주택시장의 문턱효과에 대한 연구: 커널밀도추정과 세수영향분석을 중심으로

Abstract

Using a non-parametric method, this study examined the threshold effect of the housing market due to acquisition tax in a more sophisticated analysis. The impact of tax revenues in cities and provinces across the country was then analyzed. The main conclusions are as follows. First, the threshold effect analysis using kernel density estimation revealed that more sophisticated threshold effects were possible compared to those found in conventional studies. Second, by analyzing the distribution of apartment transaction prices and volume in the first quarter of 2020, the degree of resolution of the threshold effect, including the effect of tax distortion, was confirmed after the reorganization of the acquisition tax rate system. As the non-continuity of the marginal tax rate for the acquisition tax the threshold effect of the tax was only partially resolved. Third, the reorganization of the acquisition tax rate system was found to facilitate the polarization of tax revenue between cities and provinces. Overall, the reorganization to address the threshold effect of the housing market has been partially successful, but side effects also appear to occur.