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Homevoter Hypothesis: How Home Values Influence Local Government Taxation,
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Homevoter Hypothesis: How Home Values Influence Local Government Taxation, School Finance, and Land-Use Policies (Harvard Univ PR Pbk) Paperback - 2005

by William A. Fischel


From the publisher

Just as investors want the companies they hold equity in to do well, homeowners have a financial interest in the success of their communities. If neighborhood schools are good, if property taxes and crime rates are low, then the value of the homeowner's principal asset--his home--will rise. Thus, as William Fischel shows, homeowners become watchful citizens of local government, not merely to improve their quality of life, but also to counteract the risk to their largest asset, a risk that cannot be diversified. Meanwhile, their vigilance promotes a municipal governance that provides services more efficiently than do the state or national government. Fischel has coined the portmanteau word "homevoter" to crystallize the connection between homeownership and political involvement. The link neatly explains several vexing puzzles, such as why displacement of local taxation by state funds reduces school quality and why local governments are more likely to be efficient providers of environmental amenities. The Homevoter Hypothesis thereby makes a strong case for decentralization of the fiscal and regulatory functions of government.

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  • Title Homevoter Hypothesis: How Home Values Influence Local Government Taxation, School Finance, and Land-Use Policies (Harvard Univ PR Pbk)
  • Author William A. Fischel
  • Binding Paperback
  • Edition First Edition
  • Pages 344
  • Volumes 1
  • Language ENG
  • Publisher Harvard University Press, Cumbreland, Rhode Island, U.S.A.
  • Date 2005-02-01
  • ISBN 9780674015951 / 0674015959
  • Weight 1.13 lbs (0.51 kg)
  • Dimensions 8.96 x 6.52 x 1.02 in (22.76 x 16.56 x 2.59 cm)
  • Library of Congress subjects Local government - United States, Education - United States - Finance
  • Dewey Decimal Code 338.973
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Paperback / softback. New. The link between homeownership and political involvement, Fischel argues, explains several puzzles, such as why displacement of local taxation by state funds reduces school quality and why local governments are more efficient providers of environmental amenities. He calls for decentralization of the fiscal and regulatory functions of government.
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