Labor Economics 5th Edition by George Borjas

تمرين 14

Under the recently enacted 2001 tax legislation in the United States, all income tax filers can now deduct from their total income half of their expenses incurred when moving more than 50 miles to accept a new job. Prior to the change, only tax filers who itemized their deductions were allowed to deduct their moving expenses. (Typically, homeowners itemize their deductions and renters do not itemize.) How would this change in the tax bill likely affect the mobility of homeowners and renters