess the impact of the US property tax system on housing, dive into Norway's property taxation in relation to inequality, as well as survey Belgium's approaches to housing policy. With a blend of empirical data and critical analysis, the report underscores the pressing need for comprehensive strategies in addressing housing inequities. It also offers insights for policymakers and scholars, highlighting the complex balance between national and local housing policies.
The laws of attraction: Economic drivers of inter-regional mobility in selected OECD countries
The capacity of workers to move between regions in response to local economic shocks is one key dimension of labour market dynamism, which could contribute to the recovery from the pandemic and support necessary transformations underpinning the green transition. This chapter presents new empirical evidence on how policies shape the responsiveness of inter-regional migration to regional economic conditions, with a particular focus on housing markets, social policies and business regulations. The results suggest that inter-regional migrants move in search of higher income and better employment opportunities, but are discouraged by high housing costs. There is, however, large heterogeneity across countries in terms of what factors matter the most and in terms of the magnitude of the migration response. The chapter highlights the need for supplementing structural with place-based policies to help prospective movers as well as stayers.
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