American Economic Journal: Economic Policy · 2026 · Ben Lockwood、Martin Simmler、Eddy H.F. Tam
中文摘要
本文利用新数据，并借助两项主要房产税减免——小企业减免与零售业减免——的外生变化，研究英国房产税税率如何影响商业房产空置率与租金。我们估计，两项减免均能有效实现其政策目标。若以相同金额的减免用于每处房产，通过零售业减免方式提供时，符合资格房产的空置率降幅更大，因为小企业减免仅面向小企业。小企业减免在城市房产集聚区效果更大，而在贫困程度较低的地区，两项减免在降低零售房产空置率方面均更为有效。（JEL D22, H25, H32, L81, R33）
Abstract
We study how UK property tax rates impact commercial vacancies and rents, using new data and exploiting exogenous variations in two major property tax reliefs: small business relief and retail relief. We estimate that both reliefs are effective at achieving their objectives. A given monetary relief per property will lead to a bigger reduction in vacancies for eligible properties if given via retail relief because small business relief is targeted only at small businesses. Small business relief has a bigger effect in clusters of urban properties, while both reliefs are more effective in reducing retail vacancies in less deprived areas. (JEL D22, H25, H32, L81, R33)